Universal Beteiligungs und Servicegesellschaft mbH Sells 4,281 Shares of Boise Cascade, L.L.C. (NYSE:BCC)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in Boise Cascade by 5.1%, selling 4,281 shares and owning approximately 0.21% of the company valued at $7.7 million at the end of the first quarter.
• Boise Cascade reported earnings of $1.06 per share for the quarter, missing estimates by $0.30, with revenue slightly above expectations at $1.54 billion, but down 6.6% year-over-year.
• The company announced a quarterly dividend of $0.21 per share, leading to an annualized dividend yield of 0.95% and a payout ratio of 10.49%.

Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in Boise Cascade, L.L.C. (NYSE:BCC - Free Report) by 5.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,960 shares of the construction company's stock after selling 4,281 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.21% of Boise Cascade worth $7,745,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in BCC. Quarry LP raised its stake in shares of Boise Cascade by 502.4% during the fourth quarter. Quarry LP now owns 253 shares of the construction company's stock valued at $30,000 after acquiring an additional 211 shares during the last quarter. Farther Finance Advisors LLC grew 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 worth $47,000 after purchasing an additional 369 shares during the period. Blue Trust Inc. grew its holdings in shares of Boise Cascade by 93.7% during the first quarter. Blue Trust Inc. now owns 918 shares of the construction company's stock valued at $90,000 after buying an additional 444 shares during the last quarter. Curat Global LLC purchased a new stake in shares of Boise Cascade during the first quarter valued at approximately $122,000. Finally, GAMMA Investing LLC grew its holdings in shares of Boise Cascade by 60.6% during the first quarter. GAMMA Investing LLC now owns 1,458 shares of the construction company's stock valued at $143,000 after buying an additional 550 shares during the last quarter. 96.18% of the stock is owned by institutional investors.

Boise Cascade Stock Performance

Boise Cascade stock traded down $1.32 during midday trading on Wednesday, reaching $84.82. 313,766 shares of the company traded hands, compared to its average volume of 325,774. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 10.59, a price-to-earnings-growth ratio of 4.20 and a beta of 1.34. The business has a 50 day moving average of $87.89 and a two-hundred day moving average of $99.17. Boise Cascade, L.L.C. has a 12 month low of $83.09 and a 12 month high of $155.42. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.82 and a quick ratio of 1.51.

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

Boise Cascade Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd were given a $0.21 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.84 annualized dividend and a yield of 0.99%. Boise Cascade's payout ratio is presently 10.49%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Loop Capital cut their price target on shares of Boise Cascade from $140.00 to $135.00 and set a "buy" rating on the stock in a report on Monday, April 14th. DA Davidson cut their price target on shares of Boise Cascade from $115.00 to $100.00 and set a "buy" rating on the stock in a report on Friday, July 18th. Truist Financial cut their price target on shares of Boise Cascade from $114.00 to $106.00 and set a "buy" rating on the stock in a report on Tuesday, July 8th. Finally, Bank of America cut their price target on shares of Boise Cascade from $111.00 to $107.00 and set a "buy" rating on the stock in a report on Wednesday, July 9th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $116.00.

Insider Activity at Boise Cascade

In other Boise Cascade news, SVP Jill Twedt sold 1,200 shares of the stock in a transaction on Wednesday, June 4th. The stock was 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 owned 34,649 shares in the company, valued at approximately $3,049,458.49. This represents a 3.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 directly 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 currently 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.