28,051 Shares in Boise Cascade (NYSE:BCC) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in shares of Boise Cascade (NYSE:BCC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 28,051 shares of the construction company’s stock, valued at approximately $3,334,000. Proficio Capital Partners LLC owned approximately 0.07% of Boise Cascade as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Harbor Capital Advisors Inc. acquired a new position in shares of Boise Cascade during the 3rd quarter worth about $28,000. R Squared Ltd acquired a new position in shares of Boise Cascade during the fourth quarter valued at approximately $29,000. Larson Financial Group LLC lifted its position in shares of Boise Cascade by 23.9% in the third quarter. Larson Financial Group LLC now owns 378 shares of the construction company’s stock valued at $53,000 after acquiring an additional 73 shares in the last quarter. Principal Securities Inc. boosted its stake in shares of Boise Cascade by 44.2% in the fourth quarter. Principal Securities Inc. now owns 473 shares of the construction company’s stock worth $56,000 after acquiring an additional 145 shares during the last quarter. Finally, Covestor Ltd increased its position in shares of Boise Cascade by 50.1% during the third quarter. Covestor Ltd now owns 689 shares of the construction company’s stock worth $97,000 after purchasing an additional 230 shares in the last quarter. Institutional investors and hedge funds own 96.18% of the company’s stock.

Boise Cascade Price Performance

Shares of BCC stock opened at $98.20 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.34 and a quick ratio of 1.92. The company has a market capitalization of $3.73 billion, a PE ratio of 10.27 and a beta of 1.57. The firm’s 50-day moving average is $120.34 and its two-hundred day moving average is $131.36. Boise Cascade has a 12 month low of $97.21 and a 12 month high of $155.42.

Boise Cascade (NYSE:BCC) last released its quarterly earnings results on Thursday, February 20th. The construction company reported $1.78 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.01). The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Boise Cascade had a net margin of 5.60% and a return on equity of 17.04%. Analysts predict that Boise Cascade will post 10.15 earnings per share for the current year.

Boise Cascade Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Monday, February 24th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Monday, February 24th. Boise Cascade’s payout ratio is 8.79%.

Insider Activity at Boise Cascade

In other Boise Cascade news, Director Kristopher J. Matula sold 553 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $103.16, for a total transaction of $57,047.48. Following the completion of the transaction, the director now owns 13,099 shares of the company’s stock, valued at $1,351,292.84. This trade represents a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.98% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BCC shares. Benchmark restated a “hold” rating on shares of Boise Cascade in a report on Tuesday, February 25th. The Goldman Sachs Group decreased their price target 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. DA Davidson dropped their price objective on shares of Boise Cascade from $155.00 to $125.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Loop Capital cut their price objective on shares of Boise Cascade from $145.00 to $140.00 and set a “buy” rating for the company in a report on Monday, February 24th. Finally, Truist Financial lowered their target price on Boise Cascade from $157.00 to $134.00 and set a “buy” rating on the stock in a report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Boise Cascade has a consensus rating of “Hold” and an average target price of $128.50.

Boise Cascade Company 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.