Edgestream Partners L.P. Acquires Shares of 4,720 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) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,720 shares of the construction company's stock, valued at approximately $463,000.

Other large investors have also added to or reduced their stakes in the company. Quarry LP increased its stake in 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 acquiring an additional 211 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Boise Cascade by 338.5% in the 1st quarter. Farther Finance Advisors LLC now owns 478 shares of the construction company's stock worth $47,000 after acquiring an additional 369 shares during the last quarter. Blue Trust Inc. raised its stake in Boise Cascade by 93.7% during the first quarter. Blue Trust Inc. now owns 918 shares of the construction company's stock valued at $90,000 after purchasing an additional 444 shares in the last quarter. Curat Global LLC purchased a new stake in Boise Cascade during the first quarter valued at $122,000. Finally, GAMMA Investing LLC raised its stake in Boise Cascade by 60.6% during the first quarter. GAMMA Investing LLC now owns 1,458 shares of the construction company's stock valued at $143,000 after purchasing an additional 550 shares in the last quarter. Hedge funds and other institutional investors own 96.18% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on BCC shares. 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. Loop Capital decreased their price target 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 decreased their price target 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, July 18th. Finally, Truist Financial decreased 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 issued a buy rating to the company. According to data from MarketBeat, Boise Cascade has a consensus rating of "Moderate Buy" and a consensus target price of $116.00.

Boise Cascade Trading Up 1.4%

BCC stock traded up $1.19 during mid-day trading on Wednesday, reaching $88.34. 349,939 shares of the stock traded hands, compared to its average volume of 328,119. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.51 and a current ratio of 2.82. Boise Cascade, L.L.C. has a one year low of $83.09 and a one year high of $155.42. The stock has a market capitalization of $3.32 billion, a PE ratio of 11.03, a PEG ratio of 4.25 and a beta of 1.34. The business has a 50-day moving average price of $88.22 and a two-hundred day moving average price of $100.15.

Boise Cascade (NYSE:BCC - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The construction company reported $1.06 EPS for the quarter, missing analysts' consensus estimates of $1.36 by ($0.30). The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Boise Cascade had a return on equity of 14.36% and a net margin of 4.72%. The company's revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.61 earnings per share. Equities research analysts expect that Boise Cascade, L.L.C. will post 10.15 EPS for the current year.

Boise Cascade Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.95%. The ex-dividend date was Monday, June 2nd. Boise Cascade's payout ratio is 10.49%.

Insider Buying and Selling at Boise Cascade

In other news, EVP Joanna L. Barney sold 1,000 shares of the business's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $87.68, for a total value of $87,680.00. Following the completion of the transaction, the executive vice president directly owned 12,372 shares of the company's stock, valued at approximately $1,084,776.96. The trade was a 7.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jill Twedt sold 1,200 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $88.01, for a total transaction of $105,612.00. Following the completion of the sale, the senior vice president owned 34,649 shares in the company, valued at $3,049,458.49. This represents 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.

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.