Rhumbline Advisers Sells 8,014 Shares of Boise Cascade (NYSE:BCC)

Rhumbline Advisers lowered its position in Boise Cascade (NYSE:BCC - Free Report) by 6.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 112,166 shares of the construction company's stock after selling 8,014 shares during the quarter. Rhumbline Advisers owned 0.30% of Boise Cascade worth $11,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in shares of Boise Cascade by 15,650.6% during the 1st quarter. GAMMA Investing LLC now owns 143,015 shares of the construction company's stock worth $14,028,000 after buying an additional 142,107 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Boise Cascade during the 4th quarter valued at $9,894,000. Mackenzie Financial Corp lifted its position in shares of Boise Cascade by 263.7% during the 4th quarter. Mackenzie Financial Corp now owns 19,142 shares of the construction company's stock valued at $2,275,000 after acquiring an additional 13,879 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Boise Cascade by 3.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 50,833 shares of the construction company's stock worth $6,042,000 after acquiring an additional 1,471 shares in the last quarter. Finally, Vise Technologies Inc. grew its holdings in Boise Cascade by 3.4% in the fourth quarter. Vise Technologies Inc. now owns 3,021 shares of the construction company's stock worth $359,000 after purchasing an additional 100 shares during the period. Institutional investors own 96.18% of the company's stock.

Boise Cascade Stock Performance

BCC traded down $2.57 during trading on Friday, hitting $85.47. 253,130 shares of the company traded hands, compared to its average volume of 326,256. Boise Cascade has a one year low of $83.86 and a one year high of $155.42. The stock's fifty day moving average is $90.94 and its 200 day moving average is $108.78. 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 firm has a market cap of $3.22 billion, a P/E ratio of 8.94 and a beta of 1.37.

Boise Cascade (NYSE:BCC - Get Free Report) last released its earnings results on Monday, May 5th. The construction company reported $1.06 earnings per share 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 net margin of 5.60% and a return on equity of 17.04%. The firm's revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.61 earnings per share. As a group, equities analysts predict that Boise Cascade will post 10.15 EPS for the current fiscal year.

Boise Cascade Dividend Announcement

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

Insider Buying and Selling at Boise Cascade

In other Boise Cascade news, EVP Joanna L. Barney sold 1,000 shares of Boise Cascade 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 completion of the transaction, the executive vice president now owns 12,372 shares of the company's stock, valued at $1,084,776.96. The trade was a 7.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jill Twedt sold 1,200 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The shares were 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 of the company's stock, valued at approximately $3,049,458.49. This represents a 3.35% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.11% of the company's stock.

Analysts Set New Price Targets

BCC has been the topic of several research reports. Benchmark reiterated a "hold" rating on shares of Boise Cascade in a report on Tuesday, February 25th. Loop Capital cut their target price on Boise Cascade from $140.00 to $135.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. BMO Capital Markets lowered their price target 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. Truist Financial dropped 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. Finally, DA Davidson reduced their target price on shares of Boise Cascade from $155.00 to $125.00 and set a "buy" rating for the company in a research note on Monday, February 24th. One equities 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $125.00.

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.