Regents Gate Capital LLP Raises Position in Boise Cascade, L.L.C. (NYSE:BCC)

Regents Gate Capital LLP increased its holdings in Boise Cascade, L.L.C. (NYSE:BCC - Free Report) by 180.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,980 shares of the construction company's stock after purchasing an additional 18,010 shares during the quarter. Boise Cascade accounts for 1.2% of Regents Gate Capital LLP's investment portfolio, making the stock its 28th biggest position. Regents Gate Capital LLP owned 0.07% of Boise Cascade worth $2,745,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Blue Trust Inc. grew its holdings in Boise Cascade by 93.7% in the 1st quarter. Blue Trust Inc. now owns 918 shares of the construction company's stock worth $90,000 after acquiring an additional 444 shares during the last quarter. GAMMA Investing LLC grew its holdings in Boise Cascade by 60.6% in the 1st quarter. GAMMA Investing LLC now owns 1,458 shares of the construction company's stock worth $143,000 after acquiring an additional 550 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Boise Cascade by 50.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 23,699 shares of the construction company's stock worth $2,325,000 after acquiring an additional 7,983 shares during the last quarter. HighTower Advisors LLC grew its holdings in Boise Cascade by 139.1% in 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 during the last quarter. Finally, D. E. Shaw & Co. Inc. bought a new stake in Boise Cascade in the 4th quarter worth $728,000. Hedge funds and other institutional investors own 96.18% of the company's stock.

Boise Cascade Trading Up 1.9%

Shares of BCC traded up $1.78 during trading hours on Thursday, reaching $94.15. 158,740 shares of the company traded hands, compared to its average volume of 324,694. The company's fifty day moving average price is $88.94 and its two-hundred day moving average price is $102.42. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 3.92 and a beta of 1.34. The company has a quick ratio of 1.51, a current ratio of 2.82 and a debt-to-equity ratio of 0.22. Boise Cascade, L.L.C. has a 12 month low of $83.60 and a 12 month high of $155.42.

Boise Cascade (NYSE:BCC - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The construction company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.36 by ($0.30). Boise Cascade had a return on equity of 14.36% and a net margin of 4.72%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the firm earned $2.61 EPS. The company's revenue was down 6.6% on a year-over-year basis. Equities research analysts predict that Boise Cascade, L.L.C. will post 10.15 earnings per share for the current fiscal year.

Boise Cascade Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 2nd were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Monday, June 2nd. Boise Cascade's payout ratio is currently 10.49%.

Analyst Upgrades and Downgrades

BCC has been the topic of a number of recent analyst reports. Truist Financial cut their price target on shares of Boise Cascade from $114.00 to $106.00 and set a "buy" rating on the stock in a report on Tuesday. 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, Bank of America cut their target price on shares of Boise Cascade from $111.00 to $107.00 and set a "buy" rating on the stock in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Boise Cascade presently has a consensus rating of "Moderate Buy" and a consensus target price of $120.17.

Insider Activity

In related news, SVP Jill Twedt sold 1,200 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $88.01, for a total transaction of $105,612.00. Following the sale, the senior vice president owned 34,649 shares of the company's stock, valued at $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 available at this link. Also, EVP Joanna L. Barney sold 1,000 shares of the business's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $87.68, for a total transaction of $87,680.00. Following the sale, the executive vice president directly owned 12,372 shares in the company, valued at $1,084,776.96. The trade was a 7.48% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.98% of the company's stock.

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.