O Shaughnessy Asset Management LLC cut its stake in Boise Cascade Co (NYSE:BCC) by 33.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 108,924 shares of the construction company’s stock after selling 54,144 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Boise Cascade were worth $2,599,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Trust Advisors LP grew its position in shares of Boise Cascade by 20.3% in the 3rd quarter. First Trust Advisors LP now owns 73,295 shares of the construction company’s stock worth $2,697,000 after buying an additional 12,348 shares during the period. Russell Investments Group Ltd. grew its position in Boise Cascade by 40.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 44,875 shares of the construction company’s stock valued at $1,659,000 after purchasing an additional 12,878 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in Boise Cascade during the 3rd quarter valued at about $2,388,000. State Board of Administration of Florida Retirement System grew its position in Boise Cascade by 11.6% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 46,488 shares of the construction company’s stock valued at $1,711,000 after purchasing an additional 4,819 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Boise Cascade by 27.3% during the 3rd quarter. Victory Capital Management Inc. now owns 12,058 shares of the construction company’s stock valued at $444,000 after acquiring an additional 2,586 shares during the period. 92.26% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:BCC opened at $27.93 on Tuesday. Boise Cascade Co has a twelve month low of $22.00 and a twelve month high of $49.30. The company has a current ratio of 2.36, a quick ratio of 1.17 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $1.15 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 1.99 and a beta of 1.91.
Boise Cascade (NYSE:BCC) last issued its quarterly earnings data on Tuesday, February 26th. The construction company reported ($1.85) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($1.84). Boise Cascade had a return on equity of 17.97% and a net margin of 2.23%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company earned $0.49 EPS. Boise Cascade’s revenue for the quarter was down 2.4% on a year-over-year basis. As a group, analysts expect that Boise Cascade Co will post 1.92 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Thursday, February 28th. Boise Cascade’s dividend payout ratio (DPR) is presently 15.72%.
BCC has been the topic of several research analyst reports. TheStreet cut shares of Boise Cascade from a “b-” rating to a “c+” rating in a research note on Wednesday, December 19th. DA Davidson lowered their target price on shares of Boise Cascade to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 7th. BMO Capital Markets restated a “hold” rating and set a $32.00 target price on shares of Boise Cascade in a research note on Wednesday, January 30th. Zacks Investment Research upgraded shares of Boise Cascade from a “sell” rating to a “hold” rating in a research note on Monday, December 31st. Finally, ValuEngine upgraded shares of Boise Cascade from a “strong sell” rating to a “sell” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $41.75.
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Boise Cascade Company Profile
Boise Cascade Company manufactures wood products and distributes building materials in the United States and Canada. It operates in 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 lumber, studs, and particleboards.
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