Insider Selling: Boise Cascade (NYSE:BCC) EVP Sells 1,000 Shares of Stock

Boise Cascade (NYSE:BCC - Get Free Report) EVP Joanna L. Barney sold 1,000 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $87.68, for a total transaction of $87,680.00. Following the sale, the executive vice president now directly owns 12,372 shares in the company, valued at $1,084,776.96. This trade represents a 7.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Boise Cascade Stock Performance

Shares of BCC traded down $0.93 on Friday, reaching $86.55. The company's stock had a trading volume of 72,229 shares, compared to its average volume of 325,972. The stock's 50 day simple moving average is $91.84 and its two-hundred day simple moving average is $111.07. 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 stock has a market capitalization of $3.26 billion, a P/E ratio of 9.05 and a beta of 1.36. Boise Cascade has a 12-month low of $83.86 and a 12-month high of $155.42.

Boise Cascade (NYSE:BCC - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The construction company reported $1.06 EPS 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 company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same quarter last year, the company earned $2.61 earnings per share. The company's revenue for the quarter was down 6.6% on a year-over-year basis. Research analysts forecast that Boise Cascade will post 10.15 earnings per share for the current fiscal year.

Boise Cascade Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BCC. Vanguard Group Inc. grew its stake in shares of Boise Cascade by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 4,422,544 shares of the construction company's stock valued at $433,807,000 after acquiring an additional 70,231 shares during the period. Wellington Management Group LLP lifted its position in shares of Boise Cascade by 1.4% in the first quarter. Wellington Management Group LLP now owns 2,629,978 shares of the construction company's stock worth $257,975,000 after buying an additional 35,639 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in Boise Cascade by 25.7% in the 1st quarter. Westwood Holdings Group Inc. now owns 1,499,305 shares of the construction company's stock worth $147,067,000 after acquiring an additional 306,684 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Boise Cascade by 8.1% in the first quarter. American Century Companies Inc. now owns 1,226,383 shares of the construction company's stock valued at $120,296,000 after purchasing an additional 92,019 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in Boise Cascade by 37.9% during the fourth quarter. First Trust Advisors LP now owns 712,527 shares of the construction company's stock valued at $84,691,000 after purchasing an additional 195,773 shares in the last quarter. Institutional investors own 96.18% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BCC shares. Truist Financial reduced 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. Benchmark reissued a "hold" rating on shares of Boise Cascade in a report on Tuesday, February 25th. Loop Capital decreased their target price on 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 price target 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. Finally, DA Davidson reduced their price target on shares of Boise Cascade from $155.00 to $125.00 and set a "buy" rating for the company in a research note on Monday, February 24th. One investment 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 MarketBeat, the stock presently has an average rating of "Hold" and an average target price 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.