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

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

Other large investors also recently made changes to their positions in the company. Quarry LP lifted its stake 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 during the period. Farther Finance Advisors LLC increased its holdings in shares of Boise Cascade by 338.5% during the 1st quarter. Farther Finance Advisors LLC now owns 478 shares of the construction company's stock worth $47,000 after buying an additional 369 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Boise Cascade by 93.7% during 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. Curat Global LLC acquired a new stake in shares of Boise Cascade during the 1st quarter worth $122,000. Finally, GAMMA Investing LLC increased its holdings in shares of Boise Cascade by 60.6% during the 1st quarter. GAMMA Investing LLC now owns 1,458 shares of the construction company's stock worth $143,000 after buying an additional 550 shares during the last quarter. Hedge funds and other institutional investors own 96.18% of the company's stock.

Boise Cascade Stock Down 1.8%

NYSE BCC traded down $1.66 during trading hours on Monday, hitting $89.50. The company had a trading volume of 317,717 shares, compared to its average volume of 325,961. Boise Cascade, L.L.C. has a fifty-two week low of $83.60 and a fifty-two week high of $155.42. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 11.17, a P/E/G ratio of 4.22 and a beta of 1.34. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.82 and a quick ratio of 1.51. The firm's 50 day moving average is $88.86 and its 200 day moving average is $101.70.

Boise Cascade (NYSE:BCC - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The construction company reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.36 by ($0.30). Boise Cascade had a net margin of 4.72% and a return on equity of 14.36%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the company posted $2.61 earnings per share. The firm's revenue for the quarter was down 6.6% on a year-over-year basis. Sell-side analysts anticipate 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. Stockholders of record on Monday, June 2nd were paid a dividend of $0.21 per share. The ex-dividend date was Monday, June 2nd. This represents a $0.84 annualized dividend and a dividend yield of 0.94%. Boise Cascade's dividend payout ratio is presently 10.49%.

Analyst Upgrades and Downgrades

BCC has been the subject of a number of research analyst reports. Bank of America dropped their price objective on Boise Cascade from $111.00 to $107.00 and set a "buy" rating for the company in a report on Wednesday, July 9th. Loop Capital dropped their price objective on Boise Cascade from $140.00 to $135.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Truist Financial dropped 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, July 8th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $120.17.

Insider Activity

In other news, SVP Jill Twedt sold 1,200 shares of the firm's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $88.01, for a total transaction of $105,612.00. Following the completion of the sale, the senior vice president directly owned 34,649 shares in the company, valued at $3,049,458.49. This trade represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 value 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 ownership of the stock. The disclosure for this sale can be found here. 0.98% of the stock is owned by company insiders.

About Boise Cascade

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.