Healthcare of Ontario Pension Plan Trust Fund Sells 9,200 Shares of Boise Cascade, L.L.C. $BCC

Healthcare of Ontario Pension Plan Trust Fund lowered its stake in Boise Cascade, L.L.C. (NYSE:BCC) by 8.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 105,659 shares of the construction company’s stock after selling 9,200 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.30% of Boise Cascade worth $8,014,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of BCC. Royal Bank of Canada grew its stake in Boise Cascade by 4.0% in the first quarter. Royal Bank of Canada now owns 34,704 shares of the construction company’s stock valued at $3,404,000 after purchasing an additional 1,332 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Boise Cascade by 8.8% during the 1st quarter. AQR Capital Management LLC now owns 36,639 shares of the construction company’s stock worth $3,594,000 after purchasing an additional 2,966 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Boise Cascade by 1,638.4% during the 1st quarter. Jones Financial Companies Lllp now owns 4,120 shares of the construction company’s stock worth $404,000 after purchasing an additional 3,883 shares in the last quarter. United Services Automobile Association bought a new stake in shares of Boise Cascade during the 1st quarter worth approximately $258,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Boise Cascade by 2.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 203,631 shares of the construction company’s stock valued at $19,974,000 after buying an additional 3,978 shares during the last quarter. Institutional investors own 96.18% of the company’s stock.

Boise Cascade Stock Performance

NYSE BCC opened at $80.44 on Wednesday. The stock has a market cap of $2.83 billion, a PE ratio of 27.18, a P/E/G ratio of 1.08 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.37 and a current ratio of 2.77. The firm has a 50-day moving average of $73.21 and a 200-day moving average of $77.02. Boise Cascade, L.L.C. has a 52-week low of $65.00 and a 52-week high of $91.97.

Boise Cascade (NYSE:BCC) last announced its quarterly earnings results on Monday, May 4th. The construction company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.07. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. Boise Cascade had a net margin of 1.73% and a return on equity of 5.55%. Boise Cascade’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.06 EPS. On average, sell-side analysts anticipate that Boise Cascade, L.L.C. will post 3.83 EPS for the current year.

Boise Cascade Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st were given a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.88 annualized dividend and a dividend yield of 1.1%. Boise Cascade’s dividend payout ratio is presently 29.73%.

Insider Activity at Boise Cascade

In other news, SVP Jill Twedt sold 6,070 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $66.45, for a total transaction of $403,351.50. Following the transaction, the senior vice president owned 26,545 shares in the company, valued at approximately $1,763,915.25. This trade represents a 18.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BCC. Bank of America boosted their target price on shares of Boise Cascade from $80.00 to $81.00 and gave the stock an “underperform” rating in a report on Tuesday, July 14th. Truist Financial set a $97.00 price target on shares of Boise Cascade in a research note on Wednesday, May 6th. Weiss Ratings raised shares of Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. DA Davidson lowered their price objective on shares of Boise Cascade from $95.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Finally, Zacks Research raised shares of Boise Cascade from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, three have given 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 currently has a consensus rating of “Moderate Buy” and an average target price of $92.80.

About Boise Cascade

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.