Harbor Capital Advisors Inc. Has $1.19 Million Holdings in Boise Cascade (NYSE:BCC)

Harbor Capital Advisors Inc. raised its stake in Boise Cascade (NYSE:BCC - Free Report) by 5,168.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 12,171 shares of the construction company's stock after purchasing 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 hedge funds and other institutional investors have also recently bought and sold shares of BCC. D.A. Davidson & CO. raised its stake in 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 acquiring an additional 133 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Boise Cascade by 3.0% in the fourth quarter. Bank of New York Mellon Corp now owns 446,350 shares of the construction company's stock valued at $53,053,000 after buying an additional 12,963 shares during the period. Handelsbanken Fonder AB lifted its holdings in Boise Cascade by 19.4% in the 4th quarter. Handelsbanken Fonder AB now owns 8,000 shares of the construction company's stock valued at $951,000 after acquiring an additional 1,300 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Boise Cascade by 2.6% during the fourth quarter. Principal Financial Group Inc. now owns 208,323 shares of the construction company's stock worth $24,761,000 after buying an additional 5,281 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of Boise Cascade by 139.1% during the 4th quarter. HighTower Advisors LLC now owns 4,507 shares of the construction company's stock worth $536,000 after acquiring an additional 2,622 shares in the last quarter. 96.18% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Loop Capital lowered their price objective on shares of Boise Cascade from $140.00 to $135.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Truist Financial cut their price objective 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 reissued a "hold" rating on shares of Boise Cascade in a research report on Tuesday, February 25th. DA Davidson reduced their price objective on 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, BMO Capital Markets decreased their target price on Boise Cascade from $136.00 to $122.00 and set a "market perform" rating on the stock in a research report on Tuesday, February 25th. 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 company's stock. Based on data from MarketBeat, Boise Cascade presently has a consensus rating of "Hold" and a consensus price target of $125.00.

Boise Cascade Price Performance

Shares of BCC traded down $2.57 during trading hours on Friday, hitting $85.47. The stock had a trading volume of 253,130 shares, compared to its average volume of 326,255. Boise Cascade has a 52 week low of $83.86 and a 52 week high of $155.42. The company's fifty day moving average is $91.02 and its two-hundred day moving average is $109.21. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.34 and a quick ratio of 1.92. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 8.94 and a beta of 1.37.

Boise Cascade (NYSE:BCC - Get Free Report) last issued its quarterly earnings data 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 for 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%. The firm's revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.61 EPS. On average, analysts anticipate that Boise Cascade will post 10.15 EPS for the current year.

Boise Cascade Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Monday, June 2nd will be given a $0.21 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.84 dividend on an annualized basis and a yield of 0.98%. Boise Cascade's payout ratio is 10.49%.

Insider Buying and Selling

In other Boise Cascade news, SVP Jill Twedt sold 1,200 shares of Boise Cascade stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $88.01, for a total transaction of $105,612.00. Following the transaction, the senior vice president now directly owns 34,649 shares in the company, valued at approximately $3,049,458.49. The trade was a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Joanna L. Barney sold 1,000 shares of Boise Cascade stock in a transaction dated 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 now owns 12,372 shares in the company, valued at $1,084,776.96. This trade represents a 7.48% decrease in their position. The disclosure for this sale can be found here. 1.11% of the stock is currently owned by insiders.

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.