MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 14,155 Shares of Boise Cascade (NYSE:BCC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Boise Cascade (NYSE:BCC - Free Report) by 65.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,829 shares of the construction company's stock after acquiring an additional 14,155 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.09% of Boise Cascade worth $4,259,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Lazard Asset Management LLC grew its holdings in shares of Boise Cascade by 23.8% in the fourth quarter. Lazard Asset Management LLC now owns 22,057 shares of the construction company's stock worth $2,621,000 after purchasing an additional 4,242 shares during the last quarter. Hudson Bay Capital Management LP grew its holdings in shares of Boise Cascade by 5.3% in the fourth quarter. Hudson Bay Capital Management LP now owns 40,000 shares of the construction company's stock worth $4,754,000 after purchasing an additional 2,000 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new position in shares of Boise Cascade in the fourth quarter worth approximately $728,000. Deutsche Bank AG grew its holdings in shares of Boise Cascade by 43.2% in the fourth quarter. Deutsche Bank AG now owns 37,167 shares of the construction company's stock worth $4,418,000 after purchasing an additional 11,220 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Boise Cascade by 34.8% in the fourth quarter. Cetera Investment Advisers now owns 2,706 shares of the construction company's stock worth $322,000 after purchasing an additional 699 shares during the last quarter. 96.18% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BCC has been the topic of several recent analyst reports. DA Davidson cut their target price on shares of Boise Cascade from $155.00 to $125.00 and set a "buy" rating on the stock in a report on Monday, February 24th. BMO Capital Markets cut their target price on shares of Boise Cascade from $136.00 to $122.00 and set a "market perform" rating on the stock in a report on Tuesday, February 25th. Truist Financial cut their target price on shares of Boise Cascade from $134.00 to $118.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Loop Capital cut their price target on shares of Boise Cascade from $140.00 to $135.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Benchmark reissued a "hold" rating on shares of Boise Cascade in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $125.00.

Insider Activity

In other news, Director Kristopher J. Matula sold 553 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $103.16, for a total transaction of $57,047.48. Following the sale, the director now owns 13,099 shares in the company, valued at approximately $1,351,292.84. The trade was a 4.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $450,945.00. Following the sale, the chief operating officer now owns 38,026 shares in the company, valued at approximately $3,810,585.46. This trade represents a 10.58% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.98% of the company's stock.

Boise Cascade Stock Down 0.7%

Shares of Boise Cascade stock opened at $91.29 on Tuesday. The company has a current ratio of 3.34, a quick ratio of 1.92 and a debt-to-equity ratio of 0.22. The company's fifty day simple moving average is $95.06 and its two-hundred day simple moving average is $115.50. The company has a market cap of $3.44 billion, a P/E ratio of 9.55 and a beta of 1.43. Boise Cascade has a 12-month low of $84.53 and a 12-month 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). Boise Cascade had a net margin of 5.60% and a return on equity of 17.04%. The company had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. During the same period in the previous year, the firm posted $2.61 earnings per share. The firm's revenue for the quarter was down 6.6% compared to the same quarter last year. Research analysts anticipate that Boise Cascade will post 10.15 EPS for the current year.

Boise Cascade Dividend Announcement

The firm also recently announced 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 0.92%. The ex-dividend date is Monday, June 2nd. Boise Cascade's dividend payout ratio (DPR) is presently 10.49%.

Boise Cascade Company 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.

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