2,992 Shares in Boise Cascade, L.L.C. (NYSE:BCC) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in shares of Boise Cascade, L.L.C. (NYSE:BCC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,992 shares of the construction company's stock, valued at approximately $293,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Vise Technologies Inc. raised its position in Boise Cascade by 3.4% during the 4th quarter. Vise Technologies Inc. now owns 3,021 shares of the construction company's stock valued at $359,000 after purchasing an additional 100 shares during the last quarter. SummerHaven Investment Management LLC raised 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 acquiring an additional 114 shares in the last quarter. Peak Financial Advisors LLC lifted its stake in shares of Boise Cascade by 4.8% in the 1st quarter. Peak Financial Advisors LLC now owns 3,624 shares of the construction company's stock valued at $355,000 after purchasing an additional 166 shares during the period. Quarry LP boosted its position 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 purchasing an additional 211 shares in the last quarter. Finally, Unison Advisors LLC boosted its position in shares of Boise Cascade by 3.6% during the fourth quarter. Unison Advisors LLC now owns 7,443 shares of the construction company's stock valued at $885,000 after purchasing an additional 261 shares in the last quarter. Institutional investors own 96.18% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on BCC. Truist Financial dropped their price target on Boise Cascade from $114.00 to $106.00 and set a "buy" rating on the stock in a research report on Tuesday, July 8th. Loop Capital cut their price target on Boise Cascade from $140.00 to $135.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Bank of America cut their price target on Boise Cascade from $111.00 to $107.00 and set a "buy" rating on the stock in a research note on Wednesday, July 9th. Finally, DA Davidson cut their price target on Boise Cascade from $115.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday, July 18th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $116.00.

Boise Cascade Stock Down 0.8%

BCC traded down $0.64 during trading on Friday, hitting $83.17. 365,379 shares of the company's stock traded hands, compared to its average volume of 334,523. The company's 50 day simple moving average is $87.70 and its two-hundred day simple moving average is $98.54. The company has a current ratio of 2.82, a quick ratio of 1.51 and a debt-to-equity ratio of 0.22. Boise Cascade, L.L.C. has a 12-month low of $81.89 and a 12-month high of $155.42. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 4.09 and a beta of 1.34.

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

Boise Cascade Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.22 per share. This is a boost from Boise Cascade's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 2nd. Boise Cascade's payout ratio is 10.49%.

Insider Transactions at Boise Cascade

In other Boise Cascade 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 directly owned 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 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 transaction, the executive vice president owned 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 disclosure for this sale can be found here. 0.98% of the stock is owned by company insiders.

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.