Deutsche Bank AG Acquires 11,220 Shares of Boise Cascade (NYSE:BCC)

Deutsche Bank AG boosted its stake in shares of Boise Cascade (NYSE:BCC - Free Report) by 43.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,167 shares of the construction company's stock after buying an additional 11,220 shares during the period. Deutsche Bank AG owned approximately 0.10% of Boise Cascade worth $4,418,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BCC. R Squared Ltd bought a new stake in shares of Boise Cascade in the 4th quarter worth $29,000. Quarry LP increased its holdings in shares of Boise Cascade by 502.4% in the 4th quarter. Quarry LP now owns 253 shares of the construction company's stock worth $30,000 after purchasing an additional 211 shares in the last quarter. Principal Securities Inc. increased its holdings in shares of Boise Cascade by 44.2% in 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 in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Boise Cascade by 254.8% in 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 in the last quarter. Finally, PEAK6 LLC bought a new stake in shares of Boise Cascade in the 4th quarter worth $201,000. Institutional investors own 96.18% of the company's stock.

Boise Cascade Stock Performance

NYSE BCC traded down $0.02 on Thursday, hitting $87.31. 239,203 shares of the company traded hands, compared to its average volume of 327,356. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 9.13 and a beta of 1.43. The company has a current ratio of 3.34, a quick ratio of 1.92 and a debt-to-equity ratio of 0.22. The business's 50 day moving average price is $94.45 and its 200-day moving average price is $114.80. Boise Cascade has a 52-week low of $84.53 and a 52-week high of $155.42.

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 for the quarter, missing the consensus estimate of $1.36 by ($0.30). The company had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. Boise Cascade had a net margin of 5.60% and a return on equity of 17.04%. Boise Cascade's revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.61 earnings per share. Equities analysts expect that Boise Cascade will post 10.15 earnings per share for the current year.

Boise Cascade Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Monday, June 2nd will be given a dividend of $0.21 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.84 annualized dividend and a yield of 0.96%. Boise Cascade's dividend payout ratio (DPR) is presently 10.49%.

Analyst Upgrades and Downgrades

A number of analysts have commented on BCC shares. 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 report on Tuesday, April 22nd. Benchmark restated a "hold" rating on shares of Boise Cascade in a research note on Tuesday, February 25th. BMO Capital Markets dropped their price target on 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. DA Davidson dropped their price target on Boise Cascade from $155.00 to $125.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Finally, Loop Capital dropped their price target on Boise Cascade from $140.00 to $135.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $125.00.

Insider Activity at Boise Cascade

In other Boise Cascade news, COO Jeffrey Robert Strom sold 4,500 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $100.21, for a total transaction of $450,945.00. Following the sale, the chief operating officer now directly owns 38,026 shares of the company's stock, valued at $3,810,585.46. This trade represents a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kristopher J. Matula sold 553 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $103.16, for a total value of $57,047.48. Following the sale, the director now directly owns 13,099 shares in the company, valued at approximately $1,351,292.84. This represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.98% of the stock is owned by company insiders.

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.