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

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

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Boise Cascade during the fourth quarter valued at approximately $55,680,000. First Trust Advisors LP raised its holdings in shares of Boise Cascade by 37.9% during the fourth 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. GAMMA Investing LLC increased its stake in Boise Cascade by 15,650.6% in the 1st quarter. GAMMA Investing LLC now owns 143,015 shares of the construction company's stock valued at $14,028,000 after buying an additional 142,107 shares during the period. American Century Companies Inc. boosted its stake in shares of Boise Cascade by 12.0% during the 4th quarter. American Century Companies Inc. now owns 1,134,364 shares of the construction company's stock valued at $134,831,000 after buying an additional 121,790 shares during the period. Finally, Tidal Investments LLC boosted its stake in shares of Boise Cascade by 534.5% during the 4th quarter. Tidal Investments LLC now owns 100,295 shares of the construction company's stock valued at $11,921,000 after buying an additional 84,487 shares during the period. 96.18% of the stock is currently owned by institutional investors.

Boise Cascade Stock Performance

NYSE:BCC traded up $3.61 during trading hours on Tuesday, hitting $87.12. 427,236 shares of the company traded hands, compared to its average volume of 327,730. Boise Cascade, L.L.C. has a twelve month low of $83.45 and a twelve month high of $155.42. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 10.88, a P/E/G ratio of 3.86 and a beta of 1.34. The company has a current ratio of 2.82, a quick ratio of 1.51 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average of $88.28 and a 200 day moving average of $100.23.

Boise Cascade (NYSE:BCC - Get Free Report) last announced 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 business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. Boise Cascade had a net margin of 4.72% and a return on equity of 14.36%. The company's quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.61 EPS. On average, analysts forecast that Boise Cascade, L.L.C. will post 10.15 EPS for the current year.

Boise Cascade Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 2nd were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Monday, June 2nd. Boise Cascade's dividend payout ratio (DPR) is currently 10.49%.

Analysts Set New Price Targets

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

Insider Transactions at Boise Cascade

In other Boise Cascade news, SVP Jill Twedt sold 1,200 shares of the 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. This represents a 3.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joanna L. Barney sold 1,000 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were 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 directly owned 12,372 shares in the company, valued at $1,084,776.96. This trade represents a 7.48% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.11% 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.