Campbell & CO Investment Adviser LLC Has $2.37 Million Holdings in Boise Cascade, L.L.C. $BCC

Campbell & CO Investment Adviser LLC raised its stake in shares of Boise Cascade, L.L.C. (NYSE:BCC) by 6.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,344 shares of the construction company’s stock after purchasing an additional 1,591 shares during the period. Campbell & CO Investment Adviser LLC owned 0.07% of Boise Cascade worth $2,374,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Caxton Associates LLP acquired a new stake in shares of Boise Cascade during the first quarter worth approximately $1,402,000. Intech Investment Management LLC boosted its holdings in shares of Boise Cascade by 13.4% in the 1st quarter. Intech Investment Management LLC now owns 41,941 shares of the construction company’s stock worth $4,114,000 after acquiring an additional 4,963 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Boise Cascade by 12.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 39,811 shares of the construction company’s stock worth $3,456,000 after acquiring an additional 4,414 shares during the last quarter. Strs Ohio acquired a new stake in Boise Cascade during the 1st quarter valued at $1,069,000. Finally, Wedge Capital Management L L P NC raised its position in Boise Cascade by 12.8% in the 2nd quarter. Wedge Capital Management L L P NC now owns 132,641 shares of the construction company’s stock valued at $11,516,000 after purchasing an additional 15,003 shares during the last quarter. 96.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BCC. Truist Financial decreased their target price on Boise Cascade from $101.00 to $96.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. BMO Capital Markets upgraded shares of Boise Cascade from a “market perform” rating to an “outperform” rating and set a $100.00 price target on the stock in a research report on Wednesday. The Goldman Sachs Group lowered their price objective on shares of Boise Cascade from $96.00 to $82.00 and set a “neutral” rating for the company in a research report on Monday, October 13th. DA Davidson dropped their target price on shares of Boise Cascade from $100.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Finally, Wall Street Zen cut shares of Boise Cascade from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $102.50.

Insider Activity

In related news, COO Jeffrey Robert Strom sold 1,000 shares of Boise Cascade stock in a transaction 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 of the company’s stock, valued at $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 is available at this link. 1.11% of the stock is owned by corporate insiders.

Boise Cascade Stock Down 0.3%

Shares of NYSE BCC opened at $70.54 on Monday. Boise Cascade, L.L.C. has a 1 year low of $65.62 and a 1 year high of $155.42. The firm’s 50-day moving average is $77.09 and its 200-day moving average is $84.30. The company has a current ratio of 3.10, a quick ratio of 1.69 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $2.61 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 5.84 and a beta of 1.27.

Boise Cascade (NYSE:BCC) last posted its quarterly earnings results on Monday, November 3rd. The construction company reported $0.58 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.58. Boise Cascade had a net margin of 2.96% and a return on equity of 9.00%. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the firm posted $2.33 earnings per share. Boise Cascade’s revenue for the quarter was down 2.7% compared to the same quarter last year. Equities analysts expect that Boise Cascade, L.L.C. 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, 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 dividend payout ratio is 17.39%.

Boise Cascade 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.