Boise Cascade (NYSE:BCC) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its holdings in shares of Boise Cascade (NYSE:BCC - Free Report) by 42.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 53,738 shares of the construction company's stock after selling 40,279 shares during the period. Russell Investments Group Ltd. owned about 0.14% of Boise Cascade worth $6,387,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BCC. Norges Bank purchased a new stake in shares of Boise Cascade during the fourth quarter valued at $55,680,000. American Century Companies Inc. boosted its position in Boise Cascade by 12.0% in the 4th quarter. American Century Companies Inc. now owns 1,134,364 shares of the construction company's stock valued at $134,831,000 after buying an additional 121,790 shares during the period. Barclays PLC boosted its position in Boise Cascade by 174.1% in the 3rd quarter. Barclays PLC now owns 90,366 shares of the construction company's stock valued at $12,739,000 after buying an additional 57,403 shares during the period. KLP Kapitalforvaltning AS bought a new position in Boise Cascade in the 4th quarter worth about $5,777,000. Finally, Trexquant Investment LP purchased a new position in shares of Boise Cascade during the fourth quarter worth approximately $5,705,000. Institutional investors own 96.18% of the company's stock.

Boise Cascade Stock Up 0.7 %

Shares of BCC stock traded up $0.68 during mid-day trading on Friday, hitting $93.37. 205,893 shares of the stock traded hands, compared to its average volume of 328,724. Boise Cascade has a 52-week low of $87.84 and a 52-week high of $155.42. The stock has a market cap of $3.55 billion, a P/E ratio of 9.77 and a beta of 1.52. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.34 and a quick ratio of 1.92. The stock's fifty day moving average is $102.24 and its two-hundred day moving average is $122.86.

Boise Cascade (NYSE:BCC - Get Free Report) last posted its earnings results on Thursday, February 20th. The construction company reported $1.78 EPS for the quarter, missing analysts' consensus estimates of $1.79 by ($0.01). The firm had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.57 billion. Boise Cascade had a net margin of 5.60% and a return on equity of 17.04%. Equities analysts predict that Boise Cascade will post 10.15 EPS for the current year.

Boise Cascade Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Monday, February 24th were given a $0.21 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.90%. Boise Cascade's payout ratio is 8.79%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BCC shares. Truist Financial lowered their price target on Boise Cascade from $157.00 to $134.00 and set a "buy" rating for the company in a report on Monday, February 24th. BMO Capital Markets dropped their price target on Boise Cascade from $136.00 to $122.00 and set a "market perform" rating on the stock in a research report on Tuesday, February 25th. DA Davidson decreased their price objective on Boise Cascade from $155.00 to $125.00 and set a "buy" rating for the company in a report on Monday, February 24th. Loop Capital dropped their target price on shares of Boise Cascade from $140.00 to $135.00 and set a "buy" rating on the stock in a report on Monday. Finally, Benchmark reissued a "hold" rating on shares of Boise Cascade in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $127.67.

Insider Buying and Selling

In other news, Director Kristopher J. Matula sold 553 shares of Boise Cascade 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 completion of the sale, the director now directly 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Jeffrey Robert Strom sold 4,500 shares of the company's 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 completion of the transaction, the chief operating officer now directly owns 38,026 shares in the company, valued at approximately $3,810,585.46. The trade was a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.11% of the stock is owned by company insiders.

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.