Zurcher Kantonalbank Zurich Cantonalbank Purchases 188 Shares of Boise Cascade (NYSE:BCC)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Boise Cascade (NYSE:BCC) by 2.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,429 shares of the construction company’s stock after purchasing an additional 188 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Boise Cascade were worth $1,220,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System boosted its position in shares of Boise Cascade by 0.4% in the fourth quarter. New York State Teachers Retirement System now owns 30,844 shares of the construction company’s stock valued at $3,990,000 after acquiring an additional 108 shares during the period. Arizona State Retirement System grew its position in shares of Boise Cascade by 1.3% during the 3rd quarter. Arizona State Retirement System now owns 11,272 shares of the construction company’s stock worth $1,161,000 after purchasing an additional 145 shares in the last quarter. Hexagon Capital Partners LLC increased its holdings in shares of Boise Cascade by 76.0% during the third quarter. Hexagon Capital Partners LLC now owns 433 shares of the construction company’s stock worth $45,000 after purchasing an additional 187 shares during the period. Global Retirement Partners LLC raised its position in shares of Boise Cascade by 1,147.1% in the fourth quarter. Global Retirement Partners LLC now owns 212 shares of the construction company’s stock valued at $28,000 after buying an additional 195 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Boise Cascade by 58.1% in the fourth quarter. Blue Trust Inc. now owns 544 shares of the construction company’s stock valued at $70,000 after buying an additional 200 shares during the period. 96.18% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on BCC. StockNews.com lowered Boise Cascade from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. The Goldman Sachs Group upped their price objective on shares of Boise Cascade from $114.00 to $129.00 and gave the stock a “neutral” rating in a research report on Thursday, January 11th. Finally, Truist Financial increased their price target on shares of Boise Cascade from $156.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Boise Cascade currently has an average rating of “Hold” and a consensus target price of $125.00.

Insider Activity

In other news, EVP Dean Michael Brown sold 11,117 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $139.09, for a total transaction of $1,546,263.53. Following the completion of the transaction, the executive vice president now directly owns 40,237 shares in the company, valued at $5,596,564.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.98% of the company’s stock.

Boise Cascade Trading Up 0.7 %

Shares of Boise Cascade stock opened at $139.42 on Friday. The firm has a market capitalization of $5.52 billion, a PE ratio of 11.50 and a beta of 1.60. The company has a current ratio of 3.46, a quick ratio of 2.26 and a debt-to-equity ratio of 0.22. The firm’s 50 day moving average is $139.89 and its 200 day moving average is $125.35. Boise Cascade has a 1 year low of $64.56 and a 1 year high of $154.67.

Boise Cascade (NYSE:BCC) last issued its quarterly earnings data on Wednesday, February 21st. The construction company reported $2.44 earnings per share for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.01). The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.64 billion. Boise Cascade had a return on equity of 21.94% and a net margin of 7.07%. The company’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.95 EPS. Equities research analysts forecast that Boise Cascade will post 11.5 earnings per share for the current fiscal year.

Boise Cascade Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 0.57%. Boise Cascade’s dividend payout ratio (DPR) is presently 6.60%.

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.