Assenagon Asset Management S.A. Acquires 7,983 Shares of Boise Cascade, L.L.C. (NYSE:BCC)

Assenagon Asset Management S.A. increased its position in shares of Boise Cascade, L.L.C. (NYSE:BCC - Free Report) by 50.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 0.06% of Boise Cascade worth $2,325,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in BCC. Quarry LP increased its stake in shares of Boise Cascade by 502.4% during the 4th quarter. Quarry LP now owns 253 shares of the construction company's stock worth $30,000 after purchasing an additional 211 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Boise Cascade by 338.5% during the 1st quarter. Farther Finance Advisors LLC now owns 478 shares of the construction company's stock worth $47,000 after purchasing an additional 369 shares during the last quarter. Principal Securities Inc. increased its stake in shares of Boise Cascade by 44.2% during the 4th quarter. Principal Securities Inc. now owns 473 shares of the construction company's stock worth $56,000 after purchasing an additional 145 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Boise Cascade by 254.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 777 shares of the construction company's stock worth $92,000 after purchasing an additional 558 shares during the last quarter. Finally, Curat Global LLC acquired a new position in shares of Boise Cascade during the 1st quarter worth $122,000. Institutional investors and hedge funds own 96.18% of the company's stock.

Insider Buying and Selling

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

Analyst Ratings Changes

Several research analysts have recently commented on BCC shares. Benchmark restated a "hold" rating on shares of Boise Cascade in a research note on Tuesday, February 25th. Loop Capital reduced their price target on shares of Boise Cascade from $140.00 to $135.00 and set a "buy" rating for the company in a report on Monday, April 14th. Truist Financial reduced their target price on Boise Cascade from $134.00 to $118.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. BMO Capital Markets lowered their target price on shares of 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. Finally, DA Davidson dropped their price target 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. One 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $125.00.

Boise Cascade Trading Down 0.2%

Shares of NYSE:BCC traded down $0.16 during trading on Wednesday, hitting $83.90. 461,050 shares of the company's stock were exchanged, compared to its average volume of 327,108. Boise Cascade, L.L.C. has a 1-year low of $83.61 and a 1-year high of $155.42. The firm has a 50-day moving average price of $90.56 and a two-hundred day moving average price of $107.65. The company has a current ratio of 2.82, a quick ratio of 1.51 and a debt-to-equity ratio of 0.22. The firm has a market cap of $3.16 billion, a P/E ratio of 10.49, a PEG ratio of 3.64 and a beta of 1.36.

Boise Cascade (NYSE:BCC - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The construction company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.36 by ($0.30). Boise Cascade had a return on equity of 14.36% and a net margin of 4.72%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the business earned $2.61 EPS. The firm's revenue was down 6.6% compared to the same quarter last year. Equities analysts predict that Boise Cascade, L.L.C. will post 10.15 earnings per share for the current year.

Boise Cascade Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Monday, June 2nd will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.00%. The ex-dividend date is Monday, June 2nd. Boise Cascade's payout ratio is 10.49%.

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.