Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Boise Cascade (NYSE:BCC)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Boise Cascade (NYSE:BCC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 83,241 shares of the construction company's stock, valued at approximately $9,894,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.22% of Boise Cascade as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in shares of Boise Cascade in the fourth quarter valued at about $29,000. Quarry LP raised its stake in Boise Cascade by 502.4% during the fourth quarter. Quarry LP now owns 253 shares of the construction company's stock worth $30,000 after purchasing an additional 211 shares during the period. Principal Securities Inc. grew its position in Boise Cascade by 44.2% in the fourth quarter. Principal Securities Inc. now owns 473 shares of the construction company's stock worth $56,000 after acquiring an additional 145 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Boise Cascade by 254.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 777 shares of the construction company's stock worth $92,000 after purchasing an additional 558 shares during the last quarter. Finally, Quantinno Capital Management LP purchased a new stake in shares of Boise Cascade in the 4th quarter valued at approximately $200,000. 96.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on BCC. Truist Financial reduced their price objective on Boise Cascade from $134.00 to $118.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Benchmark reiterated a "hold" rating on shares of Boise Cascade in a research note on Tuesday, February 25th. DA Davidson cut their price objective on shares of Boise Cascade from $155.00 to $125.00 and set a "buy" rating for the company in a research report on Monday, February 24th. BMO Capital Markets reduced their target price on Boise Cascade from $136.00 to $122.00 and set a "market perform" rating for the company in a report on Tuesday, February 25th. Finally, Loop Capital lowered their target price on Boise Cascade from $140.00 to $135.00 and set a "buy" rating on the stock in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $125.00.

Boise Cascade Price Performance

BCC traded down $0.12 on Wednesday, reaching $87.48. The company had a trading volume of 234,851 shares, compared to its average volume of 326,698. Boise Cascade has a one year low of $83.86 and a one year high of $155.42. The company has a market capitalization of $3.29 billion, a P/E ratio of 9.15 and a beta of 1.43. The company has a fifty day moving average of $92.05 and a 200-day moving average of $111.45. The company has a current ratio of 3.34, a quick ratio of 1.92 and a debt-to-equity ratio of 0.22.

Boise Cascade (NYSE:BCC - Get Free Report) last issued its 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 company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the firm earned $2.61 earnings per share. The business's revenue was down 6.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Boise Cascade will post 10.15 earnings per share for the current year.

Boise Cascade Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.21 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.84 annualized dividend and a yield of 0.96%. Boise Cascade's dividend payout ratio (DPR) is presently 10.49%.

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.