Joanna L. Barney Sells 1,000 Shares of Boise Cascade (NYSE:BCC) Stock

Boise Cascade (NYSE:BCC) EVP Joanna L. Barney sold 1,000 shares of Boise Cascade stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $87.68, for a total transaction of $87,680.00. Following the completion of the sale, the executive vice president now owns 12,372 shares of the company’s stock, valued at $1,084,776.96. This represents a 7.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Boise Cascade Stock Down 0.9%

BCC opened at $86.71 on Friday. The firm’s 50 day simple moving average is $91.60 and its two-hundred day simple moving average is $110.72. The company has a market capitalization of $3.26 billion, a PE ratio of 9.07 and a beta of 1.36. Boise Cascade has a 1-year low of $83.86 and a 1-year high of $155.42. The company has a current ratio of 3.34, a quick ratio of 1.92 and a debt-to-equity ratio of 0.22.

Boise Cascade (NYSE:BCC) last posted its quarterly earnings data on Monday, May 5th. The construction company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.36 by ($0.30). Boise Cascade had a return on equity of 17.04% and a net margin of 5.60%. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter last year, the company earned $2.61 earnings per share. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. As a group, equities analysts forecast that Boise Cascade will post 10.15 EPS for the current year.

Boise Cascade Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Monday, June 2nd. Boise Cascade’s payout ratio is 10.49%.

Wall Street Analyst Weigh In

BCC has been the topic of several research reports. Loop Capital dropped their target price on shares of Boise Cascade from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Truist Financial lowered their price target on Boise Cascade from $134.00 to $118.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. DA Davidson cut their price objective on Boise Cascade from $155.00 to $125.00 and set a “buy” rating for the company in a report on Monday, February 24th. Benchmark reiterated a “hold” rating on shares of Boise Cascade in a research report on Tuesday, February 25th. Finally, BMO Capital Markets lowered their target price on Boise Cascade from $136.00 to $122.00 and set a “market perform” rating on the stock in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $125.00.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. KBC Group NV grew its stake in shares of Boise Cascade by 41.3% during the 4th quarter. KBC Group NV now owns 1,732 shares of the construction company’s stock valued at $206,000 after acquiring an additional 506 shares during the period. Jennison Associates LLC lifted its holdings in Boise Cascade by 83.4% during the fourth quarter. Jennison Associates LLC now owns 11,219 shares of the construction company’s stock valued at $1,333,000 after purchasing an additional 5,102 shares in the last quarter. Vest Financial LLC boosted its position in shares of Boise Cascade by 89.6% in the fourth quarter. Vest Financial LLC now owns 19,853 shares of the construction company’s stock worth $2,360,000 after purchasing an additional 9,381 shares during the period. Empowered Funds LLC increased its stake in shares of Boise Cascade by 2.5% in the fourth quarter. Empowered Funds LLC now owns 21,176 shares of the construction company’s stock worth $2,517,000 after purchasing an additional 513 shares in the last quarter. Finally, Regents Gate Capital LLP purchased a new stake in shares of Boise Cascade in the fourth quarter worth $1,185,000. Institutional investors own 96.18% of the company’s stock.

About Boise Cascade

Boise Cascade Company engages in manufacture of wood products and distribution of building materials in the United States and Canada. It operates through two segments, Wood Products and Building Materials Distribution. The Wood Products segment manufactures laminated veneer lumber and laminated beams used in headers and beams; I-joists for residential and commercial flooring and roofing systems, and other structural applications; structural, appearance, and industrial plywood panels; and ponderosa pine shop lumber and appearance grade boards.