Bridgeway Capital Management LLC Sells 4,000 Shares of Boise Cascade (NYSE:BCC)

Bridgeway Capital Management LLC cut its holdings in Boise Cascade (NYSE:BCC - Free Report) by 7.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 47,350 shares of the construction company's stock after selling 4,000 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.12% of Boise Cascade worth $5,628,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. American Century Companies Inc. lifted its stake in shares of 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 purchasing an additional 121,790 shares during the period. First Trust Advisors LP raised its holdings in shares of Boise Cascade by 37.9% during the fourth quarter. First Trust Advisors LP now owns 712,527 shares of the construction company's stock worth $84,691,000 after acquiring an additional 195,773 shares during the period. Northern Trust Corp raised its stake in shares of Boise Cascade by 17.8% in the 4th quarter. Northern Trust Corp now owns 483,165 shares of the construction company's stock valued at $57,429,000 after purchasing an additional 73,061 shares during the period. Norges Bank bought a new stake in Boise Cascade in the 4th quarter valued at approximately $55,680,000. Finally, Bank of New York Mellon Corp boosted its holdings in Boise Cascade by 3.0% during the fourth quarter. Bank of New York Mellon Corp now owns 446,350 shares of the construction company's stock worth $53,053,000 after purchasing an additional 12,963 shares during the last quarter. 96.18% of the stock is owned by institutional investors.

Insider Activity

In other Boise Cascade news, COO Jeffrey Robert Strom sold 4,500 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $100.21, for a total transaction of $450,945.00. Following the completion of the sale, the chief operating officer now directly owns 38,026 shares of the company's stock, valued at approximately $3,810,585.46. The trade was a 10.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kristopher J. Matula sold 553 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $103.16, for a total value of $57,047.48. Following the transaction, the director now owns 13,099 shares in the company, valued at approximately $1,351,292.84. This trade represents a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.98% of the company's stock.

Analyst Ratings Changes

BCC has been the topic of several recent analyst reports. DA Davidson lowered their price objective on shares of Boise Cascade from $155.00 to $125.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. The Goldman Sachs Group reduced their target price on shares of Boise Cascade from $145.00 to $126.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. BMO Capital Markets lowered their price objective on 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. Loop Capital dropped their target price on shares of Boise Cascade from $140.00 to $135.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Benchmark restated a "hold" rating on shares of Boise Cascade in a research report on Tuesday, February 25th. One 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. According to data from MarketBeat, Boise Cascade presently has an average rating of "Hold" and a consensus price target of $125.00.

Boise Cascade Trading Down 1.1 %

Shares of NYSE:BCC traded down $0.99 during mid-day trading on Friday, reaching $88.59. 278,111 shares of the company's stock were exchanged, compared to its average volume of 329,144. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 9.27 and a beta of 1.43. 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 has a twelve month low of $84.53 and a twelve month high of $155.42. The business's fifty day moving average price is $95.99 and its 200-day moving average price is $117.41.

Boise Cascade (NYSE:BCC - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The construction company reported $1.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.36 by ($0.30). Boise Cascade had a return on equity of 17.04% and a net margin of 5.60%. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the firm posted $2.61 EPS. The firm's revenue for the quarter was down 6.6% on a year-over-year basis. On average, research analysts predict that Boise Cascade will post 10.15 EPS for the current fiscal 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 paid a $0.21 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.84 annualized dividend and a dividend yield of 0.95%. Boise Cascade's dividend payout ratio is currently 10.49%.

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.