Boise Cascade, L.L.C. $BCC Shares Acquired by AlphaQuest LLC

AlphaQuest LLC grew its position in Boise Cascade, L.L.C. (NYSE:BCC) by 25.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,495 shares of the construction company’s stock after acquiring an additional 3,123 shares during the quarter. AlphaQuest LLC’s holdings in Boise Cascade were worth $1,345,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its position in Boise Cascade by 120.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 406 shares of the construction company’s stock worth $40,000 after acquiring an additional 222 shares in the last quarter. RMG Wealth Management LLC purchased a new position in Boise Cascade in the second quarter worth $42,000. Blue Trust Inc. raised its position in Boise Cascade by 28.6% in the second quarter. Blue Trust Inc. now owns 1,181 shares of the construction company’s stock worth $103,000 after acquiring an additional 263 shares in the last quarter. GAMMA Investing LLC raised its position in Boise Cascade by 60.6% in the first quarter. GAMMA Investing LLC now owns 1,458 shares of the construction company’s stock worth $143,000 after acquiring an additional 550 shares in the last quarter. Finally, U S Global Investors Inc. purchased a new position in Boise Cascade in the first quarter worth $147,000. 96.18% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Boise Cascade

In related news, EVP Troy Little sold 2,033 shares of the firm’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $83.10, for a total transaction of $168,942.30. Following the sale, the executive vice president directly owned 12,701 shares in the company, valued at approximately $1,055,453.10. This trade represents a 13.80% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Jeffrey Robert Strom sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $91.06, for a total value of $91,060.00. Following the sale, the chief operating officer owned 37,026 shares in the company, valued at approximately $3,371,587.56. The trade was a 2.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,815 shares of company stock worth $409,637. 0.98% of the stock is currently owned by company insiders.

Boise Cascade Stock Performance

NYSE BCC opened at $73.13 on Friday. The firm has a market capitalization of $2.73 billion, a P/E ratio of 10.74, a P/E/G ratio of 5.50 and a beta of 1.27. Boise Cascade, L.L.C. has a 1-year low of $70.00 and a 1-year high of $155.42. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.96 and a quick ratio of 1.54. The business’s 50-day simple moving average is $80.43 and its 200-day simple moving average is $86.11.

Boise Cascade (NYSE:BCC) last released its quarterly earnings data on Monday, August 4th. The construction company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.69 by ($0.05). The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.76 billion. Boise Cascade had a net margin of 4.00% and a return on equity of 12.26%. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.84 earnings per share. Equities analysts predict that Boise Cascade, L.L.C. will post 10.15 EPS for the current year.

Boise Cascade Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, September 2nd. This is an increase from Boise Cascade’s previous quarterly dividend of $0.21. Boise Cascade’s dividend payout ratio (DPR) is 12.92%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Bank of America dropped their price target on Boise Cascade from $111.00 to $107.00 and set a “buy” rating for the company in a research report on Wednesday, July 9th. Truist Financial dropped their price target on Boise Cascade from $101.00 to $96.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. Wall Street Zen cut Boise Cascade from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Boise Cascade in a research note on Friday. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $100.00 price objective on shares of Boise Cascade in a research note on Tuesday, September 16th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $102.50.

About Boise Cascade

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.