Campbell & CO Investment Adviser LLC Has $2.53 Million Stock Position in Boise Cascade, L.L.C. $BCC

Key Points

• Campbell & CO Investment Adviser LLC increased its stake in Boise Cascade by 277.9% in Q1, now holding 25,753 shares valued at approximately $2.53 million.
• Boise Cascade recently declared a $0.22 quarterly dividend, an increase from the previous $0.21, with a yield of 1.0% and a payout ratio of 12.33%.
• Analysts have mixed ratings on Boise Cascade, with four recommending a "Buy" and three a "Hold," and a consensus target price of $112.83.

Campbell & CO Investment Adviser LLC lifted its stake in Boise Cascade, L.L.C. (NYSE:BCC - Free Report) by 277.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,753 shares of the construction company's stock after purchasing an additional 18,939 shares during the quarter. Campbell & CO Investment Adviser LLC owned 0.07% of Boise Cascade worth $2,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Boise Cascade by 1.6% in the first quarter. Vanguard Group Inc. now owns 4,422,544 shares of the construction company's stock worth $433,807,000 after purchasing an additional 70,231 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Boise Cascade by 1.4% in the first quarter. Wellington Management Group LLP now owns 2,629,978 shares of the construction company's stock worth $257,975,000 after purchasing an additional 35,639 shares in the last quarter. Westwood Holdings Group Inc. lifted its position in shares of Boise Cascade by 25.7% in the first quarter. Westwood Holdings Group Inc. now owns 1,499,305 shares of the construction company's stock worth $147,067,000 after purchasing an additional 306,684 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Boise Cascade by 8.1% in the first quarter. American Century Companies Inc. now owns 1,226,383 shares of the construction company's stock worth $120,296,000 after purchasing an additional 92,019 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Boise Cascade by 17.8% in the fourth quarter. Northern Trust Corp now owns 483,165 shares of the construction company's stock worth $57,429,000 after purchasing an additional 73,061 shares in the last quarter. 96.18% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Boise Cascade news, EVP Troy Little sold 2,033 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $83.10, for a total transaction of $168,942.30. Following the transaction, the executive vice president owned 12,701 shares in the company, valued at $1,055,453.10. This trade represents a 13.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Jill Twedt sold 1,782 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were 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 in the company, valued at approximately $2,759,841.99. This trade represents a 5.14% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,015 shares of company stock worth $602,929. 0.98% of the stock is currently owned by company insiders.

Boise Cascade Stock Down 0.4%

NYSE:BCC traded down $0.36 during mid-day trading on Friday, reaching $86.91. The stock had a trading volume of 218,085 shares, compared to its average volume of 406,640. The business's 50 day moving average is $87.35 and its 200 day moving average is $92.75. Boise Cascade, L.L.C. has a fifty-two week low of $80.01 and a fifty-two week high of $155.42. The stock has a market cap of $3.25 billion, a P/E ratio of 12.76, a PEG ratio of 5.18 and a beta of 1.28. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.96 and a quick ratio of 1.54.

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

Boise Cascade Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.0%. This is a boost from Boise Cascade's previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, September 2nd. Boise Cascade's dividend payout ratio is 12.33%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BCC shares. DA Davidson reduced their price target on shares of Boise Cascade from $115.00 to $100.00 and set a "buy" rating for the company in a research report on Friday, July 18th. Truist Financial dropped their price objective on Boise Cascade from $106.00 to $101.00 and set a "buy" rating on the stock in a report on Thursday, August 7th. 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. Finally, 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. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Boise Cascade has an average rating of "Moderate Buy" and a consensus target price of $112.83.

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.