Boise Cascade (NYSE:BCC) Shares Bought by Deutsche Bank AG

Deutsche Bank AG raised its holdings in Boise Cascade (NYSE:BCC - Free Report) by 43.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,167 shares of the construction company's stock after purchasing an additional 11,220 shares during the period. Deutsche Bank AG owned 0.10% of Boise Cascade worth $4,418,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of BCC. Barclays PLC lifted its holdings in shares of Boise Cascade by 174.1% in the third quarter. Barclays PLC now owns 90,366 shares of the construction company's stock valued at $12,739,000 after purchasing an additional 57,403 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of Boise Cascade by 12.1% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,890 shares of the construction company's stock valued at $700,000 after purchasing an additional 635 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Boise Cascade by 49.2% in the fourth quarter. Blue Trust Inc. now owns 2,056 shares of the construction company's stock valued at $244,000 after purchasing an additional 678 shares in the last quarter. KBC Group NV lifted its holdings in shares of Boise Cascade by 41.3% in the fourth quarter. KBC Group NV now owns 1,732 shares of the construction company's stock valued at $206,000 after purchasing an additional 506 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Boise Cascade in the fourth quarter valued at about $29,000. Hedge funds and other institutional investors own 96.18% of the company's stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BCC shares. Truist Financial reduced their price target on shares of Boise Cascade from $134.00 to $118.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Benchmark reissued a "hold" rating on shares of Boise Cascade in a research note on Tuesday, February 25th. 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. DA Davidson reduced their price objective on shares of 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, BMO Capital Markets reduced their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Boise Cascade presently has an average rating of "Hold" and an average target price of $125.00.

Boise Cascade Trading Down 0.9%

Shares of BCC traded down $0.81 on Friday, hitting $86.52. 251,285 shares of the stock traded hands, compared to its average volume of 327,741. The company has a quick ratio of 1.92, a current ratio of 3.34 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $3.26 billion, a P/E ratio of 9.05 and a beta of 1.43. The stock's 50 day moving average is $94.19 and its two-hundred day moving average is $114.07. Boise Cascade has a 1 year low of $84.53 and a 1 year high of $155.42.

Boise Cascade (NYSE:BCC - Get Free Report) last posted its quarterly 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 company had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. Boise Cascade had a return on equity of 17.04% and a net margin of 5.60%. The business's revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.61 EPS. As a group, sell-side analysts predict that Boise Cascade will post 10.15 earnings per share for the current year.

Boise Cascade Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Monday, June 2nd. Boise Cascade's dividend payout ratio is currently 10.49%.

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.