Thrivent Financial For Lutherans lessened its stake in shares of Boise Cascade Co (NYSE:BCC) by 36.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 226,185 shares of the construction company’s stock after selling 131,878 shares during the period. Thrivent Financial For Lutherans owned 0.59% of Boise Cascade worth $9,024,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in BCC. Public Employees Retirement System of Ohio raised its position in shares of Boise Cascade by 2.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,655 shares of the construction company’s stock worth $233,000 after purchasing an additional 212 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Boise Cascade during the 3rd quarter worth about $598,000. State Board of Administration of Florida Retirement System raised its position in shares of Boise Cascade by 45.6% during 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 purchasing an additional 17,568 shares during the last quarter. Chicago Equity Partners LLC raised its holdings in Boise Cascade by 8.1% in the 3rd quarter. Chicago Equity Partners LLC now owns 20,580 shares of the construction company’s stock valued at $718,000 after acquiring an additional 1,540 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new stake in Boise Cascade in the 3rd quarter valued at about $498,000. Hedge funds and other institutional investors own 94.78% of the company’s stock.
In other news, SVP John T. Sahlberg sold 6,582 shares of the 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 sale, the senior vice president now owns 73,385 shares of the company’s stock, valued at approximately $2,870,087.35. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.
Boise Cascade (NYSE:BCC) last released its quarterly earnings data on Monday, February 26th. The construction company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.02). Boise Cascade had a net margin of 1.87% and a return on equity of 11.85%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the company posted $0.11 EPS. The firm’s revenue was up 18.8% on a year-over-year basis. equities research analysts expect that Boise Cascade Co will post 2.61 earnings per share for the current year.
The company also recently declared a Not Available dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a dividend yield of 0.00170109356014581%. Boise Cascade’s dividend payout ratio (DPR) is 13.15%.
BCC has been the subject of a number of recent research reports. ValuEngine upgraded shares of Boise Cascade from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research downgraded shares of Boise Cascade from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Bank of America increased their price objective on shares of Boise Cascade from $44.00 to $46.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. BMO Capital Markets reiterated a “hold” rating and issued a $36.00 price objective on shares of Boise Cascade in a report on Thursday, January 25th. Finally, DA Davidson increased their price objective on shares of Boise Cascade to $43.00 and gave the company a “hold” rating in a report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Boise Cascade presently has a consensus rating of “Hold” and an average price target of $42.60.
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Boise Cascade Company Profile
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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