Boise Cascade (NYSE:BCC) SVP Sells $99,250.00 in Stock

Boise Cascade, L.L.C. (NYSE:BCC) SVP Jill Twedt sold 1,250 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $79.40, for a total transaction of $99,250.00. Following the completion of the transaction, the senior vice president directly owned 25,295 shares in the company, valued at $2,008,423. This trade represents a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Boise Cascade Trading Down 0.3%

BCC opened at $78.52 on Friday. The company has a quick ratio of 1.31, a current ratio of 2.71 and a debt-to-equity ratio of 0.24. Boise Cascade, L.L.C. has a 52 week low of $65.00 and a 52 week high of $91.97. The business’s 50 day moving average is $78.88 and its two-hundred day moving average is $76.73. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 1.06 and a beta of 1.10.

Boise Cascade (NYSE:BCC) last posted its quarterly earnings data on Monday, August 3rd. The construction company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.23 by $0.40. Boise Cascade had a return on equity of 5.41% and a net margin of 1.64%.The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the business earned $1.64 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year. On average, research analysts predict that Boise Cascade, L.L.C. will post 3.86 EPS for the current year.

Boise Cascade Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.23 per share. This is a boost from Boise Cascade’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 1st. Boise Cascade’s dividend payout ratio is 29.83%.

Analyst Ratings Changes

Several equities analysts have issued reports on BCC shares. Zacks Research cut shares of Boise Cascade from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Wall Street Zen upgraded shares of Boise Cascade from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Truist Financial set a $97.00 target price on shares of Boise Cascade in a report on Wednesday, May 6th. DA Davidson boosted their price target on shares of Boise Cascade from $92.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings raised shares of Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, August 17th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Boise Cascade has a consensus rating of “Hold” and an average target price of $93.60.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in Boise Cascade during the second quarter worth $463,729,000. California State Teachers Retirement System raised its holdings in shares of Boise Cascade by 7,450.4% in the second quarter. California State Teachers Retirement System now owns 3,278,315 shares of the construction company’s stock worth $254,496,000 after acquiring an additional 3,234,896 shares during the last quarter. Norges Bank purchased a new stake in shares of Boise Cascade in the fourth quarter valued at $42,146,000. Wellington Management Group LLP lifted its position in shares of Boise Cascade by 19.8% in the third quarter. Wellington Management Group LLP now owns 3,268,407 shares of the construction company’s stock valued at $252,713,000 after acquiring an additional 539,962 shares in the last quarter. Finally, Atlas FRM LLC acquired a new stake in shares of Boise Cascade during the second quarter valued at $34,545,350. Institutional investors and hedge funds own 96.18% of the company’s stock.

Boise Cascade Company Profile

Boise Cascade Company operates as a leading manufacturer and distributor of wood products and building materials in North America. The company’s operations are organized into two primary segments: wood products manufacturing and building materials distribution. In its manufacturing segment, Boise Cascade produces a wide array of engineered wood products, including plywood, oriented strand board (OSB), lumber, particleboard and laminated veneer lumber (LVL), serving residential, commercial and industrial customers.

In its distribution segment, Boise Cascade sources and delivers building materials through an extensive network of distribution centers, servicing professional builders, remodelers, contractors and industrial customers.