Boise Cascade (NYSE:BCC) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its stake in shares of Boise Cascade (NYSE:BCC - Free Report) by 58.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,939 shares of the construction company's stock after selling 99,698 shares during the period. Jane Street Group LLC owned about 0.18% of Boise Cascade worth $8,313,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. R Squared Ltd purchased a new position in Boise Cascade in the 4th quarter valued at approximately $29,000. Quarry LP increased its position 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 buying an additional 211 shares in the last quarter. Principal Securities Inc. raised its stake in shares of Boise Cascade by 44.2% during the 4th quarter. Principal Securities Inc. now owns 473 shares of the construction company's stock worth $56,000 after buying an additional 145 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Boise Cascade by 254.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 777 shares of the construction company's stock worth $92,000 after buying an additional 558 shares in the last quarter. Finally, PEAK6 LLC acquired a new stake in Boise Cascade in the 4th quarter valued at about $201,000. Hedge funds and other institutional investors own 96.18% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on BCC shares. Truist Financial cut their target price on shares of Boise Cascade from $134.00 to $118.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. BMO Capital Markets cut their price objective on Boise Cascade from $136.00 to $122.00 and set a "market perform" rating for the company in a research report on Tuesday, February 25th. DA Davidson lowered their target price on Boise Cascade from $155.00 to $125.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Benchmark reissued a "hold" rating on shares of Boise Cascade in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group decreased their price objective on Boise Cascade from $145.00 to $126.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $125.00.

Boise Cascade Trading Down 0.4 %

Shares of BCC opened at $87.17 on Thursday. Boise Cascade has a fifty-two week low of $84.53 and a fifty-two week high of $155.42. The company has a market capitalization of $3.32 billion, a PE ratio of 9.12 and a beta of 1.43. The stock has a fifty day moving average of $96.45 and a two-hundred day moving average of $118.17. 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 (NYSE:BCC - Get Free Report) last released its earnings results on Monday, May 5th. The construction company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.36 by ($0.30). Boise Cascade had a net margin of 5.60% and a return on equity of 17.04%. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the company posted $2.61 earnings per share. The business's revenue for the quarter was down 6.6% compared to the same quarter last year. As a group, analysts forecast that Boise Cascade will post 10.15 EPS for the current year.

Boise Cascade Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.21 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.84 annualized dividend and a dividend yield of 0.96%. Boise Cascade's payout ratio is currently 10.49%.

Insider Buying and Selling

In other Boise Cascade news, COO Jeffrey Robert Strom sold 4,500 shares of Boise Cascade stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $100.21, for a total value of $450,945.00. Following the transaction, the chief operating officer now owns 38,026 shares in the company, valued at $3,810,585.46. This trade represents a 10.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kristopher J. Matula sold 553 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $103.16, for a total transaction of $57,047.48. Following the sale, the director now directly owns 13,099 shares of the company's stock, valued at $1,351,292.84. This represents a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.11% of the company's stock.

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.

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