Envestnet Asset Management Inc. Acquires 9,297 Shares of Boise Cascade, L.L.C. (NYSE:BCC)

Envestnet Asset Management Inc. grew its stake in Boise Cascade, L.L.C. (NYSE:BCC - Free Report) by 6.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 144,012 shares of the construction company's stock after buying an additional 9,297 shares during the period. Envestnet Asset Management Inc. owned approximately 0.38% of Boise Cascade worth $14,126,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Quarry LP grew its stake in shares of Boise Cascade by 502.4% in the 4th quarter. Quarry LP now owns 253 shares of the construction company's stock valued at $30,000 after purchasing an additional 211 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Boise Cascade by 338.5% in the 1st quarter. Farther Finance Advisors LLC now owns 478 shares of the construction company's stock valued at $47,000 after purchasing an additional 369 shares during the period. Blue Trust Inc. grew its stake in shares of Boise Cascade by 93.7% in the 1st quarter. Blue Trust Inc. now owns 918 shares of the construction company's stock valued at $90,000 after purchasing an additional 444 shares during the period. Curat Global LLC bought a new stake in shares of Boise Cascade in the 1st quarter valued at approximately $122,000. Finally, GAMMA Investing LLC grew its stake in shares of Boise Cascade by 60.6% in the 1st 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 during the period. Institutional investors and hedge funds own 96.18% of the company's stock.

Boise Cascade Trading Up 4.3%

Shares of Boise Cascade stock traded up $3.61 during trading on Tuesday, hitting $87.12. The company's stock had a trading volume of 427,236 shares, compared to its average volume of 327,730. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.82 and a quick ratio of 1.51. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 3.86 and a beta of 1.34. The stock has a 50-day moving average price of $88.61 and a two-hundred day moving average price of $100.57. Boise Cascade, L.L.C. has a 52 week low of $83.45 and a 52 week high of $155.42.

Boise Cascade (NYSE:BCC - Get Free Report) last announced its quarterly earnings data 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). Boise Cascade had a net margin of 4.72% and a return on equity of 14.36%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the company posted $2.61 EPS. Boise Cascade's revenue for the quarter was down 6.6% on a year-over-year basis. Equities research analysts anticipate that Boise Cascade, L.L.C. will post 10.15 EPS for the current fiscal year.

Boise Cascade Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 2nd were issued a $0.21 dividend. The ex-dividend date was Monday, June 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.96%. Boise Cascade's dividend payout ratio is presently 10.49%.

Insider Transactions at Boise Cascade

In related news, SVP Jill Twedt sold 1,200 shares of the company's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $88.01, for a total value of $105,612.00. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Joanna L. Barney sold 1,000 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $87.68, for a total transaction of $87,680.00. Following the completion of the sale, the executive vice president owned 12,372 shares of the company's stock, valued at approximately $1,084,776.96. This trade represents a 7.48% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.11% of the company's stock.

Analyst Upgrades and Downgrades

BCC has been the topic of a number of recent research reports. Truist Financial decreased their price objective on Boise Cascade from $114.00 to $106.00 and set a "buy" rating on the stock in a research report on Tuesday, July 8th. DA Davidson decreased their price objective on Boise Cascade from $115.00 to $100.00 and set a "buy" rating on the stock in a research report on Friday. Bank of America decreased their price objective on Boise Cascade from $111.00 to $107.00 and set a "buy" rating on the stock in a research report on Wednesday, July 9th. Finally, Loop Capital decreased their price objective on Boise Cascade from $140.00 to $135.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $116.00.

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.