Fulcrum Capital LLC Cuts Stock Holdings in Boise Cascade (NYSE:BCC)

Fulcrum Capital LLC lessened its holdings in shares of Boise Cascade (NYSE:BCC - Free Report) by 46.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,907 shares of the construction company's stock after selling 4,280 shares during the period. Fulcrum Capital LLC's holdings in Boise Cascade were worth $481,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Vise Technologies Inc. raised its holdings in Boise Cascade by 3.4% during the 4th quarter. Vise Technologies Inc. now owns 3,021 shares of the construction company's stock worth $359,000 after purchasing an additional 100 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of Boise Cascade by 4.2% during the fourth quarter. D.A. Davidson & CO. now owns 3,267 shares of the construction company's stock worth $388,000 after buying an additional 133 shares during the period. Principal Securities Inc. raised its stake in Boise Cascade by 44.2% during the fourth quarter. Principal Securities Inc. now owns 473 shares of the construction company's stock worth $56,000 after buying an additional 145 shares during the last quarter. Bridge City Capital LLC lifted its holdings in Boise Cascade by 0.9% in the fourth quarter. Bridge City Capital LLC now owns 21,528 shares of the construction company's stock valued at $2,559,000 after buying an additional 192 shares during the period. Finally, Quarry LP boosted its position in Boise Cascade by 502.4% during the fourth quarter. Quarry LP now owns 253 shares of the construction company's stock valued at $30,000 after acquiring an additional 211 shares during the last quarter. Institutional investors own 96.18% of the company's stock.

Boise Cascade Stock Up 0.6%

Boise Cascade stock traded up $0.51 during mid-day trading on Wednesday, reaching $88.11. The stock had a trading volume of 80,653 shares, compared to its average volume of 350,221. The firm has a market capitalization of $3.32 billion, a PE ratio of 9.22 and a beta of 1.43. Boise Cascade has a fifty-two week low of $83.86 and a fifty-two week high of $155.42. The stock's 50-day simple moving average is $92.27 and its 200-day simple moving average is $111.61. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.92 and a current ratio of 3.34.

Boise Cascade (NYSE:BCC - Get Free Report) last issued its earnings results on Monday, May 5th. The construction company reported $1.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.36 by ($0.30). The firm 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 17.04% and a net margin of 5.60%. Boise Cascade's revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.61 earnings per share. On average, sell-side analysts forecast that Boise Cascade will post 10.15 EPS for the current fiscal year.

Boise Cascade Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BCC. DA Davidson decreased their price target on Boise Cascade from $155.00 to $125.00 and set a "buy" rating for the company in a report on Monday, February 24th. Loop Capital decreased their target price on Boise Cascade from $140.00 to $135.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Truist Financial dropped their price target on Boise Cascade from $134.00 to $118.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Benchmark restated a "hold" rating on shares of Boise Cascade in a report on Tuesday, February 25th. Finally, BMO Capital Markets lowered their price objective on shares of Boise Cascade from $136.00 to $122.00 and set a "market perform" rating for the company in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $125.00.

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.