Bridge City Capital LLC Has $2.56 Million Holdings in Boise Cascade (NYSE:BCC)

Bridge City Capital LLC grew its position in shares of Boise Cascade (NYSE:BCC) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,528 shares of the construction company’s stock after acquiring an additional 192 shares during the quarter. Bridge City Capital LLC owned about 0.06% of Boise Cascade worth $2,559,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in BCC. Segall Bryant & Hamill LLC raised its stake in Boise Cascade by 2.0% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 14,254 shares of the construction company’s stock valued at $2,010,000 after acquiring an additional 285 shares during the period. Jennison Associates LLC purchased a new stake in shares of Boise Cascade in the 3rd quarter valued at $862,000. Intech Investment Management LLC grew its holdings in shares of Boise Cascade by 98.3% during the 3rd quarter. Intech Investment Management LLC now owns 13,784 shares of the construction company’s stock valued at $1,943,000 after purchasing an additional 6,832 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Boise Cascade by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 437,509 shares of the construction company’s stock worth $61,680,000 after purchasing an additional 9,128 shares during the period. Finally, Citigroup Inc. lifted its stake in Boise Cascade by 49.0% in the third quarter. Citigroup Inc. now owns 57,546 shares of the construction company’s stock worth $8,113,000 after purchasing an additional 18,933 shares during the last quarter. Institutional investors own 96.18% of the company’s stock.

Insider Transactions at Boise Cascade

In other Boise Cascade news, COO Jeffrey Robert Strom sold 4,500 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were 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 in the company, valued at approximately $3,810,585.46. The trade was a 10.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kristopher J. Matula sold 553 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was 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 owns 13,099 shares in the company, valued at approximately $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. Company insiders own 0.98% of the company’s stock.

Analyst Ratings Changes

BCC has been the topic of several analyst reports. BMO Capital Markets decreased their price objective on Boise Cascade from $136.00 to $122.00 and set a “market perform” rating on the stock in a report on Tuesday, February 25th. Loop Capital dropped their price objective on Boise Cascade from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Benchmark reaffirmed a “hold” rating on shares of Boise Cascade in a research note on Tuesday, February 25th. DA Davidson dropped their price target on shares of Boise Cascade from $155.00 to $125.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Finally, Truist Financial lowered their price objective on shares of Boise Cascade from $157.00 to $134.00 and set a “buy” rating for the company in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $128.50.

Boise Cascade Stock Performance

Shares of Boise Cascade stock opened at $99.46 on Friday. Boise Cascade has a 12 month low of $95.33 and a 12 month high of $155.42. The firm has a market capitalization of $3.77 billion, a P/E ratio of 10.40 and a beta of 1.67. The company has a current ratio of 3.34, a quick ratio of 1.92 and a debt-to-equity ratio of 0.22. The business has a fifty day simple moving average of $114.75 and a two-hundred day simple moving average of $128.15.

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

Boise Cascade Dividend Announcement

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

Boise Cascade 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.