Boise Cascade, L.L.C. $BCC Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its holdings in Boise Cascade, L.L.C. (NYSE:BCC) by 2.0% during the 1st quarter, Holdings Channel reports. The firm owned 2,325,781 shares of the construction company’s stock after purchasing an additional 46,561 shares during the quarter. Dimensional Fund Advisors LP owned about 0.06% of Boise Cascade worth $176,410,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BCC. Assetmark Inc. increased its stake in shares of Boise Cascade by 8.7% during the 1st quarter. Assetmark Inc. now owns 68,207 shares of the construction company’s stock worth $5,174,000 after purchasing an additional 5,465 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Boise Cascade by 1.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 62,157 shares of the construction company’s stock valued at $4,667,000 after buying an additional 961 shares in the last quarter. D.A. Davidson & CO. grew its holdings in Boise Cascade by 31.9% during the 1st quarter. D.A. Davidson & CO. now owns 4,951 shares of the construction company’s stock valued at $376,000 after buying an additional 1,198 shares during the last quarter. Illinois Municipal Retirement Fund grew its holdings in Boise Cascade by 8.6% during the 1st quarter. Illinois Municipal Retirement Fund now owns 21,782 shares of the construction company’s stock valued at $1,652,000 after buying an additional 1,725 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Boise Cascade by 2.0% during the 1st quarter. Principal Financial Group Inc. now owns 180,033 shares of the construction company’s stock valued at $13,656,000 after buying an additional 3,456 shares during the last quarter. 96.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BCC has been the subject of a number of analyst reports. DA Davidson cut their price target on Boise Cascade from $95.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Truist Financial set a $97.00 price objective on Boise Cascade in a research note 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. Zacks Research raised shares of Boise Cascade from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Finally, Bank of America upped their target price on shares of Boise Cascade from $80.00 to $81.00 and gave the company an “underperform” rating in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $92.80.

Insiders Place Their Bets

In other Boise Cascade news, SVP Jill Twedt sold 6,070 shares of the firm’s 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 sale, the senior vice president directly owned 26,545 shares of the company’s stock, valued at approximately $1,763,915.25. This trade represents a 18.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.42% of the company’s stock.

Boise Cascade Trading Up 1.9%

Shares of BCC opened at $77.89 on Friday. Boise Cascade, L.L.C. has a fifty-two week low of $65.00 and a fifty-two week high of $91.97. The company has a market capitalization of $2.74 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 1.07 and a beta of 1.08. The stock has a fifty day moving average of $72.70 and a two-hundred day moving average of $76.96. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.37 and a current ratio of 2.77.

Boise Cascade (NYSE:BCC) last posted its quarterly earnings data on Monday, May 4th. The construction company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.07. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Boise Cascade had a return on equity of 5.55% and a net margin of 1.73%.The business’s revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.06 earnings per share. As a group, analysts forecast that Boise Cascade, L.L.C. will post 3.83 EPS for the current year.

Boise Cascade Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Monday, June 1st were given a dividend of $0.22 per share. The ex-dividend date was Monday, June 1st. This represents a $0.88 annualized dividend and a yield of 1.1%. Boise Cascade’s dividend payout ratio is 29.73%.

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.