Northwestern Mutual Wealth Management Co. Has $30.93 Million Position in Boise Cascade, L.L.C. $BCC

Northwestern Mutual Wealth Management Co. raised its stake in shares of Boise Cascade, L.L.C. (NYSE:BCC) by 214,282.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 420,189 shares of the construction company’s stock after buying an additional 419,993 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Boise Cascade were worth $30,926,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. First Eagle Investment Management LLC boosted its stake in shares of Boise Cascade by 30.8% during the 4th quarter. First Eagle Investment Management LLC now owns 140,496 shares of the construction company’s stock valued at $10,341,000 after buying an additional 33,044 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of Boise Cascade during the 4th quarter valued at $231,000. Fifth Third Bancorp boosted its stake in shares of Boise Cascade by 77.5% during the 4th quarter. Fifth Third Bancorp now owns 410 shares of the construction company’s stock valued at $30,000 after buying an additional 179 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in shares of Boise Cascade by 29.9% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 32,645 shares of the construction company’s stock valued at $2,403,000 after purchasing an additional 7,523 shares during the last quarter. Finally, ARGA Investment Management LP lifted its stake in shares of Boise Cascade by 22.4% in the 4th quarter. ARGA Investment Management LP now owns 23,739 shares of the construction company’s stock valued at $1,747,000 after purchasing an additional 4,350 shares during the last quarter. Institutional investors and hedge funds own 96.18% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BCC shares. DA Davidson reduced their price objective on shares of Boise Cascade from $95.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Wall Street Zen raised shares of Boise Cascade from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Zacks Research raised shares of Boise Cascade from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Truist Financial set a $97.00 price objective on shares of Boise Cascade in a research note on Wednesday, May 6th. Finally, The Goldman Sachs Group lifted their price objective on shares of Boise Cascade from $85.00 to $94.00 and gave the company a “neutral” rating in a research note on Wednesday, February 25th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Boise Cascade currently has a consensus rating of “Hold” and an average target price of $98.00.

Boise Cascade Stock Up 2.6%

BCC stock opened at $67.72 on Tuesday. The company has a current ratio of 2.77, a quick ratio of 1.37 and a debt-to-equity ratio of 0.24. Boise Cascade, L.L.C. has a 1 year low of $65.14 and a 1 year high of $95.00. The company has a fifty day simple moving average of $75.21 and a 200 day simple moving average of $76.98. The firm has a market cap of $2.38 billion, a PE ratio of 22.88, a PEG ratio of 0.99 and a beta of 1.15.

Boise Cascade (NYSE:BCC) last released its quarterly earnings data on Monday, May 4th. The construction company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.07. The business had revenue of $1.50 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.06 EPS. Sell-side analysts anticipate that Boise Cascade, L.L.C. will post 3.67 EPS for the current fiscal year.

Boise Cascade Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.88 dividend on an annualized basis and a yield of 1.3%. Boise Cascade’s payout ratio is currently 29.73%.

Insiders Place Their Bets

In other Boise Cascade news, SVP Jill Twedt sold 6,070 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $66.45, for a total transaction of $403,351.50. Following the completion of the transaction, the senior vice president owned 26,545 shares of the company’s stock, valued at $1,763,915.25. The trade was a 18.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.42% of the stock is currently owned by corporate insiders.

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.