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 firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $83.97, for a total transaction of $149,634.54. Following the transaction, the senior vice president directly owned 32,867 shares in the company, valued at $2,759,841.99. This trade represents a 5.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

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

Boise Cascade Stock Up 0.3%

NYSE BCC traded up $0.27 during trading on Thursday, hitting $83.19. The company's stock had a trading volume of 376,352 shares, compared to its average volume of 355,955. Boise Cascade, L.L.C. has a fifty-two week low of $80.30 and a fifty-two week high of $155.42. The company has a market cap of $3.11 billion, a PE ratio of 12.22, a P/E/G ratio of 4.23 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 1.51. The business's 50 day simple moving average is $87.50 and its 200-day simple moving average is $97.64.

Boise Cascade (NYSE:BCC - Get Free Report) last released its earnings results on Monday, August 4th. The construction company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.69 by ($0.05). The company had revenue of $1.74 billion for the quarter, compared to analysts' expectations of $1.76 billion. Boise Cascade had a return on equity of 12.26% and a net margin of 4.00%. The firm's revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.84 EPS. On average, equities analysts anticipate that Boise Cascade, L.L.C. will post 10.15 EPS for the current fiscal year.

Boise Cascade Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd will be paid a $0.22 dividend. This is a positive change from Boise Cascade's previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, September 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 1.1%. Boise Cascade's dividend payout ratio (DPR) is 10.49%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BCC shares. BMO Capital Markets reduced 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. Bank of America reduced their price target 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. DA Davidson dropped their price objective on Boise Cascade from $115.00 to $100.00 and set a "buy" rating on the stock in a research report on Friday, July 18th. Loop Capital reduced their target price on shares of Boise Cascade from $140.00 to $135.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Truist Financial decreased their price target on shares of Boise Cascade from $106.00 to $101.00 and set a "buy" rating for the company in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Boise Cascade presently has a consensus rating of "Moderate Buy" and a consensus price target of $112.83.

Institutional Trading of Boise Cascade

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP increased its holdings in shares of Boise Cascade by 502.4% in the fourth quarter. Quarry LP now owns 253 shares of the construction company's stock valued at $30,000 after purchasing an additional 211 shares during the period. Huntington National Bank boosted its position in Boise Cascade by 630.0% in the second quarter. Huntington National Bank now owns 438 shares of the construction company's stock valued at $38,000 after buying an additional 378 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Boise Cascade by 120.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 406 shares of the construction company's stock worth $40,000 after buying an additional 222 shares during the period. RMG Wealth Management LLC purchased a new position in Boise Cascade during the 2nd quarter worth approximately $42,000. Finally, Farther Finance Advisors LLC lifted its stake in Boise Cascade by 338.5% during the 1st quarter. Farther Finance Advisors LLC now owns 478 shares of the construction company's stock valued at $47,000 after acquiring an additional 369 shares during the period. Institutional investors and hedge funds own 96.18% of the company's stock.

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.

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