Nebula Research & Development LLC Lowers Stock Holdings in Boise Cascade (NYSE:BCC)

Nebula Research & Development LLC lessened its stake in shares of Boise Cascade (NYSE:BCC - Free Report) by 27.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 7,193 shares of the construction company's stock after selling 2,775 shares during the period. Nebula Research & Development LLC's holdings in Boise Cascade were worth $855,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new position in Boise Cascade during the fourth quarter valued at approximately $29,000. Principal Securities Inc. boosted its holdings in Boise Cascade by 44.2% in 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 period. Smartleaf Asset Management LLC boosted its holdings in 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 during the period. PEAK6 LLC purchased a new stake in Boise Cascade in the 4th quarter worth $201,000. Finally, KBC Group NV raised its holdings in Boise Cascade by 41.3% during the fourth quarter. KBC Group NV now owns 1,732 shares of the construction company's stock valued at $206,000 after acquiring an additional 506 shares during the period. Institutional investors own 96.18% of the company's stock.

Insider Transactions at Boise Cascade

In other Boise Cascade news, Director Kristopher J. Matula sold 553 shares of the 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 sale, the director now directly owns 13,099 shares of the company's stock, valued at approximately $1,351,292.84. This trade represents a 4.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jeffrey Robert Strom sold 4,500 shares of Boise Cascade stock in a transaction that occurred 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 of the company's stock, valued at approximately $3,810,585.46. This represents a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.98% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. DA Davidson cut their target price on Boise Cascade from $155.00 to $125.00 and set a "buy" rating for the company in a research report on Monday, February 24th. BMO Capital Markets decreased their price target on shares of 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. Benchmark reissued a "hold" rating on shares of Boise Cascade in a research report on Tuesday, February 25th. The Goldman Sachs Group decreased their price objective on shares of 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 lowered their price objective on shares of Boise Cascade from $140.00 to $135.00 and set a "buy" rating for the company in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $125.00.

Boise Cascade Stock Down 0.6 %

BCC stock traded down $0.57 during trading on Thursday, reaching $92.71. 295,073 shares of the company traded hands, compared to its average volume of 327,311. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 9.70 and a beta of 1.52. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.92 and a current ratio of 3.34. The business has a 50 day simple moving average of $97.74 and a 200 day simple moving average of $119.97. Boise Cascade has a 12 month low of $87.84 and a 12 month high of $155.42.

Boise Cascade (NYSE:BCC - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The construction company reported $1.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.79 by ($0.01). Boise Cascade had a return on equity of 17.04% and a net margin of 5.60%. The firm had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.57 billion. On average, equities research analysts anticipate that Boise Cascade will post 10.15 earnings per share for the current fiscal year.

Boise Cascade Announces Dividend

The firm 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. This represents a $0.84 annualized dividend and a dividend yield of 0.91%. Boise Cascade's dividend payout ratio is presently 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.