TrueMark Investments LLC Purchases Shares of 3,094 Boise Cascade, L.L.C. (NYSE:BCC)

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

Several other institutional investors have also modified their holdings of BCC. Westwood Holdings Group Inc. lifted its stake in shares of Boise Cascade by 3.9% during the 4th quarter. Westwood Holdings Group Inc. now owns 1,192,621 shares of the construction company's stock worth $141,755,000 after acquiring an additional 45,010 shares during the last quarter. American Century Companies Inc. lifted 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 worth $134,831,000 after acquiring an additional 121,790 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Boise Cascade by 37.9% during the 4th quarter. First Trust Advisors LP now owns 712,527 shares of the construction company's stock worth $84,691,000 after acquiring an additional 195,773 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Boise Cascade by 17.8% during the 4th quarter. Northern Trust Corp now owns 483,165 shares of the construction company's stock worth $57,429,000 after acquiring an additional 73,061 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Boise Cascade during the 4th quarter worth approximately $55,680,000. 96.18% of the stock is owned by institutional investors.

Insider Activity at Boise Cascade

In other Boise Cascade news, EVP Joanna L. Barney sold 1,000 shares of Boise Cascade stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $87.68, for a total value of $87,680.00. Following the sale, the executive vice president now owns 12,372 shares of the company's stock, valued at approximately $1,084,776.96. The trade was a 7.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jill Twedt sold 1,200 shares of Boise Cascade stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $88.01, for a total value of $105,612.00. Following the completion of the sale, the senior vice president now directly owns 34,649 shares in the company, valued at $3,049,458.49. This represents a 3.35% decrease in their position. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by corporate insiders.

Boise Cascade Price Performance

NYSE:BCC traded down $1.24 during trading hours on Wednesday, hitting $87.68. 455,013 shares of the stock were exchanged, compared to its average volume of 325,564. Boise Cascade, L.L.C. has a 52-week low of $83.60 and a 52-week high of $155.42. The firm's fifty day moving average price is $89.55 and its 200 day moving average price is $105.45. 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 cap of $3.30 billion, a P/E ratio of 10.95, a P/E/G ratio of 3.86 and a beta of 1.36.

Boise Cascade (NYSE:BCC - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The construction company reported $1.06 earnings per share 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 business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same quarter in the previous year, the company posted $2.61 earnings per share. The company's revenue was down 6.6% on a year-over-year basis. As a group, equities research analysts anticipate that Boise Cascade, L.L.C. will post 10.15 EPS for the current fiscal year.

Boise Cascade Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BCC. Benchmark reaffirmed a "hold" rating on shares of Boise Cascade in a research report on Tuesday, February 25th. Loop Capital decreased their target price on Boise Cascade from $140.00 to $135.00 and set a "buy" rating for the company in a research report on Monday, April 14th. BMO Capital Markets decreased their target price on Boise Cascade from $136.00 to $122.00 and set a "market perform" rating for the company in a research report on Tuesday, February 25th. Finally, Truist Financial decreased their target price on Boise Cascade from $134.00 to $118.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $125.00.

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.