Boise Cascade (NYSE:BCC) Director Sells $57,047.48 in Stock

Boise Cascade (NYSE:BCC) 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 completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Boise Cascade Stock Performance

Shares of NYSE BCC traded down $2.40 during trading hours on Wednesday, hitting $104.03. 457,734 shares of the company’s stock were exchanged, compared to its average volume of 318,520. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of 10.88 and a beta of 1.57. The company’s 50-day moving average price is $121.97 and its 200-day moving average price is $132.03. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.34 and a quick ratio of 1.92. Boise Cascade has a 1-year low of $102.27 and a 1-year high of $155.42.

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 analysts’ consensus estimates of $1.79 by ($0.01). The business 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, sell-side analysts expect that Boise Cascade will post 10.15 earnings per share for the current fiscal year.

Boise Cascade Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Monday, February 24th will be given a $0.21 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.84 annualized dividend and a yield of 0.81%. Boise Cascade’s dividend payout ratio is 8.79%.

Wall Street Analyst Weigh In

BCC has been the subject of several analyst reports. Benchmark reaffirmed a “hold” rating on shares of Boise Cascade in a research note on Tuesday. The Goldman Sachs Group cut their target price on Boise Cascade from $145.00 to $126.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. StockNews.com lowered Boise Cascade from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Loop Capital reduced their target price on Boise Cascade from $145.00 to $140.00 and set a “buy” rating for the company in a report on Monday. Finally, DA Davidson lowered their price target on Boise Cascade from $155.00 to $125.00 and set a “buy” rating on the stock in a report on Monday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $128.50.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Mackenzie Financial Corp grew its position in Boise Cascade by 263.7% during the fourth quarter. Mackenzie Financial Corp now owns 19,142 shares of the construction company’s stock worth $2,275,000 after buying an additional 13,879 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Boise Cascade by 3.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 50,833 shares of the construction company’s stock worth $6,042,000 after acquiring an additional 1,471 shares during the period. Vise Technologies Inc. lifted its position in shares of Boise Cascade by 3.4% in the 4th quarter. Vise Technologies Inc. now owns 3,021 shares of the construction company’s stock worth $359,000 after acquiring an additional 100 shares during the period. Voloridge Investment Management LLC grew its holdings in shares of Boise Cascade by 80.9% during the 4th quarter. Voloridge Investment Management LLC now owns 15,702 shares of the construction company’s stock worth $1,866,000 after purchasing an additional 7,021 shares in the last quarter. Finally, Westwood Holdings Group Inc. raised its stake in shares of Boise Cascade by 3.9% in the fourth quarter. Westwood Holdings Group Inc. now owns 1,192,621 shares of the construction company’s stock valued at $141,755,000 after purchasing an additional 45,010 shares in the last quarter. Institutional investors and hedge funds own 96.18% of the company’s stock.

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.