Capital Fund Management S.A. Takes $2.34 Million Position in Boise Cascade, L.L.C. $BCC

Capital Fund Management S.A. bought a new position in shares of Boise Cascade, L.L.C. (NYSE:BCC) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 26,979 shares of the construction company’s stock, valued at approximately $2,342,000.

Several other large investors have also recently bought and sold shares of BCC. Aristides Capital LLC bought a new stake in Boise Cascade in the 2nd quarter valued at $234,000. Advisors Asset Management Inc. lifted its stake in shares of Boise Cascade by 4.4% in the second quarter. Advisors Asset Management Inc. now owns 103,682 shares of the construction company’s stock valued at $9,002,000 after buying an additional 4,387 shares during the period. XTX Topco Ltd grew its position in Boise Cascade by 260.5% during the second quarter. XTX Topco Ltd now owns 11,959 shares of the construction company’s stock worth $1,038,000 after buying an additional 8,642 shares in the last quarter. Prudential Financial Inc. grew its position in Boise Cascade by 2.8% during the second quarter. Prudential Financial Inc. now owns 62,107 shares of the construction company’s stock worth $5,392,000 after buying an additional 1,690 shares in the last quarter. Finally, Cynosure Group LLC increased its stake in Boise Cascade by 21.2% during the second quarter. Cynosure Group LLC now owns 4,181 shares of the construction company’s stock valued at $363,000 after acquiring an additional 730 shares during the period. 96.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BCC has been the subject of a number of research reports. Wall Street Zen downgraded Boise Cascade from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. BMO Capital Markets upgraded Boise Cascade from a “market perform” rating to an “outperform” rating and set a $100.00 target price for the company in a research note on Wednesday, November 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Boise Cascade in a research note on Monday. DA Davidson restated a “buy” rating and issued a $95.00 price objective on shares of Boise Cascade in a research note on Thursday, November 20th. Finally, 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 report on Monday, October 13th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.50.

Boise Cascade Stock Performance

Boise Cascade stock opened at $76.61 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.10 and a quick ratio of 1.69. The stock has a fifty day moving average price of $72.61 and a two-hundred day moving average price of $81.75. Boise Cascade, L.L.C. has a 52-week low of $65.14 and a 52-week high of $147.48. The firm has a market capitalization of $2.84 billion, a P/E ratio of 15.14, a P/E/G ratio of 6.22 and a beta of 1.27.

Boise Cascade (NYSE:BCC) last issued its earnings results on Monday, November 3rd. The construction company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. Boise Cascade had a net margin of 2.96% and a return on equity of 9.00%. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the company earned $2.33 EPS. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, analysts anticipate that Boise Cascade, L.L.C. will post 10.15 EPS for the current fiscal year.

Boise Cascade Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Monday, December 1st will be given a $0.22 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.88 dividend on an annualized basis and a yield of 1.1%. Boise Cascade’s payout ratio is 17.39%.

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.