Boise Cascade (NYSE:BCC) Shares Sold by Sei Investments Co.

Sei Investments Co. cut its position in shares of Boise Cascade (NYSE:BCC) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 121,395 shares of the construction company’s stock after selling 8,384 shares during the quarter. Sei Investments Co.’s holdings in Boise Cascade were worth $14,429,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in shares of 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 valued at $61,680,000 after buying an additional 9,128 shares in the last quarter. Citigroup Inc. increased its holdings in Boise Cascade by 49.0% during the 3rd quarter. Citigroup Inc. now owns 57,546 shares of the construction company’s stock valued at $8,113,000 after acquiring an additional 18,933 shares in the last quarter. Cerity Partners LLC raised its position in Boise Cascade by 34.5% during the third quarter. Cerity Partners LLC now owns 3,897 shares of the construction company’s stock worth $549,000 after acquiring an additional 999 shares during the last quarter. Larson Financial Group LLC lifted its holdings 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 purchasing an additional 73 shares in the last quarter. Finally, Bank of Montreal Can grew its position in shares of Boise Cascade by 1,597.4% in the third quarter. Bank of Montreal Can now owns 126,559 shares of the construction company’s stock valued at $17,907,000 after purchasing an additional 119,103 shares during the last quarter. 96.18% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on BCC. The Goldman Sachs Group cut their price objective on Boise Cascade from $145.00 to $126.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. BMO Capital Markets reduced their price objective on Boise Cascade from $136.00 to $122.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 25th. Truist Financial decreased their price objective on Boise Cascade from $157.00 to $134.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Loop Capital cut their target price on shares of Boise Cascade from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Finally, DA Davidson decreased their price target on shares of Boise Cascade from $155.00 to $125.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Boise Cascade has a consensus rating of “Hold” and an average price target of $128.50.

Boise Cascade Stock Down 2.1 %

BCC opened at $98.28 on Friday. Boise Cascade has a 12 month low of $95.33 and a 12 month high of $155.42. The business has a 50-day moving average of $112.29 and a two-hundred day moving average of $127.32. 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 stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 10.28 and a beta of 1.67.

Boise Cascade (NYSE:BCC) last issued 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 company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.57 billion. Boise Cascade had a return on equity of 17.04% and a net margin of 5.60%. On average, research analysts expect that Boise Cascade will post 10.15 earnings per share for the current year.

Boise Cascade Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, February 24th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Monday, February 24th. Boise Cascade’s payout ratio is currently 8.79%.

Insider Buying and Selling at Boise Cascade

In other Boise Cascade news, Director Kristopher J. Matula sold 553 shares of Boise Cascade stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $103.16, for a total transaction of $57,047.48. Following the transaction, the director now directly owns 13,099 shares of the company’s stock, valued at $1,351,292.84. The trade was a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey Robert Strom sold 4,500 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $100.21, for a total transaction of $450,945.00. Following the completion of the sale, the chief operating officer now directly owns 38,026 shares of the company’s stock, valued at $3,810,585.46. The trade was a 10.58 % decrease in their position. The disclosure for this sale can be found here. 0.98% of the stock is owned by company insiders.

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.