3,094 Shares in Boise Cascade, L.L.C. (NYSE:BCC) Purchased by TrueMark Investments LLC

TrueMark Investments LLC purchased a new position in Boise Cascade, L.L.C. (NYSE:BCC - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,094 shares of the construction company's stock, valued at approximately $303,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of BCC. Vise Technologies Inc. increased its position in shares of Boise Cascade by 3.4% during the fourth quarter. Vise Technologies Inc. now owns 3,021 shares of the construction company's stock worth $359,000 after acquiring an additional 100 shares during the period. SummerHaven Investment Management LLC grew its position in shares of Boise Cascade by 1.7% in the 1st quarter. SummerHaven Investment Management LLC now owns 6,708 shares of the construction company's stock worth $658,000 after buying an additional 114 shares during the last quarter. D.A. Davidson & CO. raised its stake in shares of Boise Cascade by 4.2% during the 4th quarter. D.A. Davidson & CO. now owns 3,267 shares of the construction company's stock worth $388,000 after acquiring an additional 133 shares in the last quarter. Principal Securities Inc. lifted its position in Boise Cascade by 44.2% during the fourth quarter. Principal Securities Inc. now owns 473 shares of the construction company's stock valued at $56,000 after acquiring an additional 145 shares during the last quarter. Finally, Peak Financial Advisors LLC boosted its stake in Boise Cascade by 4.8% in the first quarter. Peak Financial Advisors LLC now owns 3,624 shares of the construction company's stock valued at $355,000 after acquiring an additional 166 shares in the last quarter. 96.18% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Truist Financial reduced their price target on Boise Cascade from $134.00 to $118.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Loop Capital decreased 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Boise Cascade has a consensus rating of "Hold" and a consensus target price of $125.00.

Boise Cascade Stock Performance

Shares of NYSE BCC traded up $0.92 during mid-day trading on Friday, hitting $88.56. The stock had a trading volume of 830,735 shares, compared to its average volume of 327,284. The firm has a market cap of $3.33 billion, a PE ratio of 11.06, a PEG ratio of 3.80 and a beta of 1.36. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.51 and a current ratio of 2.82. The company has a 50 day moving average of $89.44 and a two-hundred day moving average of $105.05. Boise Cascade, L.L.C. has a twelve month low of $83.60 and a twelve month high of $155.42.

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 the consensus estimate of $1.36 by ($0.30). The firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. Boise Cascade had a return on equity of 14.36% and a net margin of 4.72%. The company's revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.61 earnings per share. Research analysts predict that Boise Cascade, L.L.C. will post 10.15 EPS for the current fiscal year.

Boise Cascade Announces Dividend

The firm 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 0.95%. The ex-dividend date of this dividend was Monday, June 2nd. Boise Cascade's dividend payout ratio (DPR) is currently 10.49%.

Insider Activity

In related 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 sale, the senior vice president now directly owns 34,649 shares of the company's stock, valued at $3,049,458.49. This trade represents a 3.35% decrease in their ownership of the stock. The transaction 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 business's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $87.68, for a total value of $87,680.00. Following the completion of the transaction, the executive vice president now directly owns 12,372 shares of the company's stock, valued at $1,084,776.96. The trade was a 7.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.98% of the company's stock.

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.