Boise Cascade, L.L.C. (NYSE:BCC) SVP Jill Twedt Sells 1,782 Shares

Key Points

• Jill Twedt, SVP of Boise Cascade, sold 1,782 shares of the company's stock at an average price of $83.97, resulting in a total transaction of approximately $149,634.
• Boise Cascade reported $1.64 EPS for the last quarter, falling short of analysts' expectations of $1.69, alongside a 3.2% year-over-year revenue decline.
• The company announced an increase in its quarterly dividend from $0.21 to $0.22, which will be paid on September 17th, reflecting a yield of 1.1%.

Boise Cascade, L.L.C. (NYSE:BCC - Get Free Report) SVP Jill Twedt sold 1,782 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $83.97, for a total transaction of $149,634.54. Following the completion of the transaction, the senior vice president owned 32,867 shares of the company's stock, valued at approximately $2,759,841.99. This represents a 5.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jill Twedt also recently made the following trade(s):

• On Wednesday, June 4th, Jill Twedt sold 1,200 shares of Boise Cascade stock. The stock was sold at an average price of $88.01, for a total transaction of $105,612.00.

Boise Cascade Stock Performance

Shares of NYSE BCC traded down $1.52 during midday trading on Monday, reaching $80.57. The company's stock had a trading volume of 21,714 shares, compared to its average volume of 353,522. Boise Cascade, L.L.C. has a 12-month low of $80.30 and a 12-month high of $155.42. The firm has a 50 day moving average price of $87.31 and a 200-day moving average price of $96.57. The stock has a market capitalization of $3.01 billion, a P/E ratio of 11.84, a PEG ratio of 4.88 and a beta of 1.28. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.96 and a quick ratio of 1.54.

Boise Cascade (NYSE:BCC - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The construction company reported $1.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.69 by ($0.05). Boise Cascade had a return on equity of 12.26% and a net margin of 4.00%. The business had revenue of $1.74 billion during the quarter, compared to analysts' expectations of $1.76 billion. During the same quarter last year, the business posted $2.84 EPS. The company's quarterly revenue was down 3.2% on a year-over-year basis. As a group, equities analysts predict that Boise Cascade, L.L.C. will post 10.15 earnings per share for the current year.

Boise Cascade Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.22 per share. The ex-dividend date is Tuesday, September 2nd. This is a positive change from Boise Cascade's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 1.1%. Boise Cascade's dividend payout ratio (DPR) is 12.33%.

Analysts Set New Price Targets

A number of research analysts have recently commented on BCC shares. BMO Capital Markets dropped their price objective on shares of Boise Cascade from $114.00 to $108.00 and set a "market perform" rating for the company in a research note on Thursday. DA Davidson reduced their price objective on Boise Cascade from $115.00 to $100.00 and set a "buy" rating for the company in a research note on Friday, July 18th. Truist Financial cut their price objective on Boise Cascade from $106.00 to $101.00 and set a "buy" rating on the stock in a research note on Thursday. Bank of America cut their target price on Boise Cascade from $111.00 to $107.00 and set a "buy" rating for the company in a research report on Wednesday, July 9th. Finally, Loop Capital dropped their target price 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. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $112.83.

Hedge Funds Weigh In On Boise Cascade

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Boise Cascade by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 4,422,544 shares of the construction company's stock valued at $433,807,000 after purchasing an additional 70,231 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Boise Cascade by 1.4% during the 1st quarter. Wellington Management Group LLP now owns 2,629,978 shares of the construction company's stock valued at $257,975,000 after purchasing an additional 35,639 shares during the last quarter. Westwood Holdings Group Inc. boosted its holdings in shares of Boise Cascade by 9.7% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,645,026 shares of the construction company's stock valued at $142,821,000 after purchasing an additional 145,721 shares during the last quarter. American Century Companies Inc. raised its position in shares of Boise Cascade by 8.1% during the 1st quarter. American Century Companies Inc. now owns 1,226,383 shares of the construction company's stock valued at $120,296,000 after buying an additional 92,019 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Boise Cascade by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 947,477 shares of the construction company's stock valued at $82,267,000 after buying an additional 7,618 shares in the last quarter. 96.18% of the stock is currently owned by hedge funds and other institutional investors.

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.