D.A. Davidson & CO. Buys 3,892 Shares of Boise Cascade, L.L.C. (NYSE:BCC)

D.A. Davidson & CO. boosted its stake in Boise Cascade, L.L.C. (NYSE:BCC - Free Report) by 119.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,159 shares of the construction company's stock after purchasing an additional 3,892 shares during the quarter. D.A. Davidson & CO.'s holdings in Boise Cascade were worth $702,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BCC. Quarry LP increased its position in shares of Boise Cascade by 502.4% during the fourth quarter. Quarry LP now owns 253 shares of the construction company's stock worth $30,000 after acquiring an additional 211 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in 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 in the last quarter. Blue Trust Inc. raised its stake in shares of Boise Cascade by 93.7% in the first quarter. Blue Trust Inc. now owns 918 shares of the construction company's stock worth $90,000 after purchasing an additional 444 shares during the last quarter. Curat Global LLC bought a new position in shares of Boise Cascade in the first quarter valued at approximately $122,000. Finally, GAMMA Investing LLC boosted its position 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 buying an additional 550 shares during the last quarter. 96.18% of the stock is owned by institutional investors.

Insider Transactions at Boise Cascade

In other Boise Cascade news, SVP Jill Twedt sold 1,200 shares of Boise Cascade stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $88.01, for a total transaction of $105,612.00. Following the completion of the transaction, the senior vice president owned 34,649 shares of the company's stock, valued at $3,049,458.49. The trade was a 3.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Joanna L. Barney sold 1,000 shares of the company's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $87.68, for a total value 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 disclosure for this sale can be found here. Corporate insiders own 0.98% of the company's stock.

Boise Cascade Stock Performance

BCC traded up $0.99 during trading hours on Thursday, hitting $93.36. The stock had a trading volume of 468,214 shares, compared to its average volume of 325,877. The stock has a market cap of $3.51 billion, a PE ratio of 11.66, a price-to-earnings-growth ratio of 3.92 and a beta of 1.34. The company has a quick ratio of 1.51, a current ratio of 2.82 and a debt-to-equity ratio of 0.22. The company's fifty day simple moving average is $88.94 and its 200 day simple moving average is $102.42. Boise Cascade, L.L.C. has a 1 year low of $83.60 and a 1 year high of $155.42.

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 analysts' consensus estimates of $1.36 by ($0.30). The business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. Boise Cascade had a net margin of 4.72% and a return on equity of 14.36%. The firm's quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.61 earnings per share. Equities analysts anticipate that Boise Cascade, L.L.C. will post 10.15 earnings per share for the current 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 paid 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 dividend yield of 0.90%. Boise Cascade's payout ratio is 10.49%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BCC. Bank of America lowered their price target on Boise Cascade from $111.00 to $107.00 and set a "buy" rating for the company in a research report on Wednesday. Loop Capital lowered their target price 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. Finally, Truist Financial cut their price target on shares of Boise Cascade from $114.00 to $106.00 and set a "buy" rating on the stock in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $120.17.

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.