Tudor Investment Corp ET AL Acquires 16,993 Shares of Boise Cascade (NYSE:BCC)

Tudor Investment Corp ET AL grew its position in shares of Boise Cascade (NYSE:BCC - Free Report) by 139.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,164 shares of the construction company's stock after purchasing an additional 16,993 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.08% of Boise Cascade worth $3,466,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BCC. Norges Bank acquired a new stake in Boise Cascade during the 4th quarter worth approximately $55,680,000. First Trust Advisors LP increased its holdings in Boise Cascade by 37.9% in 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 during the period. American Century Companies Inc. raised its position in Boise Cascade by 12.0% during the 4th quarter. American Century Companies Inc. now owns 1,134,364 shares of the construction company's stock worth $134,831,000 after purchasing an additional 121,790 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in Boise Cascade by 322.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 109,770 shares of the construction company's stock worth $13,048,000 after buying an additional 83,776 shares during the period. Finally, Barclays PLC grew its position in shares of Boise Cascade by 174.1% in the 3rd quarter. Barclays PLC now owns 90,366 shares of the construction company's stock valued at $12,739,000 after buying an additional 57,403 shares during the last quarter. 96.18% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BCC. Benchmark restated a "hold" rating on shares of Boise Cascade in a research report on Tuesday, February 25th. Truist Financial dropped their price target on shares of Boise Cascade from $134.00 to $118.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. The Goldman Sachs Group decreased their price objective 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. BMO Capital Markets dropped their target price 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, Loop Capital decreased their price target on Boise Cascade from $140.00 to $135.00 and set a "buy" rating for the company in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $125.00.

Boise Cascade Stock Down 5.0 %

NYSE:BCC traded down $4.62 during trading hours on Tuesday, reaching $87.86. The company had a trading volume of 872,070 shares, compared to its average volume of 331,438. Boise Cascade has a twelve month low of $84.56 and a twelve month high of $155.42. The company has a quick ratio of 1.92, a current ratio of 3.34 and a debt-to-equity ratio of 0.22. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 9.19 and a beta of 1.43. The business's 50-day simple moving average is $97.07 and its two-hundred day simple moving average is $118.60.

Boise Cascade (NYSE:BCC - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The construction company reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.36 by ($0.30). The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate 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 was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.61 EPS. On average, equities analysts expect that Boise Cascade will post 10.15 earnings per share for the current year.

Boise Cascade Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders 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 dividend on an annualized basis and a yield of 0.96%. Boise Cascade's dividend payout ratio (DPR) is presently 10.49%.

Insiders Place Their Bets

In other Boise Cascade news, Director Kristopher J. Matula sold 553 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $103.16, for a total value of $57,047.48. Following the transaction, the director now owns 13,099 shares of the company's stock, valued at approximately $1,351,292.84. The trade was a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jeffrey Robert Strom sold 4,500 shares of the business's stock in a transaction dated 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. The trade was a 10.58 % 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.

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.