Intech Investment Management LLC Has $3.81 Million Holdings in Boise Cascade, L.L.C. $BCC

Intech Investment Management LLC lifted its stake in shares of Boise Cascade, L.L.C. (NYSE:BCC) by 4.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,836 shares of the construction company’s stock after acquiring an additional 1,895 shares during the period. Intech Investment Management LLC owned approximately 0.12% of Boise Cascade worth $3,806,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in BCC. Westwood Holdings Group Inc. increased its holdings in Boise Cascade by 25.7% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,499,305 shares of the construction company’s stock worth $147,067,000 after purchasing an additional 306,684 shares in the last quarter. M&G PLC acquired a new stake in Boise Cascade in the 2nd quarter valued at approximately $8,984,000. American Century Companies Inc. raised its position in Boise Cascade by 8.1% in the 1st quarter. American Century Companies Inc. now owns 1,226,383 shares of the construction company’s stock valued at $120,296,000 after buying an additional 92,019 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Boise Cascade in the 1st quarter valued at approximately $8,617,000. Finally, Vanguard Group Inc. boosted its position in Boise Cascade by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 4,422,544 shares of the construction company’s stock worth $433,807,000 after acquiring an additional 70,231 shares during the last quarter. 96.18% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BCC shares. Wall Street Zen cut shares of Boise Cascade from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. The Goldman Sachs Group reduced their price objective on shares of Boise Cascade from $96.00 to $82.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Truist Financial lowered their target price on Boise Cascade from $101.00 to $96.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Boise Cascade in a report on Thursday, November 13th. Finally, BMO Capital Markets upgraded Boise Cascade from a “market perform” rating to an “outperform” rating and set a $100.00 price target for the company in a research note on Wednesday, November 5th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $102.50.

Boise Cascade Stock Down 0.9%

Shares of NYSE BCC opened at $66.06 on Wednesday. The company’s 50 day moving average price is $74.53 and its 200-day moving average price is $83.01. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.69 and a current ratio of 3.10. Boise Cascade, L.L.C. has a 52-week low of $65.62 and a 52-week high of $155.42. The company has a market capitalization of $2.45 billion, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 5.51 and a beta of 1.27.

Boise Cascade (NYSE:BCC) last announced its earnings results on Monday, November 3rd. The construction company reported $0.58 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.58. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.64 billion. Boise Cascade had a net margin of 2.96% and a return on equity of 9.00%. Boise Cascade’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.33 earnings per share. Equities analysts forecast that Boise Cascade, L.L.C. will post 10.15 earnings per share for the current year.

Boise Cascade Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Monday, December 1st will be given a $0.22 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.88 annualized dividend and a dividend yield of 1.3%. Boise Cascade’s dividend payout ratio (DPR) is 17.39%.

Insider Activity

In related news, COO Jeffrey Robert Strom sold 1,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $91.06, for a total transaction of $91,060.00. Following the sale, the chief operating officer owned 37,026 shares in the company, valued at $3,371,587.56. This represents a 2.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.11% of the stock is owned by corporate insiders.

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 shop lumber and appearance grade boards.