LPL Financial LLC Acquires 3,187 Shares of Boise Cascade (NYSE:BCC)

LPL Financial LLC increased its position in Boise Cascade (NYSE:BCC - Free Report) by 29.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 14,127 shares of the construction company's stock after buying an additional 3,187 shares during the period. LPL Financial LLC's holdings in Boise Cascade were worth $1,679,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. American Century Companies Inc. boosted its stake in shares of Boise Cascade by 12.0% in the fourth quarter. American Century Companies Inc. now owns 1,134,364 shares of the construction company's stock worth $134,831,000 after acquiring an additional 121,790 shares during the period. Barclays PLC lifted its holdings in Boise Cascade by 174.1% in the 3rd quarter. Barclays PLC now owns 90,366 shares of the construction company's stock worth $12,739,000 after purchasing an additional 57,403 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Boise Cascade in the 4th quarter worth approximately $5,777,000. World Investment Advisors LLC purchased a new stake in Boise Cascade during the 3rd quarter valued at approximately $3,995,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Boise Cascade during the fourth quarter valued at approximately $3,334,000. Hedge funds and other institutional investors own 96.18% of the company's stock.

Boise Cascade Trading Up 2.2 %

Shares of Boise Cascade stock traded up $1.99 on Tuesday, reaching $92.79. The company had a trading volume of 313,247 shares, compared to its average volume of 328,199. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 9.71 and a beta of 1.52. 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 firm's 50-day moving average price is $100.53 and its two-hundred day moving average price is $121.77. Boise Cascade has a 1 year low of $87.84 and a 1 year high of $155.42.

Boise Cascade (NYSE:BCC - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The construction company reported $1.78 earnings per share for the quarter, missing analysts' consensus estimates of $1.79 by ($0.01). Boise Cascade had a net margin of 5.60% and a return on equity of 17.04%. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.57 billion. As a group, research analysts predict that Boise Cascade will post 10.15 earnings per share for the current fiscal year.

Boise Cascade Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, February 24th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Monday, February 24th. Boise Cascade's dividend payout ratio (DPR) is currently 8.79%.

Analysts Set New Price Targets

BCC has been the subject of several research analyst reports. Loop Capital cut their target price on shares of Boise Cascade from $140.00 to $135.00 and set a "buy" rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group cut their price objective on Boise Cascade from $145.00 to $126.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Truist Financial dropped their price target on Boise Cascade from $134.00 to $118.00 and set a "buy" rating for the company in a research note on Tuesday. Benchmark reaffirmed a "hold" rating on shares of Boise Cascade in a research note on Tuesday, February 25th. Finally, BMO Capital Markets lowered their target price on Boise Cascade from $136.00 to $122.00 and set a "market perform" rating for the company in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Boise Cascade has a consensus rating of "Hold" and a consensus price target of $125.00.

Insider Buying and Selling at Boise Cascade

In other Boise Cascade news, Director Kristopher J. Matula sold 553 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $103.16, for a total value of $57,047.48. Following the transaction, the director now directly owns 13,099 shares in the company, valued at $1,351,292.84. This represents a 4.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jeffrey Robert Strom sold 4,500 shares of Boise Cascade stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $100.21, for a total transaction of $450,945.00. Following the sale, the chief operating officer now directly owns 38,026 shares of the company's stock, valued at $3,810,585.46. This represents a 10.58 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.98% of the company's stock.

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.