D.A. Davidson & CO. Buys 3,892 Shares of 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 1st quarter, according to its most recent 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BCC. Quarry LP raised its stake in Boise Cascade by 502.4% during the 4th quarter. Quarry LP now owns 253 shares of the construction company's stock valued at $30,000 after purchasing an additional 211 shares during the period. Farther Finance Advisors LLC raised 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 during the period. Blue Trust Inc. raised its stake in Boise Cascade by 93.7% during the 1st quarter. Blue Trust Inc. now owns 918 shares of the construction company's stock valued at $90,000 after purchasing an additional 444 shares during the period. Curat Global LLC bought a new stake in Boise Cascade during the 1st quarter valued at approximately $122,000. Finally, 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 valued at $143,000 after buying an additional 550 shares in the last quarter. Institutional investors own 96.18% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on BCC shares. Bank of America cut their price target on Boise Cascade from $111.00 to $107.00 and set a "buy" rating for the company in a report on Wednesday. Loop Capital cut their price target on 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 Boise Cascade from $114.00 to $106.00 and set a "buy" rating for the company in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Boise Cascade currently has a consensus rating of "Moderate Buy" and an average price target of $120.17.

Boise Cascade Trading Down 2.3%

Shares of BCC stock traded down $2.10 on Friday, reaching $91.16. 413,069 shares of the company's stock were exchanged, compared to its average volume of 326,137. 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 company's fifty day simple moving average is $88.86 and its 200 day simple moving average is $102.00. The stock has a market capitalization of $3.43 billion, a PE ratio of 11.38, a P/E/G ratio of 4.31 and a beta of 1.34. Boise Cascade, L.L.C. has a 52 week low of $83.60 and a 52 week high of $155.42.

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 for the quarter, missing analysts' consensus estimates of $1.36 by ($0.30). The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Boise Cascade had a net margin of 4.72% and a return on equity of 14.36%. The company's revenue for the quarter was down 6.6% on a year-over-year basis. During the same period last year, the firm earned $2.61 earnings per share. As a group, analysts forecast that Boise Cascade, L.L.C. will post 10.15 EPS for the current year.

Boise Cascade Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Monday, June 2nd. Boise Cascade's dividend payout ratio (DPR) is presently 10.49%.

Insiders Place Their Bets

In other Boise Cascade news, EVP Joanna L. Barney sold 1,000 shares of Boise Cascade 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 completion of the sale, the executive vice president directly owned 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 sale 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 business's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $88.01, for a total value of $105,612.00. Following the completion of the transaction, the senior vice president directly owned 34,649 shares of the company's stock, valued at approximately $3,049,458.49. The trade was a 3.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.98% of the company's stock.

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.