Boise Cascade, L.L.C. (NYSE:BCC) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its stake in Boise Cascade, L.L.C. (NYSE:BCC - Free Report) by 50.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,699 shares of the construction company's stock after acquiring an additional 7,983 shares during the quarter. Assenagon Asset Management S.A. owned about 0.06% of Boise Cascade worth $2,325,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of Boise Cascade by 60.6% during the first quarter. GAMMA Investing LLC now owns 1,458 shares of the construction company's stock valued at $143,000 after acquiring an additional 550 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Boise Cascade by 5,168.8% in the first quarter. Harbor Capital Advisors Inc. now owns 12,171 shares of the construction company's stock valued at $1,194,000 after purchasing an additional 11,940 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Boise Cascade by 338.5% during the 1st quarter. Farther Finance Advisors LLC now owns 478 shares of the construction company's stock valued at $47,000 after purchasing an additional 369 shares in the last quarter. Wedge Capital Management L L P NC increased its holdings in Boise Cascade by 19.2% during the 1st quarter. Wedge Capital Management L L P NC now owns 117,638 shares of the construction company's stock worth $11,539,000 after purchasing an additional 18,967 shares during the last quarter. Finally, Curat Global LLC acquired a new position in shares of Boise Cascade in the 1st quarter valued at approximately $122,000. Institutional investors and hedge funds own 96.18% of the company's stock.

Insider Buying and Selling

In other Boise Cascade news, EVP Joanna L. Barney sold 1,000 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were 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 now directly owns 12,372 shares of the company's stock, valued at $1,084,776.96. The trade was a 7.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jill Twedt sold 1,200 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $88.01, for a total transaction of $105,612.00. Following the completion of the sale, the senior vice president now owns 34,649 shares in the company, valued at $3,049,458.49. The trade was a 3.35% decrease in their position. The disclosure for this sale can be found here. 0.98% of the stock is owned by company insiders.

Boise Cascade Stock Performance

Shares of Boise Cascade stock traded up $2.23 during trading hours on Friday, reaching $86.19. The company's stock had a trading volume of 242,271 shares, compared to its average volume of 343,411. Boise Cascade, L.L.C. has a one year low of $83.60 and a one year high of $155.42. The company's 50 day simple moving average is $90.05 and its 200 day simple moving average is $107.05. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.51 and a current ratio of 2.82. The stock has a market cap of $3.24 billion, a P/E ratio of 10.76, a price-to-earnings-growth ratio of 3.64 and a beta of 1.36.

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). The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Boise Cascade had a return on equity of 14.36% and a net margin of 4.72%. The business's revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.61 EPS. As a group, analysts expect that Boise Cascade, L.L.C. will post 10.15 EPS for the current fiscal year.

Boise Cascade Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 2nd were given a dividend of $0.21 per share. The ex-dividend date was Monday, June 2nd. This represents a $0.84 dividend on an annualized basis and a yield of 0.97%. Boise Cascade's dividend payout ratio is currently 10.49%.

Wall Street Analysts Forecast Growth

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

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.