Boise Cascade, L.L.C. $BCC Shares Acquired by First Eagle Investment Management LLC

First Eagle Investment Management LLC lifted its stake in Boise Cascade, L.L.C. (NYSE:BCC) by 68.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 77,253 shares of the construction company’s stock after buying an additional 31,400 shares during the quarter. First Eagle Investment Management LLC owned approximately 0.21% of Boise Cascade worth $6,707,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in Boise Cascade by 120.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 406 shares of the construction company’s stock valued at $40,000 after acquiring an additional 222 shares during the period. Huntington National Bank increased its holdings in shares of Boise Cascade by 630.0% during the 2nd quarter. Huntington National Bank now owns 438 shares of the construction company’s stock valued at $38,000 after purchasing an additional 378 shares in the last quarter. RMG Wealth Management LLC acquired a new position in shares of Boise Cascade in the 2nd quarter valued at $42,000. Blue Trust Inc. lifted its stake in shares of Boise Cascade by 28.6% in the 2nd quarter. Blue Trust Inc. now owns 1,181 shares of the construction company’s stock valued at $103,000 after purchasing an additional 263 shares during the period. Finally, Magnetar Financial LLC purchased a new stake in Boise Cascade during the first quarter worth $206,000. 96.18% of the stock is currently owned by hedge funds and other institutional investors.

Boise Cascade Stock Down 0.3%

BCC stock opened at $70.54 on Friday. Boise Cascade, L.L.C. has a 52 week low of $65.62 and a 52 week high of $155.42. The company has a quick ratio of 1.54, a current ratio of 3.10 and a debt-to-equity ratio of 0.22. The firm has a 50-day simple moving average of $77.09 and a 200-day simple moving average of $84.42. The stock has a market capitalization of $2.61 billion, a P/E ratio of 13.94, a P/E/G ratio of 5.85 and a beta of 1.27.

Boise Cascade (NYSE:BCC) last posted its quarterly earnings data on Monday, November 3rd. The construction company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. Boise Cascade had a return on equity of 9.00% and a net margin of 2.96%.The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the firm posted $2.33 EPS. Boise Cascade’s revenue was down 2.7% compared to the same quarter last year. Equities analysts forecast that Boise Cascade, L.L.C. will post 10.15 earnings per share for the current fiscal year.

Boise Cascade Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Monday, December 1st will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.2%. Boise Cascade’s payout ratio is currently 17.39%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. The Goldman Sachs Group cut their price objective on shares of Boise Cascade from $96.00 to $82.00 and set a “neutral” rating for the company in a report on Monday, October 13th. BMO Capital Markets upgraded Boise Cascade from a “market perform” rating to an “outperform” rating and set a $100.00 target price on the stock in a research report on Wednesday. Weiss Ratings restated a “hold (c-)” rating on shares of Boise Cascade in a research note on Wednesday, October 8th. DA Davidson lowered their price target on Boise Cascade from $100.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Finally, Wall Street Zen lowered Boise Cascade from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.50.

Insider Activity

In related news, COO Jeffrey Robert Strom sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $91.06, for a total transaction of $91,060.00. Following the completion of the sale, the chief operating officer directly owned 37,026 shares in the company, valued at approximately $3,371,587.56. The trade was a 2.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.98% of the stock is owned by corporate insiders.

Boise Cascade Company Profile

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.