Atlas FRM LLC Makes New $34.55 Million Investment in Boise Cascade, L.L.C. $BCC

Atlas FRM LLC bought a new position in shares of Boise Cascade, L.L.C. (NYSE:BCC - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 445,000 shares of the construction company's stock, valued at approximately $34,545,350. Boise Cascade comprises about 0.0% of Atlas FRM LLC's investment portfolio, making the stock its 19th largest holding. Atlas FRM LLC owned approximately 1.28% of Boise Cascade at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BCC. Caitong International Asset Management Co. Ltd grew its position in Boise Cascade by 231.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 371 shares of the construction company's stock worth $29,000 after purchasing an additional 259 shares during the last quarter. Fifth Third Bancorp grew its position in Boise Cascade by 77.5% during the 4th quarter. Fifth Third Bancorp now owns 410 shares of the construction company's stock worth $30,000 after purchasing an additional 179 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Boise Cascade during the 3rd quarter worth approximately $38,000. UMB Bank n.a. grew its position in Boise Cascade by 98.5% during the 4th quarter. UMB Bank n.a. now owns 524 shares of the construction company's stock worth $39,000 after purchasing an additional 260 shares during the last quarter. Finally, iSAM Funds UK Ltd purchased a new stake in Boise Cascade during the 3rd quarter worth approximately $44,000. Hedge funds and other institutional investors own 96.18% of the company's stock.

Boise Cascade Stock Performance

Shares of NYSE BCC opened at $78.52 on Friday. The company has a current ratio of 2.71, a quick ratio of 1.31 and a debt-to-equity ratio of 0.24. Boise Cascade, L.L.C. has a 12 month low of $65.00 and a 12 month high of $91.97. The company has a 50 day simple moving average of $78.88 and a two-hundred day simple moving average of $76.73. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 1.06 and a beta of 1.10.

Boise Cascade (NYSE:BCC - Get Free Report) last posted its earnings results 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 during the quarter, compared to analysts' expectations of $1.77 billion. During the same period in the previous year, the business posted $1.64 EPS. The business's revenue was up 5.2% compared to the same quarter last year. As a group, analysts predict that Boise Cascade, L.L.C. will post 3.86 earnings per share for the current year.

Boise Cascade Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Tuesday, September 1st will be paid a $0.23 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.92 annualized dividend and a dividend yield of 1.2%. This is an increase from Boise Cascade's previous quarterly dividend of $0.22. Boise Cascade's dividend payout ratio (DPR) is presently 29.83%.

Insider Buying and Selling at Boise Cascade

In related news, SVP Jill Twedt sold 1,250 shares of the business's stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $79.40, for a total value of $99,250.00. Following the completion of the transaction, the senior vice president directly owned 25,295 shares in the company, valued at $2,008,423. The trade was a 4.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kristopher J. Matula sold 1,930 shares of the business's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total transaction of $163,239.40. Following the completion of the transaction, the director owned 13,982 shares of the company's stock, valued at approximately $1,182,597.56. This represents a 12.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.42% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on BCC shares. Zacks Research downgraded shares of Boise Cascade from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 17th. The Goldman Sachs Group lifted their price objective on shares of Boise Cascade from $81.00 to $91.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. DA Davidson lifted their price objective on shares of Boise Cascade from $92.00 to $99.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Weiss Ratings upgraded shares of Boise Cascade from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, August 17th. Finally, Bank of America lifted their price objective on shares of Boise Cascade from $80.00 to $81.00 and gave the company an "underperform" rating in a research note on Tuesday, July 14th. 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's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $93.60.

Boise Cascade Company 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.