J.W. Cole Advisors Inc. Takes $1.44 Million Position in Boise Cascade, L.L.C. (NYSE:BCC)

J.W. Cole Advisors Inc. purchased a new stake in Boise Cascade, L.L.C. (NYSE:BCC - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 14,668 shares of the construction company's stock, valued at approximately $1,439,000.

A number of other institutional investors also recently modified their holdings of BCC. Norges Bank bought a new position in shares of Boise Cascade in the fourth quarter valued at approximately $55,680,000. First Trust Advisors LP increased its position in 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. GAMMA Investing LLC raised its stake in Boise Cascade by 15,650.6% during the 1st quarter. GAMMA Investing LLC now owns 143,015 shares of the construction company's stock valued at $14,028,000 after purchasing an additional 142,107 shares during the last quarter. Tidal Investments LLC boosted its holdings in Boise Cascade by 534.5% in the 4th quarter. Tidal Investments LLC now owns 100,295 shares of the construction company's stock valued at $11,921,000 after purchasing an additional 84,487 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its holdings in Boise Cascade by 322.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 109,770 shares of the construction company's stock valued at $13,048,000 after purchasing an additional 83,776 shares during the period. Institutional investors own 96.18% of the company's stock.

Boise Cascade Stock Performance

Boise Cascade stock traded up $1.60 on Friday, hitting $88.03. The company's stock had a trading volume of 331,566 shares, compared to its average volume of 364,822. The firm has a market cap of $3.31 billion, a P/E ratio of 10.99, a price-to-earnings-growth ratio of 4.30 and a beta of 1.34. The company has a quick ratio of 1.51, a current ratio of 2.82 and a debt-to-equity ratio of 0.22. The company has a fifty day moving average price of $88.06 and a 200-day moving average price of $99.59. Boise Cascade, L.L.C. has a one year low of $83.09 and a one year high of $155.42.

Boise Cascade (NYSE:BCC - Get Free Report) last issued 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 4.72% and a return on equity of 14.36%. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior 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, equities analysts anticipate that Boise Cascade, L.L.C. will post 10.15 earnings per share for the current year.

Boise Cascade Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd were paid a $0.21 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.84 annualized dividend and a dividend yield of 0.95%. Boise Cascade's dividend payout ratio is presently 10.49%.

Insider Activity

In other Boise Cascade news, SVP Jill Twedt sold 1,200 shares of the company's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $88.01, for a total transaction of $105,612.00. Following the transaction, the senior vice president directly owned 34,649 shares in the company, valued at approximately $3,049,458.49. This represents a 3.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Joanna L. Barney sold 1,000 shares of the company's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $87.68, for a total transaction of $87,680.00. Following the transaction, the executive vice president owned 12,372 shares in the company, valued at approximately $1,084,776.96. The trade was a 7.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.98% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

BCC has been the subject of a number of research reports. Bank of America reduced their price target on shares of Boise Cascade from $111.00 to $107.00 and set a "buy" rating for the company in a report on Wednesday, July 9th. DA Davidson reduced their price target on shares of Boise Cascade from $115.00 to $100.00 and set a "buy" rating for the company in a report on Friday, July 18th. Truist Financial reduced their price target on shares of Boise Cascade from $114.00 to $106.00 and set a "buy" rating for the company in a report on Tuesday, July 8th. Finally, Loop Capital reduced their price target 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. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $116.00.

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.