D.A. Davidson & CO. Has $702,000 Stock Holdings in Boise Cascade, L.L.C. (NYSE:BCC)

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

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in Boise Cascade by 93.7% during the 1st quarter. Blue Trust Inc. now owns 918 shares of the construction company's stock worth $90,000 after acquiring an additional 444 shares during the last quarter. GAMMA Investing LLC grew its holdings in Boise Cascade by 60.6% during the 1st quarter. GAMMA Investing LLC now owns 1,458 shares of the construction company's stock worth $143,000 after acquiring an additional 550 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Boise Cascade by 50.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 23,699 shares of the construction company's stock worth $2,325,000 after acquiring an additional 7,983 shares during the last quarter. HighTower Advisors LLC grew its holdings in Boise Cascade by 139.1% during the 4th quarter. HighTower Advisors LLC now owns 4,507 shares of the construction company's stock worth $536,000 after acquiring an additional 2,622 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. bought a new stake in Boise Cascade during the 4th quarter worth approximately $728,000. 96.18% of the stock is owned by institutional investors.

Boise Cascade Trading Down 2.3%

Shares of NYSE:BCC traded down $2.10 during trading on Friday, reaching $91.16. The stock had a trading volume of 413,069 shares, compared to its average volume of 325,995. The firm's fifty day moving average is $88.86 and its 200 day moving average is $101.70. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.51 and a current ratio of 2.82. Boise Cascade, L.L.C. has a 52 week low of $83.60 and a 52 week high of $155.42. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 11.38, a P/E/G ratio of 4.22 and a beta of 1.34.

Boise Cascade (NYSE:BCC - Get Free Report) last released 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 4.72% and a return on equity of 14.36%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the firm earned $2.61 EPS. The firm's revenue was down 6.6% on a year-over-year basis. As a group, equities analysts forecast that Boise Cascade, L.L.C. will post 10.15 EPS for the current fiscal year.

Boise Cascade Announces Dividend

The business also recently announced 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 of this dividend was Monday, June 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.92%. Boise Cascade's payout ratio is presently 10.49%.

Insiders Place Their Bets

In related news, SVP Jill Twedt sold 1,200 shares of the business's stock in a transaction 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 transaction, the senior vice president owned 34,649 shares in the company, valued at $3,049,458.49. The trade was a 3.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joanna L. Barney sold 1,000 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $87.68, for a total transaction of $87,680.00. Following the transaction, the executive vice president owned 12,372 shares in the company, valued at $1,084,776.96. The trade was a 7.48% decrease in their position. The disclosure for this sale can be found here. 0.98% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Truist Financial reduced their price objective on shares of Boise Cascade from $114.00 to $106.00 and set a "buy" rating on the stock in a research note on Tuesday, July 8th. Loop Capital reduced their price objective on shares of Boise Cascade from $140.00 to $135.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Bank of America reduced their price objective on shares of Boise Cascade from $111.00 to $107.00 and set a "buy" rating on the stock in a research note on Wednesday. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.