Medina Value Partners LLC Makes New $17.86 Million Investment in Boise Cascade, L.L.C. $BCC

Medina Value Partners LLC acquired a new stake in shares of Boise Cascade, L.L.C. (NYSE:BCC - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 230,042 shares of the construction company's stock, valued at approximately $17,858,160. Boise Cascade makes up about 0.0% of Medina Value Partners LLC's holdings, making the stock its 14th biggest position. Medina Value Partners LLC owned 0.66% of Boise Cascade at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Royal Bank of Canada raised its holdings in shares of Boise Cascade by 4.0% in the first quarter. Royal Bank of Canada now owns 34,704 shares of the construction company's stock valued at $3,404,000 after purchasing an additional 1,332 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Boise Cascade by 8.8% during the first quarter. AQR Capital Management LLC now owns 36,639 shares of the construction company's stock worth $3,594,000 after acquiring an additional 2,966 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Boise Cascade by 1,638.4% during the first quarter. Jones Financial Companies Lllp now owns 4,120 shares of the construction company's stock worth $404,000 after acquiring an additional 3,883 shares in the last quarter. United Services Automobile Association bought a new position in shares of Boise Cascade in the 1st quarter worth approximately $258,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Boise Cascade by 2.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 203,631 shares of the construction company's stock worth $19,974,000 after purchasing an additional 3,978 shares during the period. 96.18% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Kristopher J. Matula sold 1,930 shares of the company's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total transaction of $163,239.40. Following the completion of the sale, the director directly owned 13,982 shares in the company, valued at approximately $1,182,597.56. This represents a 12.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jill Twedt sold 1,250 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $79.40, for a total value of $99,250.00. Following the completion of the transaction, the senior vice president owned 25,295 shares in the company, valued at approximately $2,008,423. The trade was a 4.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.42% of the company's stock.

Boise Cascade Stock Performance

Shares of NYSE:BCC traded down $0.25 during mid-day trading on Friday, reaching $78.52. 240,670 shares of the company traded hands, compared to its average volume of 414,482. The firm has a market cap of $2.74 billion, a PE ratio of 26.62, a PEG ratio of 1.08 and a beta of 1.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.71 and a quick ratio of 1.31. The company's 50 day moving average price is $78.80 and its 200-day moving average price is $76.71. Boise Cascade, L.L.C. has a 52 week low of $65.00 and a 52 week high of $91.97.

Boise Cascade (NYSE:BCC - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The construction company reported $1.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.23 by $0.40. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.77 billion. Boise Cascade had a net margin of 1.64% and a return on equity of 5.41%. Boise Cascade's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the firm posted $1.64 EPS. On average, equities analysts expect that Boise Cascade, L.L.C. will post 3.86 EPS for the current fiscal year.

Boise Cascade Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.23 per share. This is a boost from Boise Cascade's previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 1st. Boise Cascade's payout ratio is currently 31.19%.

Analysts Set New Price Targets

A number of brokerages have commented on BCC. Wall Street Zen upgraded shares of Boise Cascade from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Truist Financial set a $97.00 price target on shares of Boise Cascade in a report on Wednesday, May 6th. The Goldman Sachs Group boosted their price target on shares of Boise Cascade from $81.00 to $91.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. DA Davidson upped their price objective on shares of Boise Cascade from $92.00 to $99.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Finally, Zacks Research cut shares of Boise Cascade from a "strong-buy" rating to a "hold" rating in a report on Monday, August 17th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $93.60.

Boise Cascade Company Profile

Boise Cascade Company operates as a leading manufacturer and distributor of wood products and building materials in North America. The company's operations are organized into two primary segments: wood products manufacturing and building materials distribution. In its manufacturing segment, Boise Cascade produces a wide array of engineered wood products, including plywood, oriented strand board (OSB), lumber, particleboard and laminated veneer lumber (LVL), serving residential, commercial and industrial customers.

In its distribution segment, Boise Cascade sources and delivers building materials through an extensive network of distribution centers, servicing professional builders, remodelers, contractors and industrial customers.

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