Alamea Verwaltungs GmbH Takes Position in Boise Cascade, L.L.C. $BCC

Key Points

• Alamea Verwaltungs GmbH purchased 4,070 shares of Boise Cascade, L.L.C. for approximately $399,000 in the 1st quarter.
• Boise Cascade's recent quarterly earnings showed earnings per share of $1.64, which was below analyst expectations of $1.69.
• The company announced an increase in its quarterly dividend from $0.21 to $0.22, reflecting a yield of 1.0% and a payout ratio of 12.33%.

Alamea Verwaltungs GmbH bought a new stake in shares of Boise Cascade, L.L.C. (NYSE:BCC - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 4,070 shares of the construction company's stock, valued at approximately $399,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Blue Trust Inc. grew its stake in shares of Boise Cascade by 93.7% in the 1st quarter. Blue Trust Inc. now owns 918 shares of the construction company's stock worth $90,000 after acquiring an additional 444 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Boise Cascade by 60.6% during the first quarter. GAMMA Investing LLC now owns 1,458 shares of the construction company's stock valued at $143,000 after purchasing an additional 550 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Boise Cascade by 50.8% in the first quarter. Assenagon Asset Management S.A. now owns 23,699 shares of the construction company's stock worth $2,325,000 after buying an additional 7,983 shares in the last quarter. D. E. Shaw & Co. Inc. purchased a new stake in shares of Boise Cascade in the fourth quarter worth about $728,000. Finally, Deutsche Bank AG lifted its holdings in shares of Boise Cascade by 69.0% in the first quarter. Deutsche Bank AG now owns 62,823 shares of the construction company's stock worth $6,162,000 after buying an additional 25,656 shares in the last quarter. Institutional investors own 96.18% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on BCC shares. Bank of America decreased their price objective on shares of Boise Cascade from $111.00 to $107.00 and set a "buy" rating on the stock in a research report on Wednesday, July 9th. DA Davidson cut their price target on shares of Boise Cascade from $115.00 to $100.00 and set a "buy" rating on the stock in a report on Friday, July 18th. Truist Financial dropped their target price on shares of Boise Cascade from $106.00 to $101.00 and set a "buy" rating on the stock in a research note on Thursday, August 7th. Finally, BMO Capital Markets decreased their target price on Boise Cascade from $114.00 to $108.00 and set a "market perform" rating for the company in a research report on Thursday, August 7th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Boise Cascade presently has an average rating of "Moderate Buy" and a consensus price target of $112.83.

Insider Buying and Selling

In related news, COO Jeffrey Robert Strom sold 1,000 shares of Boise Cascade stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $91.06, for a total value of $91,060.00. Following the completion of the sale, the chief operating officer owned 37,026 shares in the company, valued at approximately $3,371,587.56. This trade represents a 2.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Troy Little sold 2,033 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $83.10, for a total value of $168,942.30. Following the completion of the transaction, the executive vice president directly owned 12,701 shares of the company's stock, valued at $1,055,453.10. This trade represents a 13.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,815 shares of company stock worth $409,637. 0.98% of the stock is owned by company insiders.

Boise Cascade Trading Up 2.9%

Shares of Boise Cascade stock traded up $2.56 during trading on Friday, hitting $89.79. The stock had a trading volume of 116,120 shares, compared to its average volume of 352,916. The firm's fifty day simple moving average is $87.16 and its 200-day simple moving average is $91.97. The stock has a market cap of $3.35 billion, a PE ratio of 13.19, a PEG ratio of 5.00 and a beta of 1.33. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.96 and a quick ratio of 1.54. Boise Cascade, L.L.C. has a 12 month low of $80.01 and a 12 month high of $155.42.

Boise Cascade (NYSE:BCC - Get Free Report) last released its earnings results on Monday, August 4th. The construction company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.69 by ($0.05). Boise Cascade had a return on equity of 12.26% and a net margin of 4.00%.The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter last year, the business posted $2.84 earnings per share. The firm's revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, sell-side analysts expect that Boise Cascade, L.L.C. will post 10.15 EPS for the current fiscal year.

Boise Cascade Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd will be paid a $0.22 dividend. This is a boost from Boise Cascade's previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, September 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 1.0%. Boise Cascade's dividend payout ratio (DPR) is 12.92%.

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.