Boise Cascade (NYSE:BCC) Director Kristopher Matula Sells 1,930 Shares

Boise Cascade, L.L.C. (NYSE:BCC) Director Kristopher Matula sold 1,930 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total transaction of $163,239.40. Following the transaction, the director directly owned 13,982 shares of the company’s stock, valued at $1,182,597.56. This trade represents a 12.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Boise Cascade Stock Performance

NYSE BCC opened at $84.18 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.71 and a quick ratio of 1.37. The stock has a market capitalization of $2.94 billion, a PE ratio of 28.53, a P/E/G ratio of 1.17 and a beta of 1.10. Boise Cascade, L.L.C. has a 1-year low of $65.00 and a 1-year high of $91.97. The business has a 50 day simple moving average of $75.01 and a two-hundred day simple moving average of $76.91.

Boise Cascade (NYSE:BCC) last released its quarterly earnings results on Monday, August 3rd. The construction company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.23 by $0.40. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.77 billion. Boise Cascade had a return on equity of 5.41% and a net margin of 1.64%.The firm’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $1.64 earnings per share. On average, research analysts predict that Boise Cascade, L.L.C. will post 3.85 EPS for the current fiscal year.

Boise Cascade Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Tuesday, September 1st will be given a $0.23 dividend. This is a positive change from Boise Cascade’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.92 annualized dividend and a yield of 1.1%. Boise Cascade’s dividend payout ratio is presently 31.19%.

Boise Cascade News Roundup

Here are the key news stories impacting Boise Cascade this week:

• Positive Sentiment: DA Davidson raised its price target on Boise Cascade from $92 to $99 and maintained a “buy” rating, implying roughly 17.6% upside from the referenced share price. Benzinga analyst price target report
• Positive Sentiment: Goldman Sachs increased its price target from $81 to $91. Although the firm kept a “neutral” rating, the higher target reflects improved valuation expectations. Benzinga analyst price target report
• Positive Sentiment: Zacks highlighted BCC among financially solid companies viewed as potential dividend-hike candidates, which may appeal to investors seeking income and stability. Zacks dividend hike article
• Neutral Sentiment: Additional Zacks coverage described Boise Cascade as a strong momentum stock and an attractively valued company with revenue potential, but these are screening-based views rather than new corporate developments. Zacks Boise Cascade momentum article
• Negative Sentiment: Director Kristopher J. Matula sold 1,930 shares for approximately $163,239, reducing his position by 12.13%. While one insider sale does not establish a broader trend, it can create modest short-term pressure on investor sentiment. SEC insider transaction filing

Institutional Trading of Boise Cascade

A number of institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp acquired a new position in Boise Cascade during the 2nd quarter valued at approximately $18,194,000. State of Wyoming acquired a new stake in shares of Boise Cascade during the second quarter worth $283,000. GSA Capital Partners LLP purchased a new stake in shares of Boise Cascade during the second quarter valued at $453,000. ARGA Investment Management LP grew its holdings in shares of Boise Cascade by 8.0% during the second quarter. ARGA Investment Management LP now owns 27,231 shares of the construction company’s stock valued at $2,114,000 after buying an additional 2,019 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its position in shares of Boise Cascade by 22.2% in the 2nd quarter. Pictet Asset Management Holding SA now owns 117,675 shares of the construction company’s stock valued at $9,135,000 after acquiring an additional 21,362 shares during the period. 96.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on BCC shares. Bank of America upped their price objective on shares of Boise Cascade from $80.00 to $81.00 and gave the stock an “underperform” rating in a research note on Tuesday, July 14th. Truist Financial set a $97.00 price target on Boise Cascade in a research report on Wednesday, May 6th. The Goldman Sachs Group increased their price objective on Boise Cascade from $81.00 to $91.00 and gave the company a “neutral” rating in a report on Wednesday. Weiss Ratings cut Boise Cascade from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. Finally, Zacks Research upgraded Boise Cascade from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $93.60.

Boise Cascade Company Profile

Boise Cascade Company operates as a leading manufacturer and distributor of wood products and building materials in North America. The company’s operations are organized into two primary segments: wood products manufacturing and building materials distribution. In its manufacturing segment, Boise Cascade produces a wide array of engineered wood products, including plywood, oriented strand board (OSB), lumber, particleboard and laminated veneer lumber (LVL), serving residential, commercial and industrial customers.

In its distribution segment, Boise Cascade sources and delivers building materials through an extensive network of distribution centers, servicing professional builders, remodelers, contractors and industrial customers.