PEAK6 Investments L.P. increased its holdings in Boise Cascade Co (NYSE:BCC) by 321.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,123 shares of the construction company’s stock after acquiring an additional 32,123 shares during the quarter. PEAK6 Investments L.P. owned about 0.11% of Boise Cascade worth $1,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of BCC. Public Employees Retirement System of Ohio increased its stake in shares of Boise Cascade by 2.8% in the 2nd 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 in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Boise Cascade in the 3rd quarter worth about $598,000. State Board of Administration of Florida Retirement System increased its stake in shares of Boise Cascade by 45.6% in the 3rd 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 in the last quarter. Chicago Equity Partners LLC increased its stake in shares of Boise Cascade by 8.1% in the 3rd 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 in the last quarter. Finally, Stevens Capital Management LP bought a new position in shares of Boise Cascade in the 3rd quarter worth about $498,000. Institutional investors own 94.78% of the company’s stock.
Several brokerages recently issued reports on BCC. DA Davidson increased their price target on shares of Boise Cascade to $43.00 and gave the stock a “hold” rating in a research note on Tuesday, February 27th. Zacks Investment Research upgraded shares of Boise Cascade from a “hold” rating to a “strong-buy” rating and set a $52.00 price target for the company in a research note on Friday, January 26th. BMO Capital Markets reiterated a “hold” rating and issued a $36.00 price target on shares of Boise Cascade in a research note on Thursday, January 25th. Bank of America increased their price target on shares of Boise Cascade from $44.00 to $46.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. Finally, ValuEngine upgraded shares of Boise Cascade from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Boise Cascade presently has an average rating of “Hold” and an average target price of $42.60.
Boise Cascade (NYSE:BCC) last released its quarterly earnings data on Monday, February 26th. The construction company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. Boise Cascade had a net margin of 1.87% and a return on equity of 11.85%. The firm’s revenue for the quarter was up 18.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.11 earnings per share. equities research analysts predict that Boise Cascade Co will post 2.61 earnings per share for the current year.
The company also recently disclosed a Not Available dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.07 per share. The ex-dividend date is Wednesday, February 28th. This represents a yield of 0.00170109356014581%. Boise Cascade’s dividend payout ratio is currently 13.15%.
In other Boise Cascade news, SVP John T. Sahlberg sold 6,582 shares of the firm’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $39.11, for a total transaction of $257,422.02. Following the completion of the sale, the senior vice president now directly owns 73,385 shares in the company, valued at approximately $2,870,087.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by company insiders.
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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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