Boise Cascade (NYSE:BCC) Stock Position Lifted by Barclays PLC

Barclays PLC raised its stake in Boise Cascade (NYSE:BCC - Free Report) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 94,895 shares of the construction company's stock after buying an additional 4,529 shares during the quarter. Barclays PLC owned about 0.25% of Boise Cascade worth $11,280,000 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 company. Invst LLC increased its position in shares of Boise Cascade by 2.6% during the third quarter. Invst LLC now owns 5,060 shares of the construction company's stock worth $713,000 after acquiring an additional 128 shares during the period. D.A. Davidson & CO. lifted its position in Boise Cascade by 4.2% in the fourth quarter. D.A. Davidson & CO. now owns 3,267 shares of the construction company's stock valued at $388,000 after acquiring an additional 133 shares during the last quarter. Principal Securities Inc. boosted its position in shares of Boise Cascade by 44.2% in the 4th quarter. Principal Securities Inc. now owns 473 shares of the construction company's stock valued at $56,000 after purchasing an additional 145 shares during the period. Bridge City Capital LLC boosted its holdings in shares of Boise Cascade by 0.9% in the fourth quarter. Bridge City Capital LLC now owns 21,528 shares of the construction company's stock valued at $2,559,000 after acquiring an additional 192 shares during the period. Finally, R Squared Ltd acquired a new stake in Boise Cascade during the 4th quarter worth $29,000. Hedge funds and other institutional investors own 96.18% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on BCC shares. Loop Capital decreased their price objective on Boise Cascade from $140.00 to $135.00 and set a "buy" rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group lowered 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. BMO Capital Markets reduced their target price on Boise Cascade from $136.00 to $122.00 and set a "market perform" rating on the stock in a research note on Tuesday, February 25th. DA Davidson decreased their price target on shares of Boise Cascade from $155.00 to $125.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Finally, Truist Financial reduced their price target on Boise Cascade from $134.00 to $118.00 and set a "buy" rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $125.00.

Insiders Place Their Bets

In related news, COO Jeffrey Robert Strom sold 4,500 shares of the company's stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 38,026 shares of the company's stock, valued at approximately $3,810,585.46. This represents a 10.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kristopher J. Matula sold 553 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $103.16, for a total transaction 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. The trade was a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.98% of the stock is owned by company insiders.

Boise Cascade Trading Down 0.7 %

Shares of NYSE:BCC traded down $0.72 during trading on Friday, reaching $95.37. 243,643 shares of the stock were exchanged, compared to its average volume of 327,993. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.92 and a current ratio of 3.34. Boise Cascade has a 12-month low of $87.84 and a 12-month high of $155.42. The firm's 50-day moving average price is $98.92 and its 200 day moving average price is $120.93. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 9.98 and a beta of 1.52.

Boise Cascade (NYSE:BCC - Get Free Report) last issued its earnings results on Thursday, February 20th. The construction company reported $1.78 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.01). The company had revenue of $1.57 billion during the quarter, compared to analysts' expectations 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 anticipate 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. Stockholders of record on Monday, February 24th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date 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.