Boise Cascade (NYSE:BCC) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lessened its position in Boise Cascade (NYSE:BCC - Free Report) by 68.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,092 shares of the construction company's stock after selling 4,603 shares during the period. Tower Research Capital LLC TRC's holdings in Boise Cascade were worth $249,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of BCC. R Squared Ltd purchased a new stake in shares of Boise Cascade in the 4th quarter worth $29,000. Principal Securities Inc. lifted its stake in 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 purchasing an additional 145 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Boise Cascade by 254.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 777 shares of the construction company's stock worth $92,000 after purchasing an additional 558 shares in the last quarter. PEAK6 LLC purchased a new stake in Boise Cascade during the 4th quarter worth about $201,000. Finally, KBC Group NV grew its stake in shares of Boise Cascade by 41.3% in the 4th quarter. KBC Group NV now owns 1,732 shares of the construction company's stock valued at $206,000 after purchasing an additional 506 shares during the last quarter. Institutional investors own 96.18% of the company's stock.

Insiders Place Their Bets

In related news, 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 transaction of $450,945.00. Following the completion of the transaction, the chief operating officer now owns 38,026 shares in the company, valued at approximately $3,810,585.46. This represents a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kristopher J. Matula sold 553 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $103.16, for a total transaction of $57,047.48. Following the completion of the sale, the director now directly owns 13,099 shares of the company's stock, valued at approximately $1,351,292.84. This trade represents a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BCC shares. Benchmark reaffirmed a "hold" rating on shares of Boise Cascade in a research report on Tuesday, February 25th. Truist Financial cut their target price on shares of Boise Cascade from $134.00 to $118.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. DA Davidson dropped their price objective 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. Loop Capital cut their price target on shares of Boise Cascade from $140.00 to $135.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, The Goldman Sachs Group decreased their target price 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $125.00.

Boise Cascade Stock Down 0.1 %

NYSE:BCC traded down $0.06 during trading hours on Friday, hitting $89.52. The stock had a trading volume of 74,709 shares, compared to its average volume of 328,343. The business has a 50 day simple moving average of $96.19 and a two-hundred day simple moving average of $117.84. The company has a market cap of $3.41 billion, a PE ratio of 9.36 and a beta of 1.43. Boise Cascade has a 1-year low of $84.53 and a 1-year high of $155.42. The company has a current ratio of 3.34, a quick ratio of 1.92 and a debt-to-equity ratio of 0.22.

Boise Cascade (NYSE:BCC - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The construction company reported $1.06 earnings per share for the quarter, missing analysts' consensus estimates of $1.36 by ($0.30). The firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. Boise Cascade had a return on equity of 17.04% and a net margin of 5.60%. The firm's revenue for the quarter was down 6.6% on a year-over-year basis. During the same period last year, the business earned $2.61 earnings per share. Analysts predict that Boise Cascade will post 10.15 EPS for the current year.

Boise Cascade Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Monday, June 2nd will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Monday, June 2nd. Boise Cascade's payout ratio is presently 10.49%.

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.