Boise Cascade, L.L.C. $BCC Shares Sold by UBS Group AG

UBS Group AG cut its stake in Boise Cascade, L.L.C. (NYSE:BCC) by 36.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 93,803 shares of the construction company’s stock after selling 52,831 shares during the period. UBS Group AG’s holdings in Boise Cascade were worth $6,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its position in Boise Cascade by 231.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 371 shares of the construction company’s stock worth $29,000 after buying an additional 259 shares during the period. 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 buying an additional 450 shares during the period. Advisory Services Network LLC acquired a new stake in Boise Cascade in the third quarter worth $38,000. Signaturefd LLC increased its position in Boise Cascade by 5,866.7% in the fourth quarter. Signaturefd LLC now owns 537 shares of the construction company’s stock worth $40,000 after buying an additional 528 shares during the period. Finally, iSAM Funds UK Ltd acquired a new stake in Boise Cascade in the third quarter worth $44,000. 96.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BCC. The Goldman Sachs Group raised their price target on Boise Cascade from $85.00 to $94.00 and gave the company a “neutral” rating in a report on Wednesday, February 25th. Zacks Research raised Boise Cascade from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Wall Street Zen raised Boise Cascade from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. DA Davidson lowered their price target on Boise Cascade from $95.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Finally, Weiss Ratings raised Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $98.00.

Boise Cascade Price Performance

NYSE:BCC opened at $65.60 on Wednesday. The business’s 50-day moving average price is $75.01 and its 200 day moving average price is $76.95. The firm has a market cap of $2.31 billion, a P/E ratio of 22.16, a PEG ratio of 1.01 and a beta of 1.15. 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 quick ratio of 1.37, a current ratio of 2.77 and a debt-to-equity ratio of 0.24.

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

Boise Cascade Announces Dividend

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

Insider Buying and Selling

In other Boise Cascade news, SVP Jill Twedt sold 6,070 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $66.45, for a total transaction of $403,351.50. Following the completion of the sale, the senior vice president directly owned 26,545 shares in the company, valued at approximately $1,763,915.25. This trade represents a 18.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.42% of the company’s stock.

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.