Algert Global LLC Has $8.57 Million Holdings in Boise Cascade (NYSE:BCC)

Algert Global LLC boosted its position in Boise Cascade (NYSE:BCC - Free Report) by 55.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 72,132 shares of the construction company's stock after acquiring an additional 25,704 shares during the quarter. Algert Global LLC owned 0.19% of Boise Cascade worth $8,574,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Boise Cascade during the 4th quarter worth $55,680,000. First Trust Advisors LP boosted its position in shares of Boise Cascade by 37.9% in the fourth quarter. First Trust Advisors LP now owns 712,527 shares of the construction company's stock worth $84,691,000 after buying an additional 195,773 shares during the period. American Century Companies Inc. grew its stake in shares of Boise Cascade by 12.0% in the fourth quarter. American Century Companies Inc. now owns 1,134,364 shares of the construction company's stock valued at $134,831,000 after buying an additional 121,790 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Boise Cascade by 322.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 109,770 shares of the construction company's stock valued at $13,048,000 after buying an additional 83,776 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Boise Cascade by 17.8% during the 4th quarter. Northern Trust Corp now owns 483,165 shares of the construction company's stock valued at $57,429,000 after buying an additional 73,061 shares during the period. Hedge funds and other institutional investors own 96.18% of the company's stock.

Insider Transactions at Boise Cascade

In other news, 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 owns 38,026 shares in the company, valued at approximately $3,810,585.46. This 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 this hyperlink. Also, Director Kristopher J. Matula sold 553 shares of Boise Cascade stock in a transaction dated 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 directly owns 13,099 shares in the company, valued at $1,351,292.84. This represents a 4.05 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.11% of the company's stock.

Boise Cascade Stock Performance

Shares of BCC traded down $0.99 during trading hours on Friday, reaching $88.59. 278,111 shares of the company's stock traded hands, compared to its average volume of 329,144. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 9.27 and a beta of 1.43. The business's fifty day simple moving average is $95.99 and its two-hundred day simple moving average is $117.41. Boise Cascade has a twelve month low of $84.53 and a twelve month high of $155.42. 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 (NYSE:BCC - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The construction company reported $1.06 EPS for the quarter, missing analysts' consensus estimates of $1.36 by ($0.30). The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Boise Cascade had a return on equity of 17.04% and a net margin of 5.60%. The firm's quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.61 earnings per share. Analysts predict that Boise Cascade will post 10.15 earnings per share for the current year.

Boise Cascade Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Monday, June 2nd. Boise Cascade's dividend payout ratio (DPR) is presently 10.49%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Benchmark reaffirmed a "hold" rating on shares of Boise Cascade in a research report on Tuesday, February 25th. Truist Financial lowered their price target on shares of Boise Cascade from $134.00 to $118.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. BMO Capital Markets cut their price objective on shares of Boise Cascade from $136.00 to $122.00 and set a "market perform" rating on the stock in a report on Tuesday, February 25th. The Goldman Sachs Group lowered their target price on Boise Cascade from $145.00 to $126.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Finally, Loop Capital dropped their target price on Boise Cascade from $140.00 to $135.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $125.00.

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.