Fox Run Management L.L.C. Has $553,000 Position in Boise Cascade, L.L.C. $BCC

Key Points

• Fox Run Management L.L.C. has reduced its stake in Boise Cascade by 49.1%, now holding 5,640 shares valued at approximately $553,000.
• Boise Cascade is seeing active management from other hedge funds, with Vanguard Group Inc. increasing its stake by 1.6% to 4.42 million shares valued at $433.8 million.
• The company recently declared a quarterly dividend increase from $0.21 to $0.22, reflecting a 1.0% yield and a payout ratio of 12.33%.

Fox Run Management L.L.C. decreased its position in Boise Cascade, L.L.C. (NYSE:BCC - Free Report) by 49.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,640 shares of the construction company's stock after selling 5,447 shares during the quarter. Fox Run Management L.L.C.'s holdings in Boise Cascade were worth $553,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BCC. Vise Technologies Inc. lifted its position in Boise Cascade by 3.4% during the 4th quarter. Vise Technologies Inc. now owns 3,021 shares of the construction company's stock worth $359,000 after acquiring an additional 100 shares during the last quarter. SummerHaven Investment Management LLC increased its stake in shares of Boise Cascade by 1.7% in the first quarter. SummerHaven Investment Management LLC now owns 6,708 shares of the construction company's stock worth $658,000 after purchasing an additional 114 shares during the period. Peak Financial Advisors LLC lifted its position in shares of Boise Cascade by 4.8% during the 1st quarter. Peak Financial Advisors LLC now owns 3,624 shares of the construction company's stock worth $355,000 after purchasing an additional 166 shares during the last quarter. Quarry LP boosted its stake in Boise Cascade by 502.4% during the 4th quarter. Quarry LP now owns 253 shares of the construction company's stock valued at $30,000 after purchasing an additional 211 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in Boise Cascade by 9.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,817 shares of the construction company's stock valued at $276,000 after purchasing an additional 251 shares during the period. Institutional investors own 96.18% of the company's stock.

Insider Buying and Selling

In other news, EVP Joanna L. Barney sold 1,000 shares of the 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 sale, the executive vice president owned 12,372 shares in the company, valued at approximately $1,084,776.96. This represents a 7.48% decrease in their ownership of the stock. The sale 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 firm's stock in a transaction 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 sale, the executive vice president owned 12,701 shares of the company's stock, valued at approximately $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. Insiders have sold a total of 6,015 shares of company stock worth $511,869 in the last three months. Insiders own 0.98% of the company's stock.

Boise Cascade Price Performance

NYSE:BCC traded up $6.43 during trading hours on Friday, reaching $91.10. The company had a trading volume of 327,145 shares, compared to its average volume of 357,039. The company has a quick ratio of 1.54, a current ratio of 2.96 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average of $86.89 and a two-hundred day moving average of $94.40. Boise Cascade, L.L.C. has a one year low of $80.01 and a one year high of $155.42. The firm has a market capitalization of $3.40 billion, a PE ratio of 13.38, a PEG ratio of 5.03 and a beta of 1.28.

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

Boise Cascade Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend 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 presently 12.33%.

Wall Street Analysts Forecast Growth

BCC has been the subject of a number of research analyst reports. DA Davidson cut their price target on Boise Cascade from $115.00 to $100.00 and set a "buy" rating for the company 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 report on Thursday, August 7th. BMO Capital Markets reduced their price target on shares of Boise Cascade from $114.00 to $108.00 and set a "market perform" rating for the company in a report on Thursday, August 7th. Finally, Bank of America decreased their price target 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. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $112.83.

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.