Segall Bryant & Hamill LLC Purchases 19,174 Shares of Boise Cascade, L.L.C. (NYSE:BCC)

Segall Bryant & Hamill LLC increased its stake in shares of Boise Cascade, L.L.C. (NYSE:BCC - Free Report) by 90.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 40,476 shares of the construction company's stock after acquiring an additional 19,174 shares during the period. Segall Bryant & Hamill LLC owned 0.11% of Boise Cascade worth $3,970,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Quarry LP grew its holdings in shares of Boise Cascade by 502.4% during the 4th quarter. Quarry LP now owns 253 shares of the construction company's stock worth $30,000 after purchasing an additional 211 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Boise Cascade by 338.5% in the 1st quarter. Farther Finance Advisors LLC now owns 478 shares of the construction company's stock valued at $47,000 after buying an additional 369 shares during the period. Blue Trust Inc. increased its stake in shares of Boise Cascade by 93.7% in the 1st quarter. Blue Trust Inc. now owns 918 shares of the construction company's stock valued at $90,000 after buying an additional 444 shares during the period. Curat Global LLC acquired a new stake in shares of Boise Cascade during the first quarter worth $122,000. Finally, GAMMA Investing LLC grew its stake in Boise Cascade by 60.6% in the first quarter. GAMMA Investing LLC now owns 1,458 shares of the construction company's stock valued at $143,000 after acquiring an additional 550 shares during the period. Institutional investors and hedge funds own 96.18% of the company's stock.

Boise Cascade Trading Down 3.3%

Shares of Boise Cascade stock traded down $2.83 during trading on Friday, reaching $83.89. 461,029 shares of the stock were exchanged, compared to its average volume of 326,971. The company has a quick ratio of 1.51, a current ratio of 2.82 and a debt-to-equity ratio of 0.22. The stock's fifty day moving average is $88.61 and its 200 day moving average is $100.68. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 10.47, a price-to-earnings-growth ratio of 3.88 and a beta of 1.34. Boise Cascade, L.L.C. has a 1 year low of $83.46 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 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 company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same quarter last year, the business earned $2.61 earnings per share. The business's quarterly revenue was down 6.6% on a year-over-year basis. As a group, equities research analysts expect that Boise Cascade, L.L.C. will post 10.15 earnings per share for the current fiscal year.

Boise Cascade Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.84 annualized dividend and a dividend yield of 1.00%. Boise Cascade's dividend payout ratio (DPR) is presently 10.49%.

Wall Street Analysts Forecast Growth

BCC has been the topic of several research analyst reports. DA Davidson dropped their price objective on Boise Cascade from $115.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday. Truist Financial decreased their price target on Boise Cascade from $114.00 to $106.00 and set a "buy" rating for the company in a report on Tuesday, July 8th. Loop Capital cut their price target on Boise Cascade from $140.00 to $135.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Bank of America cut their target price on Boise Cascade from $111.00 to $107.00 and set a "buy" rating on the stock in a research note on Wednesday, July 9th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Boise Cascade presently has a consensus rating of "Moderate Buy" and a consensus target price of $116.00.

Insider Buying and Selling

In related news, SVP Jill Twedt sold 1,200 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $88.01, for a total value of $105,612.00. Following the transaction, the senior vice president directly owned 34,649 shares of the company's stock, valued at approximately $3,049,458.49. This trade represents a 3.35% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Joanna L. Barney sold 1,000 shares of the firm's stock in a transaction that occurred on 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 owned 12,372 shares of the company's stock, valued at $1,084,776.96. This represents a 7.48% decrease in their position. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by insiders.

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.