Boise Cascade (NYSE:BCC) Shares Bought by Voloridge Investment Management LLC

Voloridge Investment Management LLC boosted its holdings in shares of Boise Cascade (NYSE:BCC - Free Report) by 80.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,702 shares of the construction company's stock after purchasing an additional 7,021 shares during the quarter. Voloridge Investment Management LLC's holdings in Boise Cascade were worth $1,866,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of BCC. R Squared Ltd purchased a new position in shares of Boise Cascade in the 4th quarter worth approximately $29,000. Quarry LP lifted its holdings in shares of Boise Cascade by 502.4% in the 4th quarter. Quarry LP now owns 253 shares of the construction company's stock worth $30,000 after acquiring an additional 211 shares during the last quarter. Principal Securities Inc. boosted its position in shares of 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 buying an additional 145 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Boise Cascade by 254.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 777 shares of the construction company's stock worth $92,000 after acquiring an additional 558 shares during the last quarter. Finally, Quantinno Capital Management LP purchased a new position in Boise Cascade during the 4th quarter valued at $200,000. Institutional investors own 96.18% of the company's stock.

Boise Cascade Stock Down 2.1%

NYSE BCC traded down $1.80 during trading on Monday, reaching $85.08. 309,591 shares of the company's stock traded hands, compared to its average volume of 326,986. Boise Cascade has a 12-month low of $83.89 and a 12-month high of $155.42. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.34 and a quick ratio of 1.92. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 8.90 and a beta of 1.43. The company's 50 day simple moving average is $92.53 and its two-hundred day simple moving average is $111.78.

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 (EPS) for the quarter, missing the consensus estimate of $1.36 by ($0.30). The business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. Boise Cascade had a net margin of 5.60% and a return on equity of 17.04%. The business's quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.61 earnings per share. As a group, sell-side analysts forecast that Boise Cascade will post 10.15 EPS for the current fiscal year.

Boise Cascade Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.99%. Boise Cascade's dividend payout ratio is presently 10.49%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on BCC shares. DA Davidson reduced their target price on Boise Cascade from $155.00 to $125.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Benchmark reaffirmed a "hold" rating on shares of Boise Cascade in a research note on Tuesday, February 25th. Loop Capital lowered their price objective on shares of 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 dropped their target price on shares of Boise Cascade from $136.00 to $122.00 and set a "market perform" rating on the stock in a research note on Tuesday, February 25th. Finally, Truist Financial reduced their target price on shares of Boise Cascade from $134.00 to $118.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Boise Cascade currently has an average rating of "Hold" and an average target price of $125.00.

Insider Transactions at Boise Cascade

In other news, COO Jeffrey Robert Strom sold 4,500 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $100.21, for a total value of $450,945.00. Following the sale, the chief operating officer now directly owns 38,026 shares in the company, valued at approximately $3,810,585.46. This trade represents a 10.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.98% of the company's stock.

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.