Peregrine Capital Management LLC Purchases 1,207 Shares of Boise Cascade (NYSE:BCC)

Peregrine Capital Management LLC raised its stake in shares of Boise Cascade (NYSE:BCC) by 1.7% during the fourth quarter, HoldingsChannel reports. The firm owned 70,609 shares of the construction company’s stock after buying an additional 1,207 shares during the quarter. Peregrine Capital Management LLC’s holdings in Boise Cascade were worth $8,393,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BCC. Harbor Capital Advisors Inc. purchased a new position in Boise Cascade during the 3rd quarter worth $28,000. R Squared Ltd bought a new stake in shares of Boise Cascade in the 4th quarter valued at about $29,000. Larson Financial Group LLC grew its holdings in Boise Cascade by 23.9% in the third quarter. Larson Financial Group LLC now owns 378 shares of the construction company’s stock worth $53,000 after purchasing an additional 73 shares during the last quarter. Principal Securities Inc. increased its position in Boise Cascade by 44.2% during the 4th quarter. Principal Securities Inc. now owns 473 shares of the construction company’s stock valued at $56,000 after buying an additional 145 shares in the last quarter. Finally, CWM LLC raised its position in shares of Boise Cascade by 26.5% in the 3rd quarter. CWM LLC now owns 673 shares of the construction company’s stock valued at $95,000 after purchasing an additional 141 shares during the last quarter. 96.18% of the stock is owned by hedge funds and other institutional investors.

Boise Cascade Stock Performance

Shares of BCC opened at $121.93 on Tuesday. 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 stock has a 50 day moving average price of $125.11 and a 200 day moving average price of $132.65. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 11.93 and a beta of 1.57.

Boise Cascade Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Monday, February 24th will be given a $0.21 dividend. The ex-dividend date is Monday, February 24th. This represents a $0.84 annualized dividend and a yield of 0.69%. Boise Cascade’s dividend payout ratio (DPR) is 8.22%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. BMO Capital Markets increased their price objective on Boise Cascade from $130.00 to $136.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group cut their price target on Boise Cascade from $145.00 to $126.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Loop Capital started coverage on shares of Boise Cascade in a report on Friday, November 1st. They set a “buy” rating and a $155.00 price objective on the stock. Truist Financial lowered their price target on Boise Cascade from $161.00 to $157.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, StockNews.com cut shares of Boise Cascade from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Boise Cascade has a consensus rating of “Hold” and an average price target 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.