Dynamic Technology Lab Private Ltd Has $496,000 Stock Position in Boise Cascade, L.L.C. $BCC

Key Points

• Dynamic Technology Lab Private Ltd reduced its stake in Boise Cascade by 48.5% during the first quarter, now holding 5,060 shares valued at approximately $496,000.
• Boise Cascade's recent earnings report showed $1.64 earnings per share, missing estimates by $0.05, and the company's revenue declined by 3.2% year-over-year.
• The firm announced an increase in its quarterly dividend from $0.21 to $0.22 per share, which will be paid on September 17th.

Dynamic Technology Lab Private Ltd lessened its position in shares of Boise Cascade, L.L.C. (NYSE:BCC - Free Report) by 48.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 5,060 shares of the construction company's stock after selling 4,760 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Boise Cascade were worth $496,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BCC. Petrus Trust Company LTA bought a new stake in shares of Boise Cascade in the 1st quarter valued at $344,000. AQR Capital Management LLC lifted its holdings in Boise Cascade by 8.8% in the first quarter. AQR Capital Management LLC now owns 36,639 shares of the construction company's stock valued at $3,594,000 after buying an additional 2,966 shares during the period. Cubist Systematic Strategies LLC bought a new stake in Boise Cascade during the first quarter valued at $8,617,000. Royal Bank of Canada grew its holdings in Boise Cascade by 4.0% during the 1st quarter. Royal Bank of Canada now owns 34,704 shares of the construction company's stock worth $3,404,000 after acquiring an additional 1,332 shares during the period. Finally, Alamea Verwaltungs GmbH acquired a new stake in Boise Cascade during the 1st quarter worth about $399,000. Institutional investors own 96.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BCC. Bank of America dropped their price objective on Boise Cascade from $111.00 to $107.00 and set a "buy" rating on the stock in a research note on Wednesday, July 9th. Truist Financial dropped their price target on Boise Cascade from $106.00 to $101.00 and set a "buy" rating on the stock in a research note on Thursday, August 7th. BMO Capital Markets reduced their price objective on shares of Boise Cascade from $114.00 to $108.00 and set a "market perform" rating for the company in a research report on Thursday, August 7th. Finally, DA Davidson lowered their price objective on shares of Boise Cascade from $115.00 to $100.00 and set a "buy" rating for the company in a research note on Friday, July 18th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $112.83.

Boise Cascade Trading Up 0.6%

Shares of Boise Cascade stock opened at $85.80 on Thursday. The stock has a market capitalization of $3.20 billion, a PE ratio of 12.60, a price-to-earnings-growth ratio of 5.07 and a beta of 1.33. Boise Cascade, L.L.C. has a 52 week low of $80.01 and a 52 week high of $155.42. The stock has a 50 day moving average price of $86.94 and a two-hundred day moving average price of $91.19. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.54 and a current ratio of 2.96.

Boise Cascade (NYSE:BCC - Get Free Report) last issued its earnings results on Monday, August 4th. The construction company reported $1.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.69 by ($0.05). The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.76 billion. Boise Cascade had a return on equity of 12.26% and a net margin of 4.00%.Boise Cascade's revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.84 earnings per share. As a group, equities analysts anticipate that Boise Cascade, L.L.C. will post 10.15 earnings per share for the current fiscal year.

Boise Cascade Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.22 per share. This is an increase from Boise Cascade's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Tuesday, September 2nd. Boise Cascade's dividend payout ratio is 12.92%.

Insider Transactions at Boise Cascade

In other Boise Cascade news, SVP Jill Twedt sold 1,782 shares of Boise Cascade stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $83.97, for a total transaction of $149,634.54. Following the completion of the transaction, the senior vice president owned 32,867 shares in the company, valued at approximately $2,759,841.99. The trade was a 5.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Troy Little sold 2,033 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $83.10, for a total value of $168,942.30. Following the completion of the sale, the executive vice president directly owned 12,701 shares of the company's stock, valued at approximately $1,055,453.10. This trade represents a 13.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,815 shares of company stock valued at $409,637 over the last three months. Corporate insiders own 0.98% of the company's stock.

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.

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