Edgestream Partners L.P. Purchases New Position in Boise Cascade, L.L.C. (NYSE:BCC)

Edgestream Partners L.P. purchased a new stake in shares of Boise Cascade, L.L.C. (NYSE:BCC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,720 shares of the construction company's stock, valued at approximately $463,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Boise Cascade during the 4th quarter worth approximately $1,601,000. HighTower Advisors LLC boosted its holdings in shares of Boise Cascade by 139.1% in the fourth quarter. HighTower Advisors LLC now owns 4,507 shares of the construction company's stock valued at $536,000 after buying an additional 2,622 shares during the period. Natixis Advisors LLC bought a new stake in shares of Boise Cascade in the fourth quarter worth $1,265,000. Corient Private Wealth LLC lifted its position in shares of Boise Cascade by 19.3% in the fourth quarter. Corient Private Wealth LLC now owns 1,915 shares of the construction company's stock worth $236,000 after purchasing an additional 310 shares in the last quarter. Finally, Cibc World Markets Corp bought a new stake in shares of Boise Cascade in the fourth quarter worth $433,000. 96.18% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the stock. Loop Capital reduced their target price on shares of Boise Cascade from $140.00 to $135.00 and set a "buy" rating for the company in a report on Monday, April 14th. Bank of America decreased their price target 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, July 9th. DA Davidson reduced their price objective on shares of Boise Cascade from $115.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday. Finally, Truist Financial reduced their price target 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. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Boise Cascade presently has a consensus rating of "Moderate Buy" and a consensus target price of $116.00.

Boise Cascade Price Performance

NYSE BCC opened at $83.89 on Friday. The company has a market cap of $3.16 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 3.88 and a beta of 1.34. Boise Cascade, L.L.C. has a 52 week low of $83.46 and a 52 week high of $155.42. The company has a quick ratio of 1.51, a current ratio of 2.82 and a debt-to-equity ratio of 0.22. The firm's 50-day simple moving average is $88.61 and its two-hundred day simple moving average is $100.68.

Boise Cascade (NYSE:BCC - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The construction company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.36 by ($0.30). Boise Cascade had a net margin of 4.72% and a return on equity of 14.36%. The business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. During the same period last year, the company earned $2.61 earnings per share. Boise Cascade's revenue for the quarter was down 6.6% compared to the same quarter last year. Research analysts predict that Boise Cascade, L.L.C. will post 10.15 earnings per share for the current year.

Boise Cascade Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Monday, June 2nd. Boise Cascade's payout ratio is 10.49%.

Insider Buying and Selling

In other news, SVP Jill Twedt sold 1,200 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $88.01, for a total value of $105,612.00. Following the transaction, the senior vice president owned 34,649 shares in the company, valued at approximately $3,049,458.49. This trade represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joanna L. Barney sold 1,000 shares of the firm's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $87.68, for a total value of $87,680.00. Following the transaction, the executive vice president directly owned 12,372 shares of the company's stock, valued at $1,084,776.96. This represents a 7.48% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.98% of the company's stock.

About Boise Cascade

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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