Boise Cascade (NYSE:BCC) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its holdings in shares of Boise Cascade (NYSE:BCC) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,594,339 shares of the construction company’s stock after selling 86,105 shares during the quarter. Wellington Management Group LLP owned about 0.07% of Boise Cascade worth $308,363,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. R Squared Ltd acquired a new stake in shares of Boise Cascade during the 4th quarter worth about $29,000. Principal Securities Inc. boosted its stake in Boise Cascade by 44.2% during the fourth quarter. Principal Securities Inc. now owns 473 shares of the construction company’s stock worth $56,000 after buying an additional 145 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Boise Cascade by 254.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 777 shares of the construction company’s stock valued at $92,000 after acquiring an additional 558 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Boise Cascade by 234.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,270 shares of the construction company’s stock valued at $179,000 after acquiring an additional 890 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of Boise Cascade by 41.3% in the 4th quarter. KBC Group NV now owns 1,732 shares of the construction company’s stock valued at $206,000 after acquiring an additional 506 shares during the period. Hedge funds and other institutional investors own 96.18% of the company’s stock.

Boise Cascade Trading Up 0.6 %

BCC opened at $98.65 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 stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 10.32 and a beta of 1.67. The business has a fifty day moving average price of $111.07 and a 200 day moving average price of $126.93. Boise Cascade has a 12 month low of $95.30 and a 12 month high of $155.42.

Boise Cascade (NYSE:BCC) last announced its quarterly earnings data on Thursday, February 20th. The construction company reported $1.78 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.01). Boise Cascade had a return on equity of 17.04% and a net margin of 5.60%. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.57 billion. Sell-side analysts expect that Boise Cascade will post 10.15 earnings per share for the current fiscal year.

Boise Cascade Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Monday, February 24th were given a dividend of $0.21 per share. The ex-dividend date was Monday, February 24th. This represents a $0.84 annualized dividend and a dividend yield of 0.85%. Boise Cascade’s dividend payout ratio (DPR) is currently 8.79%.

Insider Transactions at Boise Cascade

In other news, COO Jeffrey Robert Strom sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $100.21, for a total transaction of $450,945.00. Following the sale, the chief operating officer now owns 38,026 shares of the company’s stock, valued at approximately $3,810,585.46. This trade represents a 10.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kristopher J. Matula sold 553 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $103.16, for a total value of $57,047.48. Following the completion of the transaction, the director now directly 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 disclosure for this sale can be found here. Corporate insiders own 0.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on BCC shares. Loop Capital lowered their price objective on shares of Boise Cascade from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Monday, February 24th. BMO Capital Markets dropped their price objective on Boise Cascade from $136.00 to $122.00 and set a “market perform” rating for the company in a research note on Tuesday, February 25th. Benchmark reissued a “hold” rating on shares of Boise Cascade in a research note on Tuesday, February 25th. Truist Financial lowered their target price on Boise Cascade from $157.00 to $134.00 and set a “buy” rating for the company in a report on Monday, February 24th. Finally, The Goldman Sachs Group cut 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Boise Cascade currently has an average rating of “Hold” and a consensus 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.