Boise Cascade, L.L.C. $BCC Shares Bought by AlphaQuest LLC

AlphaQuest LLC lifted its position in Boise Cascade, L.L.C. (NYSE:BCC) by 25.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,495 shares of the construction company’s stock after buying an additional 3,123 shares during the period. AlphaQuest LLC’s holdings in Boise Cascade were worth $1,345,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of BCC. Northwestern Mutual Wealth Management Co. raised its position in shares of Boise Cascade by 120.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 406 shares of the construction company’s stock worth $40,000 after purchasing an additional 222 shares during the period. RMG Wealth Management LLC acquired a new position in Boise Cascade during the second quarter valued at $42,000. Blue Trust Inc. raised its position in Boise Cascade by 28.6% during the second quarter. Blue Trust Inc. now owns 1,181 shares of the construction company’s stock valued at $103,000 after buying an additional 263 shares during the period. GAMMA Investing LLC raised its position in Boise Cascade by 60.6% during the first quarter. GAMMA Investing LLC now owns 1,458 shares of the construction company’s stock valued at $143,000 after buying an additional 550 shares during the period. Finally, U S Global Investors Inc. acquired a new position in Boise Cascade during the first quarter valued at $147,000. Institutional investors own 96.18% of the company’s stock.

Insider Transactions at Boise Cascade

In other news, EVP Troy Little sold 2,033 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $83.10, for a total value of $168,942.30. Following the completion of the transaction, the executive vice president directly owned 12,701 shares of the company’s stock, valued at approximately $1,055,453.10. This represents a 13.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jill Twedt sold 1,782 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $83.97, for a total value of $149,634.54. Following the completion of the transaction, the senior vice president directly owned 32,867 shares of the company’s stock, valued at approximately $2,759,841.99. The trade was a 5.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,815 shares of company stock valued at $409,637. Corporate insiders own 0.98% of the company’s stock.

Boise Cascade Price Performance

Shares of NYSE:BCC opened at $73.13 on Friday. The business has a 50 day moving average price of $80.43 and a 200 day moving average price of $86.11. The company has a quick ratio of 1.54, a current ratio of 2.96 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 10.74, a PEG ratio of 5.50 and a beta of 1.27. Boise Cascade, L.L.C. has a twelve month low of $70.00 and a twelve month high of $155.42.

Boise Cascade (NYSE:BCC) last posted its quarterly earnings results on Monday, August 4th. The construction company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.69 by ($0.05). The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.76 billion. Boise Cascade had a net margin of 4.00% and a return on equity of 12.26%. The company’s revenue was down 3.2% on a year-over-year basis. During the same period last year, the company earned $2.84 EPS. Research analysts predict that Boise Cascade, L.L.C. will post 10.15 earnings per share for the current year.

Boise Cascade Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were issued a $0.22 dividend. This is a positive change from Boise Cascade’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.88 annualized dividend and a yield of 1.2%. Boise Cascade’s payout ratio is currently 12.92%.

Analyst Ratings Changes

BCC has been the topic of a number of recent research reports. DA Davidson lowered their target price on Boise Cascade from $100.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday. BMO Capital Markets restated a “market perform” rating and issued a $100.00 target price on shares of Boise Cascade in a research note on Tuesday, September 16th. Weiss Ratings restated a “hold (c-)” rating on shares of Boise Cascade in a research note on Friday. Truist Financial lowered their target price on Boise Cascade from $101.00 to $96.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. Finally, The Goldman Sachs Group lowered their target price on Boise Cascade from $96.00 to $82.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $102.50.

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.