SkyOak Wealth LLC Purchases Shares of 2,041 Boise Cascade (NYSE:BCC)

SkyOak Wealth LLC purchased a new stake in Boise Cascade (NYSE:BCC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,041 shares of the construction company’s stock, valued at approximately $243,000.

Other hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. acquired a new stake in Boise Cascade during the 3rd quarter valued at approximately $28,000. R Squared Ltd acquired a new stake in shares of Boise Cascade during the fourth quarter worth $29,000. Larson Financial Group LLC raised its stake in Boise Cascade by 23.9% during the third quarter. Larson Financial Group LLC now owns 378 shares of the construction company’s stock worth $53,000 after buying an additional 73 shares during the last quarter. CWM LLC lifted its holdings in Boise Cascade by 26.5% in the third quarter. CWM LLC now owns 673 shares of the construction company’s stock valued at $95,000 after buying an additional 141 shares during the period. Finally, Covestor Ltd boosted its position in Boise Cascade by 50.1% during the third quarter. Covestor Ltd now owns 689 shares of the construction company’s stock valued at $97,000 after acquiring an additional 230 shares during the last quarter. 96.18% of the stock is currently owned by institutional investors.

Boise Cascade Trading Down 1.8 %

NYSE BCC opened at $126.36 on Monday. The company has a quick ratio of 1.90, a current ratio of 3.13 and a debt-to-equity ratio of 0.22. Boise Cascade has a 52 week low of $113.38 and a 52 week high of $155.42. The business has a 50 day moving average price of $130.39 and a 200-day moving average price of $133.63. The company has a market cap of $4.85 billion, a price-to-earnings ratio of 12.36 and a beta of 1.58.

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

Analyst Ratings Changes

BCC has been the subject of several research analyst reports. StockNews.com lowered Boise Cascade from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. BMO Capital Markets boosted their price target on Boise Cascade from $130.00 to $136.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Loop Capital assumed coverage on Boise Cascade in a report on Friday, November 1st. They set a “buy” rating and a $155.00 price target on the stock. Truist Financial lowered their price objective on shares of Boise Cascade from $161.00 to $157.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Finally, The Goldman Sachs Group cut their target price on shares of Boise Cascade from $145.00 to $126.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $139.60.

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.