JPMorgan Chase & Co. Has $38.46 Million Stake in Boise Cascade (NYSE:BCC)

JPMorgan Chase & Co. decreased its position in Boise Cascade (NYSE:BCC - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 323,587 shares of the construction company's stock after selling 12,279 shares during the period. JPMorgan Chase & Co. owned approximately 0.84% of Boise Cascade worth $38,462,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Boise Cascade by 133.7% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 7,016 shares of the construction company's stock worth $834,000 after buying an additional 4,014 shares in the last quarter. EFG Asset Management North America Corp. grew its stake in shares of Boise Cascade by 59.1% in the fourth quarter. EFG Asset Management North America Corp. now owns 18,220 shares of the construction company's stock worth $2,166,000 after purchasing an additional 6,770 shares in the last quarter. Segall Bryant & Hamill LLC grew its stake in shares of Boise Cascade by 49.4% in the fourth quarter. Segall Bryant & Hamill LLC now owns 21,302 shares of the construction company's stock worth $2,532,000 after purchasing an additional 7,048 shares in the last quarter. Bridge City Capital LLC increased its holdings in shares of Boise Cascade by 0.9% during the fourth quarter. Bridge City Capital LLC now owns 21,528 shares of the construction company's stock valued at $2,559,000 after purchasing an additional 192 shares during the period. Finally, LPL Financial LLC raised its stake in shares of Boise Cascade by 29.1% during the fourth quarter. LPL Financial LLC now owns 14,127 shares of the construction company's stock valued at $1,679,000 after purchasing an additional 3,187 shares in the last quarter. Institutional investors and hedge funds own 96.18% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group decreased their target price on shares of Boise Cascade from $145.00 to $126.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Loop Capital decreased their price objective on shares of Boise Cascade from $145.00 to $140.00 and set a "buy" rating for the company in a report on Monday, February 24th. Truist Financial dropped their target price on Boise Cascade from $157.00 to $134.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Benchmark reaffirmed a "hold" rating on shares of Boise Cascade in a research note on Tuesday, February 25th. Finally, BMO Capital Markets lowered their price target on Boise Cascade from $136.00 to $122.00 and set a "market perform" rating on the stock in a research report on Tuesday, February 25th. 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's stock. According to MarketBeat.com, Boise Cascade presently has a consensus rating of "Hold" and a consensus price target of $128.50.

Insider Buying and Selling at Boise Cascade

In other news, Director Kristopher J. Matula sold 553 shares of Boise Cascade stock in a transaction 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 transaction, the director now owns 13,099 shares in the company, valued at approximately $1,351,292.84. The trade was a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Jeffrey Robert Strom sold 4,500 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $100.21, for a total value of $450,945.00. Following the transaction, the chief operating officer now directly owns 38,026 shares in the company, valued at $3,810,585.46. The trade was a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.98% of the company's stock.

Boise Cascade Price Performance

Boise Cascade stock traded up $0.83 during mid-day trading on Friday, hitting $95.51. The company's stock had a trading volume of 261,309 shares, compared to its average volume of 330,827. Boise Cascade has a twelve month low of $87.84 and a twelve month high of $155.42. The stock's fifty day moving average price is $104.66 and its two-hundred day moving average price is $124.05. The stock has a market capitalization of $3.62 billion, a P/E ratio of 9.99 and a beta of 1.52. 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 (NYSE:BCC - Get Free Report) last issued its earnings results on Thursday, February 20th. The construction company reported $1.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.79 by ($0.01). Boise Cascade had a return on equity of 17.04% and a net margin of 5.60%. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.57 billion. Research analysts forecast that Boise Cascade will post 10.15 earnings per share for the current year.

Boise Cascade Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, February 24th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.84 annualized dividend and a yield of 0.88%. Boise Cascade's payout ratio is presently 8.79%.

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.