Insider Selling: Boise Cascade (NYSE:BCC) SVP Sells $99,250.00 in Stock

Boise Cascade, L.L.C. (NYSE:BCC) SVP Jill Twedt sold 1,250 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $79.40, for a total transaction of $99,250.00. Following the completion of the transaction, the senior vice president owned 25,295 shares in the company, valued at $2,008,423. This trade represents a 4.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Boise Cascade Trading Down 1.3%

Shares of NYSE:BCC traded down $1.07 during trading on Thursday, reaching $78.87. The stock had a trading volume of 320,821 shares, compared to its average volume of 416,153. Boise Cascade, L.L.C. has a 52 week low of $65.00 and a 52 week high of $91.97. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.31 and a current ratio of 2.71. The firm’s fifty day moving average is $78.72 and its 200 day moving average is $76.80. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 26.74, a P/E/G ratio of 1.09 and a beta of 1.10.

Boise Cascade (NYSE:BCC) last announced its earnings results on Monday, August 3rd. The construction company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.40. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.77 billion. Boise Cascade had a net margin of 1.64% and a return on equity of 5.41%. Boise Cascade’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.64 earnings per share. As a group, equities analysts forecast that Boise Cascade, L.L.C. will post 3.86 EPS for the current fiscal year.

Boise Cascade Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, September 1st. This is an increase from Boise Cascade’s previous quarterly dividend of $0.22. Boise Cascade’s dividend payout ratio (DPR) is 29.83%.

Analyst Upgrades and Downgrades

BCC has been the topic of a number of recent analyst reports. Weiss Ratings raised Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, August 17th. The Goldman Sachs Group raised their target price on Boise Cascade from $81.00 to $91.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Truist Financial set a $97.00 price target on Boise Cascade in a research note on Wednesday, May 6th. Zacks Research cut Boise Cascade from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Finally, Wall Street Zen upgraded Boise Cascade from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $93.60.

Hedge Funds Weigh In On Boise Cascade

Several institutional investors have recently made changes to their positions in BCC. Royal Bank of Canada grew its stake in shares of Boise Cascade by 4.0% in the 1st quarter. Royal Bank of Canada now owns 34,704 shares of the construction company’s stock valued at $3,404,000 after buying an additional 1,332 shares during the period. AQR Capital Management LLC boosted its holdings in Boise Cascade by 8.8% in the first quarter. AQR Capital Management LLC now owns 36,639 shares of the construction company’s stock worth $3,594,000 after acquiring an additional 2,966 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Boise Cascade by 1,638.4% in the first quarter. Jones Financial Companies Lllp now owns 4,120 shares of the construction company’s stock valued at $404,000 after acquiring an additional 3,883 shares during the period. United Services Automobile Association acquired a new stake in Boise Cascade in the first quarter valued at approximately $258,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Boise Cascade by 2.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 203,631 shares of the construction company’s stock valued at $19,974,000 after acquiring an additional 3,978 shares during the period. Institutional investors and hedge funds own 96.18% 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.