XTX Topco Ltd Has $570,000 Stake in Boise Cascade (NYSE:BCC)

XTX Topco Ltd lessened its stake in shares of Boise Cascade (NYSE:BCC - Free Report) by 52.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,799 shares of the construction company's stock after selling 5,278 shares during the quarter. XTX Topco Ltd's holdings in Boise Cascade were worth $570,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Tidal Investments LLC boosted its stake in shares of Boise Cascade by 341.9% during the third quarter. Tidal Investments LLC now owns 15,808 shares of the construction company's stock worth $2,229,000 after buying an additional 12,231 shares during the period. Fulcrum Capital LLC purchased a new position in shares of Boise Cascade in the 4th quarter valued at approximately $1,092,000. D.A. Davidson & CO. increased its holdings in shares of Boise Cascade by 4.2% in the fourth quarter. D.A. Davidson & CO. now owns 3,267 shares of the construction company's stock valued at $388,000 after purchasing an additional 133 shares during the period. Nordea Investment Management AB raised its stake in shares of Boise Cascade by 5.0% during the fourth quarter. Nordea Investment Management AB now owns 120,816 shares of the construction company's stock worth $14,454,000 after purchasing an additional 5,779 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Boise Cascade by 174.1% during the third 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 during the period. Institutional investors and hedge funds own 96.18% of the company's stock.

Boise Cascade Stock Down 1.4 %

Shares of Boise Cascade stock traded down $1.34 during trading on Friday, reaching $94.76. The company had a trading volume of 33,017 shares, compared to its average volume of 326,977. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.92 and a current ratio of 3.34. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 9.91 and a beta of 1.52. Boise Cascade has a fifty-two week low of $87.84 and a fifty-two week high of $155.42. The firm's fifty day moving average is $99.44 and its 200-day moving average is $121.26.

Boise Cascade (NYSE:BCC - Get Free Report) last released its earnings results on Thursday, February 20th. The construction company reported $1.78 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.01). Boise Cascade had a net margin of 5.60% and a return on equity of 17.04%. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.57 billion. On average, analysts anticipate that Boise Cascade will post 10.15 EPS for the current year.

Boise Cascade Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, February 24th were paid a $0.21 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.84 dividend on an annualized basis and a yield of 0.89%. Boise Cascade's payout ratio is currently 8.79%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Loop Capital decreased their price target on Boise Cascade from $140.00 to $135.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group lowered their price target on shares of Boise Cascade from $145.00 to $126.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 14th. Benchmark reiterated a "hold" rating on shares of Boise Cascade in a report on Tuesday, February 25th. BMO Capital Markets decreased their price objective 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, Truist Financial lowered their target price 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Boise Cascade currently has a consensus rating of "Hold" and a consensus price target of $125.00.

Insider Activity

In other Boise Cascade news, COO Jeffrey Robert Strom sold 4,500 shares of the stock in a transaction on Wednesday, March 5th. The stock was 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 directly owns 38,026 shares of the company's stock, valued at approximately $3,810,585.46. This trade represents a 10.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kristopher J. Matula sold 553 shares of the business'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 owns 13,099 shares in the company, 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 0.98% 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.