NWQ Investment Management Company LLC lowered its stake in shares of Boise Cascade Co (NYSE:BCC) by 21.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,520,629 shares of the construction company’s stock after selling 408,227 shares during the period. NWQ Investment Management Company LLC owned about 3.94% of Boise Cascade worth $60,673,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in BCC. State Street Corp boosted its holdings in Boise Cascade by 4.0% during the second quarter. State Street Corp now owns 909,705 shares of the construction company’s stock worth $27,654,000 after buying an additional 34,986 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Boise Cascade by 2.8% during the second quarter. Public Employees Retirement System of Ohio now owns 7,655 shares of the construction company’s stock worth $233,000 after acquiring an additional 212 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in Boise Cascade during the third quarter worth about $598,000. State Board of Administration of Florida Retirement System raised its position in Boise Cascade by 45.6% during the third quarter. State Board of Administration of Florida Retirement System now owns 56,074 shares of the construction company’s stock worth $1,957,000 after acquiring an additional 17,568 shares during the last quarter. Finally, Chicago Equity Partners LLC raised its position in Boise Cascade by 8.1% during the third quarter. Chicago Equity Partners LLC now owns 20,580 shares of the construction company’s stock worth $718,000 after acquiring an additional 1,540 shares during the last quarter. 94.78% of the stock is currently owned by hedge funds and other institutional investors.
Boise Cascade Co (NYSE:BCC) opened at $39.30 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.44 and a quick ratio of 1.19. The firm has a market cap of $1,516.44, a P/E ratio of 18.45, a PEG ratio of 2.15 and a beta of 2.10. Boise Cascade Co has a 52-week low of $25.90 and a 52-week high of $45.95.
The company also recently disclosed a Not Available dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a $0.07 dividend. This represents a dividend yield of 0.00170109356014581%. The ex-dividend date is Wednesday, February 28th. Boise Cascade’s dividend payout ratio is presently 13.15%.
A number of brokerages have issued reports on BCC. BMO Capital Markets restated a “hold” rating and set a $36.00 target price on shares of Boise Cascade in a research report on Thursday, January 25th. Zacks Investment Research upgraded shares of Boise Cascade from a “hold” rating to a “strong-buy” rating and set a $52.00 target price for the company in a research report on Friday, January 26th. ValuEngine upgraded shares of Boise Cascade from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Bank of America lifted their target price on shares of Boise Cascade from $44.00 to $46.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Finally, DA Davidson lifted their target price on shares of Boise Cascade to $43.00 and gave the stock a “hold” rating in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Boise Cascade has a consensus rating of “Hold” and a consensus target price of $42.60.
In other news, SVP John T. Sahlberg sold 6,582 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $39.11, for a total value of $257,422.02. Following the completion of the transaction, the senior vice president now owns 73,385 shares of the company’s stock, valued at $2,870,087.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.00% of the company’s stock.
About Boise Cascade
Boise Cascade Company is an integrated wood products manufacturer and building materials distributor with operations throughout the United States and one manufacturing facility in Canada. The Company is also a producer of engineered wood products (EWP) and plywood in North America. The Company operates through three segments: Wood Products, Building Materials Distribution, and Corporate and Other.
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