Boise Cascade, L.L.C. $BCC Stock Position Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in Boise Cascade, L.L.C. (NYSE:BCC - Free Report) by 1.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 448,133 shares of the construction company's stock after purchasing an additional 4,442 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.18% of Boise Cascade worth $43,957,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Westwood Holdings Group Inc. raised its holdings in shares of Boise Cascade by 25.7% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,499,305 shares of the construction company's stock valued at $147,067,000 after buying an additional 306,684 shares during the period. First Trust Advisors LP raised its holdings in shares of Boise Cascade by 37.9% during the 4th quarter. First Trust Advisors LP now owns 712,527 shares of the construction company's stock valued at $84,691,000 after buying an additional 195,773 shares during the period. GAMMA Investing LLC raised its holdings in shares of 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 buying an additional 142,107 shares during the period. Tidal Investments LLC raised its holdings in shares of Boise Cascade by 534.5% during the 4th quarter. Tidal Investments LLC now owns 100,295 shares of the construction company's stock valued at $11,921,000 after buying an additional 84,487 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Boise Cascade during the 4th quarter valued at about $9,894,000. 96.18% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Joanna L. Barney sold 1,000 shares of the company's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $87.68, for a total transaction of $87,680.00. Following the completion of the transaction, the executive vice president directly owned 12,372 shares in the company, valued at $1,084,776.96. This represents a 7.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jill Twedt sold 1,782 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $83.97, for a total value of $149,634.54. Following the transaction, the senior vice president owned 32,867 shares of the company's stock, valued at approximately $2,759,841.99. The trade was a 5.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,015 shares of company stock worth $511,869 in the last three months. 0.98% of the stock is owned by insiders.

Analysts Set New Price Targets

BCC has been the topic of several analyst reports. Truist Financial dropped their target price on Boise Cascade from $106.00 to $101.00 and set a "buy" rating on the stock in a report on Thursday, August 7th. DA Davidson dropped their price objective on Boise Cascade from $115.00 to $100.00 and set a "buy" rating on the stock in a report on Friday, July 18th. Bank of America dropped their price objective on Boise Cascade from $111.00 to $107.00 and set a "buy" rating on the stock in a report on Wednesday, July 9th. Finally, BMO Capital Markets dropped their price objective on Boise Cascade from $114.00 to $108.00 and set a "market perform" rating on the stock in a report on Thursday, August 7th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $112.83.

Boise Cascade Stock Performance

Shares of NYSE BCC traded up $6.05 during trading on Friday, reaching $90.72. The stock had a trading volume of 77,952 shares, compared to its average volume of 355,508. Boise Cascade, L.L.C. has a one year low of $80.01 and a one year high of $155.42. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.54 and a current ratio of 2.96. The stock has a market cap of $3.39 billion, a PE ratio of 13.23, a P/E/G ratio of 5.03 and a beta of 1.28. The firm's 50 day moving average price is $86.89 and its two-hundred day moving average price is $94.40.

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

Boise Cascade Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Tuesday, September 2nd. This is an increase from Boise Cascade's previous quarterly dividend of $0.21. Boise Cascade's dividend payout ratio (DPR) is currently 12.33%.

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.