Mackenzie Financial Corp Has $2.28 Million Stake in Boise Cascade (NYSE:BCC)

Mackenzie Financial Corp raised its stake in Boise Cascade (NYSE:BCC - Free Report) by 263.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,142 shares of the construction company's stock after acquiring an additional 13,879 shares during the quarter. Mackenzie Financial Corp's holdings in Boise Cascade were worth $2,275,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its holdings in Boise Cascade by 3.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 50,833 shares of the construction company's stock valued at $6,042,000 after acquiring an additional 1,471 shares during the last quarter. 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 valued at $359,000 after purchasing an additional 100 shares during the period. Voloridge Investment Management LLC boosted its stake in shares of Boise Cascade by 80.9% in the 4th quarter. Voloridge Investment Management LLC now owns 15,702 shares of the construction company's stock valued at $1,866,000 after purchasing an additional 7,021 shares during the last quarter. Westwood Holdings Group Inc. grew its position in shares of Boise Cascade by 3.9% during the 4th quarter. Westwood Holdings Group Inc. now owns 1,192,621 shares of the construction company's stock worth $141,755,000 after buying an additional 45,010 shares during the period. Finally, Twinbeech Capital LP raised its stake in shares of Boise Cascade by 81.7% during the fourth quarter. Twinbeech Capital LP now owns 67,360 shares of the construction company's stock worth $8,006,000 after buying an additional 30,293 shares during the last quarter. 96.18% of the stock is owned by institutional investors.

Boise Cascade Trading Down 0.1%

Shares of BCC traded down $0.12 during trading hours on Wednesday, reaching $87.48. The stock had a trading volume of 234,851 shares, compared to its average volume of 326,698. The company has a market cap of $3.29 billion, a P/E ratio of 9.15 and a beta of 1.43. Boise Cascade has a 52 week low of $83.86 and a 52 week high of $155.42. The company has a quick ratio of 1.92, a current ratio of 3.34 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average of $92.05 and a 200 day moving average of $111.45.

Boise Cascade (NYSE:BCC - Get Free Report) last posted 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 net margin of 5.60% and a return on equity of 17.04%. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the previous year, the firm posted $2.61 earnings per share. The firm's revenue was down 6.6% on a year-over-year basis. On average, sell-side analysts expect that Boise Cascade will post 10.15 earnings per share for the current fiscal year.

Boise Cascade Announces Dividend

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

Analyst Ratings Changes

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

Boise Cascade 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.