Jill Twedt Sells 1,200 Shares of Boise Cascade (NYSE:BCC) Stock

Boise Cascade (NYSE:BCC - Get Free Report) SVP Jill Twedt sold 1,200 shares of the company's 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 sale, 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 SEC, which is accessible through this hyperlink.

Boise Cascade Stock Down 1.1%

NYSE:BCC traded down $0.93 on Friday, hitting $86.55. The stock had a trading volume of 72,229 shares, compared to its average volume of 325,972. The company has a quick ratio of 1.92, a current ratio of 3.34 and a debt-to-equity ratio of 0.22. Boise Cascade has a 52 week low of $83.86 and a 52 week high of $155.42. The business's fifty day moving average is $91.84 and its 200 day moving average is $111.07. The company has a market cap of $3.26 billion, a PE ratio of 9.05 and a beta of 1.36.

Boise Cascade (NYSE:BCC - Get Free Report) last issued its quarterly 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). 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 for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the business posted $2.61 earnings per share. The business's revenue was down 6.6% compared to the same quarter last year. On average, equities research analysts expect that Boise Cascade will post 10.15 EPS for the current fiscal year.

Boise Cascade Announces Dividend

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

Institutional Investors Weigh In On Boise Cascade

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vise Technologies Inc. raised its stake in shares of 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 period. SummerHaven Investment Management LLC lifted its stake in 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 purchasing an additional 114 shares in the last quarter. D.A. Davidson & CO. increased its stake in Boise Cascade by 4.2% in the 4th quarter. D.A. Davidson & CO. now owns 3,267 shares of the construction company's stock worth $388,000 after acquiring an additional 133 shares during the last quarter. Principal Securities Inc. raised its holdings 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 valued at $56,000 after acquiring an additional 145 shares in the last quarter. Finally, Peak Financial Advisors LLC boosted its position in shares of Boise Cascade by 4.8% during the 1st quarter. Peak Financial Advisors LLC now owns 3,624 shares of the construction company's stock valued at $355,000 after acquiring an additional 166 shares during the last quarter. 96.18% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Loop Capital decreased 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. Benchmark reiterated a "hold" rating on shares of Boise Cascade in a report on Tuesday, February 25th. BMO Capital Markets dropped their price objective on 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. DA Davidson lowered their target price on Boise Cascade from $155.00 to $125.00 and set a "buy" rating for the company in a report on Monday, February 24th. Finally, Truist Financial cut their price target on Boise Cascade from $134.00 to $118.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. One 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 company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $125.00.

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.