Leuthold Group LLC Sells 2,930 Shares of Boise Cascade (NYSE:BCC)

Leuthold Group LLC reduced its stake in shares of Boise Cascade (NYSE:BCC) by 12.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,356 shares of the construction company’s stock after selling 2,930 shares during the period. Leuthold Group LLC owned 0.06% of Boise Cascade worth $2,538,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Handelsbanken Fonder AB raised its position in shares of Boise Cascade by 19.4% during the fourth quarter. Handelsbanken Fonder AB now owns 8,000 shares of the construction company’s stock worth $951,000 after acquiring an additional 1,300 shares during the last quarter. Peregrine Capital Management LLC increased its position in Boise Cascade by 1.7% during the 4th quarter. Peregrine Capital Management LLC now owns 70,609 shares of the construction company’s stock valued at $8,393,000 after purchasing an additional 1,207 shares during the period. D.A. Davidson & CO. increased its position in Boise Cascade by 4.2% during the 4th quarter. D.A. Davidson & CO. now owns 3,267 shares of the construction company’s stock valued at $388,000 after purchasing an additional 133 shares during the period. CIBC Asset Management Inc bought a new position in Boise Cascade during the 4th quarter worth approximately $454,000. Finally, Sanctuary Advisors LLC lifted its position in shares of Boise Cascade by 5.2% in the 4th quarter. Sanctuary Advisors LLC now owns 7,298 shares of the construction company’s stock worth $939,000 after purchasing an additional 361 shares during the period. 96.18% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Loop Capital assumed 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 for the company. The Goldman Sachs Group decreased their price target on Boise Cascade from $145.00 to $126.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. StockNews.com downgraded Boise Cascade from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, Truist Financial decreased their target price on Boise Cascade from $161.00 to $157.00 and set a “buy” rating for the company in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $139.60.

Boise Cascade Price Performance

BCC stock opened at $106.98 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.13 and a quick ratio of 1.90. The company’s 50-day moving average is $123.15 and its 200-day moving average is $132.27. The stock has a market capitalization of $4.11 billion, a PE ratio of 10.47 and a beta of 1.57. Boise Cascade has a 1 year low of $103.57 and a 1 year high of $155.42.

Boise Cascade (NYSE:BCC) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $1.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.01). Boise Cascade had a return on equity of 18.24% and a net margin of 5.95%. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.57 billion. Equities research analysts expect that Boise Cascade will post 9.6 EPS for the current fiscal year.

Boise Cascade Announces Dividend

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. This represents a $0.84 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Monday, February 24th. 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.