LSV Asset Management Buys 158,363 Shares of Boise Cascade (NYSE:BCC)

LSV Asset Management raised its holdings in shares of Boise Cascade (NYSE:BCC) by 55.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 446,057 shares of the construction company’s stock after acquiring an additional 158,363 shares during the period. LSV Asset Management owned about 1.13% of Boise Cascade worth $57,702,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BCC. Global Retirement Partners LLC raised its position in Boise Cascade by 1,147.1% in the 4th quarter. Global Retirement Partners LLC now owns 212 shares of the construction company’s stock worth $28,000 after purchasing an additional 195 shares during the period. Blue Trust Inc. increased its holdings in shares of Boise Cascade by 58.1% in the fourth quarter. Blue Trust Inc. now owns 544 shares of the construction company’s stock worth $70,000 after buying an additional 200 shares during the period. GAMMA Investing LLC purchased a new position in shares of Boise Cascade in the fourth quarter worth about $80,000. Hexagon Capital Partners LLC lifted its stake in shares of Boise Cascade by 71.6% in the 4th quarter. Hexagon Capital Partners LLC now owns 743 shares of the construction company’s stock valued at $96,000 after acquiring an additional 310 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. grew its position in Boise Cascade by 4,706.9% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 1,394 shares of the construction company’s stock worth $144,000 after acquiring an additional 1,365 shares during the last quarter. 96.18% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Boise Cascade

In other news, EVP Dean Michael Brown sold 11,117 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $139.09, for a total transaction of $1,546,263.53. Following the completion of the transaction, the executive vice president now directly owns 40,237 shares in the company, valued at $5,596,564.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.98% of the stock is owned by company insiders.

Boise Cascade Stock Up 1.2 %

Shares of BCC stock traded up $1.57 during mid-day trading on Friday, reaching $136.05. 328,037 shares of the company’s stock traded hands, compared to its average volume of 308,373. The company has a quick ratio of 2.26, a current ratio of 3.46 and a debt-to-equity ratio of 0.22. The company’s 50-day moving average price is $140.20 and its 200-day moving average price is $127.19. The company has a market cap of $5.38 billion, a P/E ratio of 11.23 and a beta of 1.64. Boise Cascade has a 12 month low of $66.82 and a 12 month high of $154.67.

Boise Cascade (NYSE:BCC) last announced its quarterly earnings data on Wednesday, February 21st. The construction company reported $2.44 earnings per share for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.01). Boise Cascade had a return on equity of 21.94% and a net margin of 7.07%. The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the company posted $2.95 EPS. Boise Cascade’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, equities analysts expect that Boise Cascade will post 11.44 earnings per share for the current fiscal year.

Boise Cascade Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Monday, June 3rd. Boise Cascade’s dividend payout ratio (DPR) is presently 6.60%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of Boise Cascade from $114.00 to $129.00 and gave the company a “neutral” rating in a research report on Thursday, January 11th. StockNews.com cut shares of Boise Cascade from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Finally, Truist Financial raised their price objective on shares of Boise Cascade from $156.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $125.00.

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.