2,428 Shares in Boise Cascade (NYSE:BCC) Acquired by Retireful LLC

Retireful LLC bought a new stake in shares of Boise Cascade (NYSE:BCC) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 2,428 shares of the construction company’s stock, valued at approximately $289,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BCC. Tidal Investments LLC grew its position in shares of Boise Cascade by 341.9% during the 3rd quarter. Tidal Investments LLC now owns 15,808 shares of the construction company’s stock valued at $2,229,000 after acquiring an additional 12,231 shares during the period. Algert Global LLC grew its holdings in Boise Cascade by 8.3% during the second quarter. Algert Global LLC now owns 79,277 shares of the construction company’s stock valued at $9,451,000 after purchasing an additional 6,059 shares during the period. Charles Schwab Investment Management Inc. increased its position in Boise Cascade by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 437,509 shares of the construction company’s stock worth $61,680,000 after buying an additional 9,128 shares in the last quarter. Seven Eight Capital LP raised its stake in shares of Boise Cascade by 31.6% in the second quarter. Seven Eight Capital LP now owns 17,896 shares of the construction company’s stock worth $2,134,000 after buying an additional 4,300 shares during the period. Finally, Fulcrum Capital LLC purchased a new position in shares of Boise Cascade during the 4th quarter valued at about $1,092,000. 96.18% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. The Goldman Sachs Group lowered their price target on shares of Boise Cascade from $145.00 to $126.00 and set a “neutral” rating on the stock in a report on Tuesday. Loop Capital started coverage on shares of Boise Cascade in a research note on Friday, November 1st. They set a “buy” rating and a $155.00 target price on the stock. Truist Financial dropped their target price on shares of Boise Cascade from $161.00 to $157.00 and set a “buy” rating for the company in a report on Monday, January 6th. StockNews.com cut Boise Cascade from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, BMO Capital Markets boosted their price objective on Boise Cascade from $130.00 to $136.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $139.60.

Boise Cascade Stock Up 1.0 %

NYSE BCC opened at $128.49 on Friday. The stock has a 50 day moving average price of $133.28 and a 200-day moving average price of $132.96. Boise Cascade has a one year low of $113.38 and a one year high of $155.42. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 3.13. The company has a market capitalization of $4.93 billion, a P/E ratio of 12.57 and a beta of 1.58.

Boise Cascade (NYSE:BCC) last issued its quarterly earnings data on Monday, November 4th. The construction company reported $2.33 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.04). The business had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Boise Cascade had a return on equity of 18.24% and a net margin of 5.95%. The business’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $3.58 earnings per share. As a group, equities analysts predict that Boise Cascade will post 9.6 EPS for the current fiscal year.

Boise Cascade Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.21 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.84 annualized dividend and a yield of 0.65%. Boise Cascade’s payout ratio is currently 8.22%.

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.