Boise Cascade (NYSE:BCC) Shares Acquired by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. lifted its stake in Boise Cascade (NYSE:BCC - Free Report) by 3.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,192,621 shares of the construction company's stock after buying an additional 45,010 shares during the quarter. Boise Cascade makes up about 1.1% of Westwood Holdings Group Inc.'s investment portfolio, making the stock its 13th largest position. Westwood Holdings Group Inc. owned about 3.11% of Boise Cascade worth $141,755,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the stock. R Squared Ltd bought a new stake in Boise Cascade in the fourth quarter worth $29,000. Quarry LP increased its position in 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. Principal Securities Inc. increased 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. Smartleaf Asset Management LLC increased its position in Boise Cascade by 254.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 777 shares of the construction company's stock valued at $92,000 after acquiring an additional 558 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new position in Boise Cascade during the fourth quarter valued at $200,000. Hedge funds and other institutional investors own 96.18% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on BCC shares. DA Davidson cut their price objective on shares of Boise Cascade from $155.00 to $125.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Benchmark restated a "hold" rating on shares of Boise Cascade in a report on Tuesday, February 25th. 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 report on Tuesday, February 25th. Loop Capital decreased their price target 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. Finally, Truist Financial decreased their price target on shares of 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 equities research 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 MarketBeat, Boise Cascade currently has an average rating of "Hold" and a consensus target price of $125.00.

Insider Buying and Selling

In other news, COO Jeffrey Robert Strom sold 4,500 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $100.21, for a total transaction of $450,945.00. Following the sale, the chief operating officer now owns 38,026 shares of the company's stock, valued at $3,810,585.46. This trade represents a 10.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kristopher J. Matula sold 553 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $103.16, for a total transaction of $57,047.48. Following the sale, the director now directly owns 13,099 shares in the company, valued at $1,351,292.84. The trade was a 4.05% decrease in their position. The disclosure for this sale can be found here. 0.98% of the stock is owned by corporate insiders.

Boise Cascade Stock Performance

NYSE:BCC traded down $0.81 during midday trading on Friday, hitting $86.52. The company's stock had a trading volume of 251,285 shares, compared to its average volume of 327,224. Boise Cascade has a fifty-two week low of $84.53 and a fifty-two week high of $155.42. The firm's 50 day moving average is $94.19 and its 200-day moving average is $114.44. 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 $3.26 billion, a P/E ratio of 9.05 and a beta of 1.43.

Boise Cascade (NYSE:BCC - Get Free Report) last issued 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 17.04% and a net margin of 5.60%. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the company posted $2.61 EPS. Boise Cascade's quarterly revenue was down 6.6% compared to the same quarter last year. Equities analysts anticipate that Boise Cascade will post 10.15 earnings per share for the current fiscal year.

Boise Cascade Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors 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 annualized dividend and a yield of 0.97%. Boise Cascade's dividend payout ratio (DPR) is presently 10.49%.

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.