Boise Cascade (NYSE:BCC) Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Boise Cascade (NYSE:BCC - Free Report) by 65.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 35,829 shares of the construction company's stock after acquiring an additional 14,155 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.09% of Boise Cascade worth $4,259,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in Boise Cascade during the fourth quarter valued at approximately $55,680,000. First Trust Advisors LP raised its holdings in Boise Cascade by 37.9% in the 4th quarter. First Trust Advisors LP now owns 712,527 shares of the construction company's stock valued at $84,691,000 after acquiring an additional 195,773 shares during the period. American Century Companies Inc. raised its position in Boise Cascade by 12.0% in the fourth quarter. American Century Companies Inc. now owns 1,134,364 shares of the construction company's stock worth $134,831,000 after acquiring an additional 121,790 shares during the period. Rockefeller Capital Management L.P. increased its holdings in shares of Boise Cascade by 322.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 109,770 shares of the construction company's stock worth $13,048,000 after buying an additional 83,776 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Boise Cascade by 17.8% during the fourth quarter. Northern Trust Corp now owns 483,165 shares of the construction company's stock valued at $57,429,000 after purchasing an additional 73,061 shares in the last quarter. 96.18% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Boise Cascade

In other Boise Cascade news, COO Jeffrey Robert Strom sold 4,500 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $100.21, for a total value of $450,945.00. Following the sale, the chief operating officer now owns 38,026 shares in the company, valued at $3,810,585.46. The trade was a 10.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kristopher J. Matula sold 553 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $103.16, for a total transaction of $57,047.48. Following the completion of the transaction, the director now directly owns 13,099 shares of the company's stock, valued at approximately $1,351,292.84. This represents a 4.05% decrease in their position. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by corporate insiders.

Boise Cascade Stock Down 0.9%

Shares of Boise Cascade stock traded down $0.81 during trading on Friday, reaching $86.52. The company's stock had a trading volume of 251,285 shares, compared to its average volume of 327,741. The company has a 50-day simple moving average of $94.19 and a two-hundred day simple moving average of $114.07. The company has a quick ratio of 1.92, a current ratio of 3.34 and a debt-to-equity ratio of 0.22. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 9.05 and a beta of 1.43. Boise Cascade has a 1-year low of $84.53 and a 1-year high of $155.42.

Boise Cascade (NYSE:BCC - Get Free Report) last issued its quarterly earnings data 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 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 company's revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.61 EPS. As a group, equities analysts forecast that Boise Cascade will post 10.15 earnings per share for the current year.

Boise Cascade Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.21 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.84 dividend on an annualized basis and a yield of 0.97%. Boise Cascade's payout ratio is presently 10.49%.

Analyst Ratings Changes

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

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.