Boise Cascade, L.L.C. (NYSE:BCC) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its position in shares of Boise Cascade, L.L.C. (NYSE:BCC - Free Report) by 37.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,723 shares of the construction company's stock after selling 12,485 shares during the period. Teacher Retirement System of Texas owned approximately 0.05% of Boise Cascade worth $2,033,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of BCC. Blue Trust Inc. increased its holdings 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 worth $90,000 after buying 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 position in shares of 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 buying an additional 7,983 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Boise Cascade by 139.1% during the fourth quarter. HighTower Advisors LLC now owns 4,507 shares of the construction company's stock valued at $536,000 after purchasing an additional 2,622 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. bought a new stake in Boise Cascade in the fourth quarter worth $728,000. Institutional investors own 96.18% of the company's stock.

Insider Activity

In other Boise Cascade 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 value of $105,612.00. Following the transaction, the senior vice president directly owned 34,649 shares in the company, valued at $3,049,458.49. The trade was a 3.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Joanna L. Barney sold 1,000 shares of the company'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 completion of the transaction, the executive vice president owned 12,372 shares in the company, valued at approximately $1,084,776.96. This represents a 7.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.98% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on BCC. Truist Financial reduced their price objective on Boise Cascade from $114.00 to $106.00 and set a "buy" rating for the company in a report on Tuesday. Loop Capital cut their target price on shares of Boise Cascade from $140.00 to $135.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Bank of America lowered their price target on Boise Cascade from $111.00 to $107.00 and set a "buy" rating on the stock in a report on Wednesday. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Boise Cascade has a consensus rating of "Moderate Buy" and a consensus target price of $120.17.

Boise Cascade Stock Down 2.3%

Shares of NYSE BCC traded down $2.10 during midday trading on Friday, reaching $91.16. 413,069 shares of the company's stock traded hands, compared to its average volume of 326,287. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 11.38, a P/E/G ratio of 4.27 and a beta of 1.34. The stock's 50 day simple moving average is $88.96 and its 200-day simple moving average is $102.22. 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 one year low of $83.60 and a one year high of $155.42.

Boise Cascade (NYSE:BCC - Get Free Report) last released its quarterly earnings results 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 the consensus estimate of $1.53 billion. During the same period in the previous year, the firm posted $2.61 earnings per share. The company's revenue was down 6.6% on a year-over-year basis. On average, analysts predict that Boise Cascade, L.L.C. will post 10.15 EPS for the current fiscal year.

Boise Cascade Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 2nd were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.92%. The ex-dividend date was Monday, June 2nd. Boise Cascade's dividend payout ratio (DPR) is 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.