Leuthold Group LLC Has $3.42 Million Stock Holdings in Boise Cascade (NYSE:BCC)

Leuthold Group LLC lowered its holdings in Boise Cascade (NYSE:BCC) by 2.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,286 shares of the construction company’s stock after selling 588 shares during the quarter. Leuthold Group LLC owned 0.06% of Boise Cascade worth $3,424,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in BCC. Measured Wealth Private Client Group LLC increased its position in Boise Cascade by 1.8% during the first quarter. Measured Wealth Private Client Group LLC now owns 5,273 shares of the construction company’s stock worth $809,000 after acquiring an additional 95 shares during the period. Monument Capital Management bought a new position in shares of Boise Cascade during the 1st quarter worth about $234,000. United Capital Management of KS Inc. raised its position in shares of Boise Cascade by 3.8% during the first quarter. United Capital Management of KS Inc. now owns 27,798 shares of the construction company’s stock valued at $4,263,000 after buying an additional 1,014 shares during the last quarter. First Trust Direct Indexing L.P. bought a new stake in shares of Boise Cascade in the first quarter valued at about $204,000. Finally, Van ECK Associates Corp grew its position in Boise Cascade by 25.7% during the first quarter. Van ECK Associates Corp now owns 15,758 shares of the construction company’s stock worth $2,417,000 after buying an additional 3,226 shares in the last quarter. 96.18% of the stock is owned by institutional investors.

Boise Cascade Stock Performance

Shares of NYSE:BCC opened at $135.38 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.28 and a quick ratio of 2.08. The business’s fifty day moving average price is $135.76 and its two-hundred day moving average price is $132.87. Boise Cascade has a fifty-two week low of $87.32 and a fifty-two week high of $154.67. The stock has a market capitalization of $5.34 billion, a price-to-earnings ratio of 11.01 and a beta of 1.52.

Boise Cascade (NYSE:BCC) last announced its earnings results on Monday, August 5th. The construction company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.16. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Boise Cascade had a net margin of 6.60% and a return on equity of 20.17%. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the company posted $3.67 EPS. As a group, analysts predict that Boise Cascade will post 9.71 EPS for the current fiscal year.

Boise Cascade Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were issued a $0.21 dividend. This is an increase from Boise Cascade’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Tuesday, September 3rd. Boise Cascade’s payout ratio is presently 6.83%.

Wall Street Analyst Weigh In

Several equities analysts have commented on BCC shares. The Goldman Sachs Group cut their price target on Boise Cascade from $140.00 to $122.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Truist Financial upped their target price on Boise Cascade from $154.00 to $161.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Bank of America lifted their price target on shares of Boise Cascade from $120.00 to $124.00 and gave the stock an “underperform” rating in a research note on Thursday, September 12th. BMO Capital Markets increased their price objective on shares of Boise Cascade from $130.00 to $136.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Finally, StockNews.com upgraded shares of Boise Cascade from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Boise Cascade currently has a consensus rating of “Hold” and a consensus target price of $135.75.

About Boise Cascade

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.