Boise Cascade (NYSE:BCC) Shares Bought by Quadrant Capital Group LLC

Quadrant Capital Group LLC grew its stake in Boise Cascade (NYSE:BCC) by 38.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 763 shares of the construction company’s stock after purchasing an additional 213 shares during the quarter. Quadrant Capital Group LLC’s holdings in Boise Cascade were worth $99,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. USA Financial Formulas raised its stake in Boise Cascade by 5,050.0% during the fourth quarter. USA Financial Formulas now owns 206 shares of the construction company’s stock worth $27,000 after acquiring an additional 202 shares during the period. Principal Securities Inc. bought a new stake in shares of Boise Cascade in the 4th quarter worth approximately $27,000. Global Retirement Partners LLC boosted its position in Boise Cascade by 1,147.1% during the 4th quarter. Global Retirement Partners LLC now owns 212 shares of the construction company’s stock valued at $28,000 after purchasing an additional 195 shares during the period. Blue Trust Inc. grew its stake in Boise Cascade by 58.1% during the 4th quarter. Blue Trust Inc. now owns 544 shares of the construction company’s stock worth $70,000 after buying an additional 200 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new stake in Boise Cascade in the fourth quarter worth $80,000. Institutional investors own 96.18% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. StockNews.com upgraded shares of Boise Cascade from a “hold” rating to a “buy” rating in a research report on Tuesday, May 7th. Truist Financial lifted their price target on Boise Cascade from $156.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $125.00.

Boise Cascade Stock Performance

Shares of Boise Cascade stock opened at $141.06 on Friday. The stock has a market cap of $5.57 billion, a PE ratio of 11.47 and a beta of 1.64. Boise Cascade has a 12 month low of $71.50 and a 12 month high of $154.67. The company has a quick ratio of 2.05, a current ratio of 3.24 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $141.80 and a 200-day simple moving average of $131.31.

Boise Cascade (NYSE:BCC) last posted its quarterly earnings data on Monday, May 6th. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.31. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.56 billion. Boise Cascade had a net margin of 7.08% and a return on equity of 22.00%. Boise Cascade’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.43 EPS. On average, sell-side analysts anticipate that Boise Cascade will post 10.84 EPS for the current fiscal year.

Boise Cascade Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Monday, June 3rd. Boise Cascade’s dividend payout ratio is 6.50%.

Insider Transactions at Boise Cascade

In other Boise Cascade news, SVP Jill Twedt sold 1,852 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $135.00, for a total transaction of $250,020.00. Following the completion of the transaction, the senior vice president now owns 37,437 shares in the company, valued at $5,053,995. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Jill Twedt sold 1,852 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $135.00, for a total transaction of $250,020.00. Following the completion of the sale, the senior vice president now owns 37,437 shares in the company, valued at approximately $5,053,995. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeffrey Robert Strom sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $135.00, for a total transaction of $337,500.00. Following the sale, the executive vice president now directly owns 43,353 shares of the company’s stock, valued at approximately $5,852,655. The disclosure for this sale can be found here. In the last three months, insiders sold 15,469 shares of company stock valued at $2,133,784. Company 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.