Teacher Retirement System of Texas Cuts Position in Boise Cascade, L.L.C. (NYSE:BCC)

Teacher Retirement System of Texas trimmed 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 Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BCC. Quarry LP boosted its position in Boise Cascade by 502.4% in the 4th quarter. Quarry LP now owns 253 shares of the construction company's stock valued at $30,000 after buying an additional 211 shares during the period. Farther Finance Advisors LLC boosted its holdings in Boise Cascade by 338.5% in the first quarter. Farther Finance Advisors LLC now owns 478 shares of the construction company's stock valued at $47,000 after purchasing an additional 369 shares during the period. Blue Trust Inc. boosted its holdings in Boise Cascade by 93.7% in the first quarter. Blue Trust Inc. now owns 918 shares of the construction company's stock valued at $90,000 after purchasing an additional 444 shares during the period. Curat Global LLC acquired a new position in Boise Cascade during the 1st quarter worth $122,000. Finally, GAMMA Investing LLC increased its holdings in 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 purchasing an additional 550 shares during the period. 96.18% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other 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 completion of the sale, the senior vice president owned 34,649 shares in the company, valued at approximately $3,049,458.49. This represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joanna L. Barney sold 1,000 shares of the firm's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $87.68, for a total value of $87,680.00. Following the transaction, the executive vice president directly owned 12,372 shares in the company, valued at approximately $1,084,776.96. This represents a 7.48% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.98% of the company's stock.

Boise Cascade Stock Up 1.1%

Shares of NYSE:BCC opened at $93.36 on Friday. The firm has a 50 day simple moving average of $88.96 and a 200-day simple moving average of $102.22. Boise Cascade, L.L.C. has a twelve month low of $83.60 and a twelve month high of $155.42. 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 company has a market capitalization of $3.51 billion, a PE ratio of 11.66, a P/E/G ratio of 4.27 and a beta of 1.34.

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

Boise Cascade Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Monday, June 2nd. Boise Cascade's payout ratio is currently 10.49%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BCC shares. Loop Capital decreased their price objective 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. Truist Financial reduced their target price on shares of Boise Cascade from $114.00 to $106.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, Bank of America lowered their price target on shares of Boise Cascade from $111.00 to $107.00 and set a "buy" rating for the company in a report on Wednesday. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $120.17.

Boise Cascade 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.

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