23,580 Shares in Boise Cascade, L.L.C. $BCC Acquired by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in shares of Boise Cascade, L.L.C. (NYSE:BCC - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 23,580 shares of the construction company's stock, valued at approximately $1,831,000. Quantbot Technologies LP owned 0.07% of Boise Cascade at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada boosted its holdings in Boise Cascade by 4.0% in the 1st quarter. Royal Bank of Canada now owns 34,704 shares of the construction company's stock worth $3,404,000 after buying an additional 1,332 shares during the period. AQR Capital Management LLC grew its holdings in shares of Boise Cascade by 8.8% in the first quarter. AQR Capital Management LLC now owns 36,639 shares of the construction company's stock valued at $3,594,000 after purchasing an additional 2,966 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Boise Cascade by 1,638.4% in the 1st quarter. Jones Financial Companies Lllp now owns 4,120 shares of the construction company's stock worth $404,000 after buying an additional 3,883 shares during the last quarter. United Services Automobile Association bought a new stake in Boise Cascade during the first quarter worth approximately $258,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Boise Cascade by 2.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 203,631 shares of the construction company's stock valued at $19,974,000 after purchasing an additional 3,978 shares during the last quarter. 96.18% of the stock is currently owned by institutional investors.

Boise Cascade Stock Down 0.3%

Shares of BCC stock opened at $82.20 on Tuesday. Boise Cascade, L.L.C. has a 1-year low of $65.00 and a 1-year high of $91.97. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 1.11 and a beta of 1.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.71 and a quick ratio of 1.31. The stock's fifty day moving average price is $78.34 and its 200 day moving average price is $76.93.

Boise Cascade (NYSE:BCC - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The construction company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.40. Boise Cascade had a net margin of 1.64% and a return on equity of 5.41%. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the company posted $1.64 earnings per share. The company's revenue for the quarter was up 5.2% compared to the same quarter last year. On average, research analysts expect that Boise Cascade, L.L.C. will post 3.86 earnings per share for the current fiscal year.

Boise Cascade Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, September 1st. This is a boost from Boise Cascade's previous quarterly dividend of $0.22. Boise Cascade's dividend payout ratio (DPR) is presently 31.19%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BCC. Bank of America boosted their target price on Boise Cascade from $80.00 to $81.00 and gave the company an "underperform" rating in a research report on Tuesday, July 14th. Weiss Ratings upgraded Boise Cascade from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, August 17th. Truist Financial set a $97.00 target price on Boise Cascade in a research report on Wednesday, May 6th. Wall Street Zen raised shares of Boise Cascade from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Finally, The Goldman Sachs Group upped their target price on Boise Cascade from $81.00 to $91.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $93.60.

Insider Buying and Selling

In related news, Director Kristopher J. Matula sold 1,930 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total value of $163,239.40. Following the transaction, the director owned 13,982 shares in the company, valued at approximately $1,182,597.56. This represents a 12.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.42% of the stock is currently owned by corporate insiders.

Boise Cascade Profile

Boise Cascade Company operates as a leading manufacturer and distributor of wood products and building materials in North America. The company's operations are organized into two primary segments: wood products manufacturing and building materials distribution. In its manufacturing segment, Boise Cascade produces a wide array of engineered wood products, including plywood, oriented strand board (OSB), lumber, particleboard and laminated veneer lumber (LVL), serving residential, commercial and industrial customers.

In its distribution segment, Boise Cascade sources and delivers building materials through an extensive network of distribution centers, servicing professional builders, remodelers, contractors and industrial customers.

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