Boise Cascade (NYSE:BCC) SVP Jill Twedt Sells 6,070 Shares of Stock

Boise Cascade, L.L.C. (NYSE:BCC) SVP Jill Twedt sold 6,070 shares of Boise Cascade stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $66.45, for a total value of $403,351.50. Following the transaction, the senior vice president directly owned 26,545 shares of the company’s stock, valued at approximately $1,763,915.25. The trade was a 18.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Boise Cascade Stock Up 3.6%

Shares of NYSE:BCC opened at $69.41 on Friday. The company’s fifty day moving average is $75.65 and its 200-day moving average is $77.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.37 and a current ratio of 2.77. Boise Cascade, L.L.C. has a 52 week low of $65.14 and a 52 week high of $95.00. The company has a market capitalization of $2.44 billion, a PE ratio of 23.45, a P/E/G ratio of 1.00 and a beta of 1.15.

Boise Cascade (NYSE:BCC) last announced its earnings results on Monday, May 4th. The construction company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.07. Boise Cascade had a net margin of 1.73% and a return on equity of 5.55%. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter last year, the company posted $1.06 EPS. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. Equities research analysts predict that Boise Cascade, L.L.C. will post 3.67 earnings per share for the current fiscal year.

Boise Cascade Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.88 annualized dividend and a dividend yield of 1.3%. Boise Cascade’s dividend payout ratio (DPR) is presently 29.73%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its position in shares of Boise Cascade by 231.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 371 shares of the construction company’s stock worth $29,000 after acquiring an additional 259 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Boise Cascade by 77.5% in the fourth quarter. Fifth Third Bancorp now owns 410 shares of the construction company’s stock valued at $30,000 after acquiring an additional 179 shares during the last quarter. Hantz Financial Services Inc. increased its position in Boise Cascade by 1,071.4% in the third quarter. Hantz Financial Services Inc. now owns 492 shares of the construction company’s stock worth $38,000 after purchasing an additional 450 shares during the period. Advisory Services Network LLC acquired a new stake in Boise Cascade in the third quarter worth about $38,000. Finally, UMB Bank n.a. raised its holdings in Boise Cascade by 98.5% during the 4th quarter. UMB Bank n.a. now owns 524 shares of the construction company’s stock worth $39,000 after purchasing an additional 260 shares during the last quarter. 96.18% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Zacks Research upgraded Boise Cascade from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group lifted their price objective on Boise Cascade from $85.00 to $94.00 and gave the company a “neutral” rating in a research report on Wednesday, February 25th. Truist Financial set a $97.00 price objective on Boise Cascade in a research note on Wednesday, May 6th. Wall Street Zen upgraded Boise Cascade from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Weiss Ratings lowered Boise Cascade from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $98.00.

About Boise Cascade

Boise Cascade Company operates as a leading manufacturer and distributor of wood products and building materials in North America. The company’s operations are organized into two primary segments: wood products manufacturing and building materials distribution. In its manufacturing segment, Boise Cascade produces a wide array of engineered wood products, including plywood, oriented strand board (OSB), lumber, particleboard and laminated veneer lumber (LVL), serving residential, commercial and industrial customers.

In its distribution segment, Boise Cascade sources and delivers building materials through an extensive network of distribution centers, servicing professional builders, remodelers, contractors and industrial customers.