Boise Cascade (NYSE:BCC) Shares Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lifted its position in shares of Boise Cascade (NYSE:BCC - Free Report) by 5,168.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 12,171 shares of the construction company's stock after buying an additional 11,940 shares during the period. Harbor Capital Advisors Inc.'s holdings in Boise Cascade were worth $1,194,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BCC. Norges Bank purchased a new position in shares of Boise Cascade during the fourth quarter valued at approximately $55,680,000. First Trust Advisors LP lifted its stake in shares of Boise Cascade by 37.9% during the fourth quarter. First Trust Advisors LP now owns 712,527 shares of the construction company's stock valued at $84,691,000 after buying an additional 195,773 shares during the period. GAMMA Investing LLC lifted its stake in shares of Boise Cascade by 15,650.6% during the first quarter. GAMMA Investing LLC now owns 143,015 shares of the construction company's stock valued at $14,028,000 after buying an additional 142,107 shares during the period. American Century Companies Inc. lifted its stake in shares of Boise Cascade by 12.0% during the fourth quarter. American Century Companies Inc. now owns 1,134,364 shares of the construction company's stock valued at $134,831,000 after buying an additional 121,790 shares during the period. Finally, Tidal Investments LLC lifted its stake in shares of Boise Cascade by 534.5% during the fourth quarter. Tidal Investments LLC now owns 100,295 shares of the construction company's stock valued at $11,921,000 after buying an additional 84,487 shares during the period. Hedge funds and other institutional investors own 96.18% of the company's stock.

Analyst Ratings Changes

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

Insider Transactions at Boise Cascade

In related news, SVP Jill Twedt sold 1,200 shares of the firm's stock in a transaction on 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 now directly owns 34,649 shares of the company's stock, valued at approximately $3,049,458.49. This trade represents a 3.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $87,680.00. Following the sale, the executive vice president now directly owns 12,372 shares of the company's stock, valued at approximately $1,084,776.96. The trade was a 7.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.98% of the company's stock.

Boise Cascade Trading Up 0.0%

Shares of Boise Cascade stock traded up $0.02 during trading hours on Monday, hitting $85.75. The company's stock had a trading volume of 241,417 shares, compared to its average volume of 326,405. Boise Cascade has a 1-year low of $83.86 and a 1-year high of $155.42. The business has a fifty day moving average of $90.85 and a 200 day moving average of $107.82. The company has a market capitalization of $3.23 billion, a PE ratio of 8.97 and a beta of 1.36. The company has a quick ratio of 1.92, a current ratio of 3.34 and a debt-to-equity ratio of 0.22.

Boise Cascade (NYSE:BCC - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The construction company reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.36 by ($0.30). Boise Cascade had a return on equity of 17.04% and a net margin of 5.60%. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the previous year, the company earned $2.61 EPS. Boise Cascade's revenue was down 6.6% on a year-over-year basis. As a group, equities analysts forecast that Boise Cascade will post 10.15 EPS for the current 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 given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Monday, June 2nd. Boise Cascade's payout ratio is currently 10.49%.

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.