Pacer Advisors Inc. boosted its position in Boise Cascade (NYSE:BCC – Free Report) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 625,697 shares of the construction company’s stock after buying an additional 9,142 shares during the quarter. Pacer Advisors Inc. owned 1.58% of Boise Cascade worth $56,532,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Metis Global Partners LLC acquired a new position in Boise Cascade in the 1st quarter worth $291,000. Amalgamated Bank raised its stake in shares of Boise Cascade by 0.8% in the 4th quarter. Amalgamated Bank now owns 18,325 shares of the construction company’s stock valued at $1,258,000 after purchasing an additional 143 shares in the last quarter. Versor Investments LP raised its stake in shares of Boise Cascade by 193.8% in the 1st quarter. Versor Investments LP now owns 8,664 shares of the construction company’s stock valued at $548,000 after purchasing an additional 5,715 shares in the last quarter. BOKF NA acquired a new stake in shares of Boise Cascade in the 1st quarter valued at about $130,000. Finally, HRT Financial LP raised its stake in shares of Boise Cascade by 237.6% in the 4th quarter. HRT Financial LP now owns 21,270 shares of the construction company’s stock valued at $1,460,000 after purchasing an additional 14,969 shares in the last quarter. Institutional investors and hedge funds own 91.75% of the company’s stock.
Insiders Place Their Bets
In other news, EVP Dean Michael Brown sold 5,481 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $109.12, for a total value of $598,086.72. Following the completion of the transaction, the executive vice president now directly owns 42,450 shares in the company, valued at $4,632,144. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Sue Ying Taylor sold 300 shares of the stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $104.92, for a total value of $31,476.00. Following the completion of the transaction, the director now directly owns 9,642 shares in the company, valued at $1,011,638.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dean Michael Brown sold 5,481 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $109.12, for a total transaction of $598,086.72. Following the completion of the transaction, the executive vice president now owns 42,450 shares of the company’s stock, valued at $4,632,144. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,968 shares of company stock worth $2,045,908. Insiders own 0.89% of the company’s stock.
Analyst Upgrades and Downgrades
Boise Cascade Stock Performance
Shares of NYSE:BCC traded up $0.53 during trading on Tuesday, reaching $101.48. 48,606 shares of the company’s stock traded hands, compared to its average volume of 309,174. Boise Cascade has a 12 month low of $55.14 and a 12 month high of $112.58. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.44 and a quick ratio of 2.39. The stock has a market capitalization of $4.02 billion, a P/E ratio of 6.93 and a beta of 1.57. The company has a 50 day moving average of $104.46 and a 200-day moving average of $83.37.
Boise Cascade (NYSE:BCC – Get Free Report) last posted its earnings results on Tuesday, August 1st. The construction company reported $3.67 EPS for the quarter, topping the consensus estimate of $2.54 by $1.13. Boise Cascade had a net margin of 8.12% and a return on equity of 27.77%. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the prior year, the firm earned $5.49 EPS. Boise Cascade’s quarterly revenue was down 20.3% on a year-over-year basis. On average, equities analysts expect that Boise Cascade will post 11.75 EPS for the current year.
Boise Cascade Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a $0.20 dividend. This is a boost from Boise Cascade’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, August 31st. This represents a $0.80 annualized dividend and a yield of 0.79%. Boise Cascade’s dividend payout ratio is 5.49%.
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 lumber products.
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