11,087 Shares in Boise Cascade (NYSE:BCC) Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new position in Boise Cascade (NYSE:BCC) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 11,087 shares of the construction company’s stock, valued at approximately $1,318,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Segall Bryant & Hamill LLC raised its holdings in shares of Boise Cascade by 2.0% during the third quarter. Segall Bryant & Hamill LLC now owns 14,254 shares of the construction company’s stock valued at $2,010,000 after purchasing an additional 285 shares during the last quarter. Jennison Associates LLC purchased a new stake in Boise Cascade during the 3rd quarter valued at $862,000. Intech Investment Management LLC lifted its holdings in shares of Boise Cascade by 98.3% during the 3rd quarter. Intech Investment Management LLC now owns 13,784 shares of the construction company’s stock valued at $1,943,000 after buying an additional 6,832 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Boise Cascade by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 437,509 shares of the construction company’s stock valued at $61,680,000 after buying an additional 9,128 shares during the period. Finally, Citigroup Inc. boosted its stake in shares of Boise Cascade by 49.0% in the 3rd quarter. Citigroup Inc. now owns 57,546 shares of the construction company’s stock worth $8,113,000 after buying an additional 18,933 shares during the last quarter. Institutional investors own 96.18% of the company’s stock.

Wall Street Analyst Weigh In

BCC has been the subject of a number of research reports. Benchmark reiterated a “hold” rating on shares of Boise Cascade in a research report on Tuesday, February 25th. BMO Capital Markets lowered their price objective on shares of Boise Cascade from $136.00 to $122.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 25th. DA Davidson cut their target price on shares of Boise Cascade from $155.00 to $125.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Loop Capital decreased their price target on shares of Boise Cascade from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Finally, Truist Financial dropped their price target on shares of Boise Cascade from $157.00 to $134.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $128.50.

Boise Cascade Stock Down 1.0 %

Shares of BCC stock opened at $99.46 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.34 and a quick ratio of 1.92. Boise Cascade has a one year low of $95.33 and a one year high of $155.42. The company’s fifty day moving average price is $114.75 and its 200-day moving average price is $128.13. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 10.40 and a beta of 1.67.

Boise Cascade (NYSE:BCC) last posted its quarterly earnings results on Thursday, February 20th. The construction company reported $1.78 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.01). Boise Cascade had a net margin of 5.60% and a return on equity of 17.04%. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.57 billion. Sell-side analysts expect that Boise Cascade will post 10.15 EPS for the current fiscal year.

Boise Cascade Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, February 24th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Monday, February 24th. Boise Cascade’s dividend payout ratio (DPR) is currently 8.79%.

Insider Activity

In related news, COO Jeffrey Robert Strom sold 4,500 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $100.21, for a total transaction of $450,945.00. Following the completion of the transaction, the chief operating officer now directly owns 38,026 shares of the company’s stock, valued at approximately $3,810,585.46. This trade represents a 10.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kristopher J. Matula sold 553 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $103.16, for a total transaction of $57,047.48. Following the completion of the sale, the director now owns 13,099 shares in the company, valued at approximately $1,351,292.84. The trade was a 4.05 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.98% 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.