Boise Cascade (NYSE:BCC) SVP Sells $105,612.00 in Stock

Boise Cascade (NYSE:BCC - Get Free Report) SVP Jill Twedt sold 1,200 shares of Boise Cascade stock in a transaction dated 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 transaction, the senior vice president now owns 34,649 shares in the company, valued at $3,049,458.49. This trade represents a 3.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Boise Cascade Stock Down 0.9%

Shares of BCC stock traded down $0.77 during trading hours on Friday, reaching $86.71. 209,289 shares of the company's stock were exchanged, compared to its average volume of 327,532. Boise Cascade has a 1 year low of $83.86 and a 1 year high of $155.42. The stock has a market cap of $3.26 billion, a PE ratio of 9.07 and a beta of 1.36. The company has a current ratio of 3.34, a quick ratio of 1.92 and a debt-to-equity ratio of 0.22. The stock's fifty day moving average price is $91.60 and its two-hundred day moving average price is $110.33.

Boise Cascade (NYSE:BCC - Get Free Report) last issued its earnings results on Monday, May 5th. The construction company reported $1.06 EPS for the quarter, missing analysts' consensus estimates of $1.36 by ($0.30). The firm had revenue of $1.54 billion during 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%. Boise Cascade's quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.61 EPS. Research analysts predict that Boise Cascade will post 10.15 EPS for the current year.

Boise Cascade Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Monday, June 2nd will be given a $0.21 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.84 dividend on an annualized basis and a yield of 0.97%. Boise Cascade's dividend payout ratio is currently 10.49%.

Institutional Investors Weigh In On Boise Cascade

A number of large investors have recently bought and sold shares of the company. Quarry LP boosted its position in 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 purchasing an additional 211 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Boise Cascade by 120.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 406 shares of the construction company's stock valued at $40,000 after purchasing an additional 222 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Boise Cascade by 338.5% in the 1st quarter. Farther Finance Advisors LLC now owns 478 shares of the construction company's stock valued at $47,000 after purchasing an additional 369 shares during the last quarter. Principal Securities Inc. increased its stake in shares of Boise Cascade by 44.2% in the 4th quarter. Principal Securities Inc. now owns 473 shares of the construction company's stock worth $56,000 after acquiring an additional 145 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Boise Cascade by 93.7% in the 1st quarter. Blue Trust Inc. now owns 918 shares of the construction company's stock worth $90,000 after acquiring an additional 444 shares during the last quarter. Hedge funds and other institutional investors own 96.18% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BCC. Benchmark reiterated a "hold" rating on shares of Boise Cascade in a research note on Tuesday, February 25th. DA Davidson cut 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. BMO Capital Markets lowered their price target on Boise Cascade from $136.00 to $122.00 and set a "market perform" rating for the company in a report on Tuesday, February 25th. Truist Financial dropped their price target on Boise Cascade from $134.00 to $118.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, Loop Capital dropped 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price 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.