Aigen Investment Management LP Has $713,000 Stock Holdings in Boise Cascade, L.L.C. $BCC

Aigen Investment Management LP trimmed its position in Boise Cascade, L.L.C. (NYSE:BCC) by 43.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,686 shares of the construction company’s stock after selling 7,577 shares during the period. Aigen Investment Management LP’s holdings in Boise Cascade were worth $713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marshall Wace LLP bought a new stake in shares of Boise Cascade during the 4th quarter valued at $1,163,000. UMB Bank n.a. lifted its position in shares of Boise Cascade by 98.5% during the 4th quarter. UMB Bank n.a. now owns 524 shares of the construction company’s stock valued at $39,000 after acquiring an additional 260 shares during the period. Itau Unibanco Holding S.A. lifted its position in shares of Boise Cascade by 1,451.1% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,365 shares of the construction company’s stock worth $100,000 after buying an additional 1,277 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Boise Cascade by 12.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 507,108 shares of the construction company’s stock worth $37,323,000 after buying an additional 54,279 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Boise Cascade by 0.3% during the 4th quarter. State Street Corp now owns 1,472,071 shares of the construction company’s stock worth $108,344,000 after buying an additional 3,817 shares during the last quarter. 96.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BCC shares. Wall Street Zen upgraded Boise Cascade from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. The Goldman Sachs Group upped their price objective on Boise Cascade from $85.00 to $94.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. DA Davidson dropped their price objective on Boise Cascade from $95.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Weiss Ratings upgraded Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. Finally, Zacks Research upgraded Boise Cascade from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Boise Cascade presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.00.

Boise Cascade Stock Performance

BCC stock opened at $71.16 on Monday. The firm has a market cap of $2.50 billion, a PE ratio of 24.04, a P/E/G ratio of 1.06 and a beta of 1.09. The company has a quick ratio of 1.37, a current ratio of 2.77 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average of $73.63 and a 200-day moving average of $76.87. Boise Cascade, L.L.C. has a 12-month low of $65.00 and a 12-month high of $95.00.

Boise Cascade (NYSE:BCC) last announced its quarterly earnings data on Monday, May 4th. The construction company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.07. Boise Cascade had a return on equity of 5.55% and a net margin of 1.73%.The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the company earned $1.06 earnings per share. Boise Cascade’s revenue was down 2.5% compared to the same quarter last year. As a group, sell-side analysts expect that Boise Cascade, L.L.C. will post 3.67 earnings per share for the current year.

Boise Cascade Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st will be given a dividend of $0.22 per share. The ex-dividend date is Monday, June 1st. This represents a $0.88 dividend on an annualized basis and a yield of 1.2%. Boise Cascade’s dividend payout ratio (DPR) is presently 29.73%.

Insider Activity at Boise Cascade

In other news, SVP Jill Twedt sold 6,070 shares of Boise Cascade stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $66.45, for a total value of $403,351.50. Following the transaction, the senior vice president owned 26,545 shares in the company, valued at approximately $1,763,915.25. The trade was a 18.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.42% of the company’s stock.

About Boise Cascade

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.