4,968 Shares in Boise Cascade (NYSE:BCC) Purchased by Unique Wealth Strategies LLC

Unique Wealth Strategies LLC acquired a new position in shares of Boise Cascade (NYSE:BCC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,968 shares of the construction company’s stock, valued at approximately $643,000.

Other hedge funds have also added to or reduced their stakes in the company. Atria Wealth Solutions Inc. purchased a new stake in shares of Boise Cascade during the 4th quarter worth approximately $221,000. GAMMA Investing LLC purchased a new position in Boise Cascade during the 4th quarter valued at about $80,000. California Public Employees Retirement System lifted its holdings in shares of Boise Cascade by 31.8% in the fourth quarter. California Public Employees Retirement System now owns 56,480 shares of the construction company’s stock worth $7,306,000 after buying an additional 13,637 shares in the last quarter. Wedge Capital Management L L P NC raised its position in shares of Boise Cascade by 1,572.6% in the fourth quarter. Wedge Capital Management L L P NC now owns 110,445 shares of the construction company’s stock worth $14,287,000 after buying an additional 103,842 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its position in Boise Cascade by 193.1% during the fourth quarter. Handelsbanken Fonder AB now owns 8,500 shares of the construction company’s stock worth $1,100,000 after buying an additional 5,600 shares in the last quarter. Institutional investors own 96.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. StockNews.com downgraded Boise Cascade from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Truist Financial increased their price target on shares of Boise Cascade from $156.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. Finally, The Goldman Sachs Group upped their target price on Boise Cascade from $114.00 to $129.00 and gave the company a “neutral” rating in a report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Boise Cascade presently has an average rating of “Hold” and an average target price of $125.00.

Boise Cascade Stock Performance

NYSE:BCC traded up $0.96 during trading hours on Friday, reaching $139.42. The company had a trading volume of 218,202 shares, compared to its average volume of 298,754. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 11.50 and a beta of 1.60. The company has a current ratio of 3.46, a quick ratio of 2.26 and a debt-to-equity ratio of 0.22. The firm’s 50 day moving average price is $139.88 and its 200-day moving average price is $125.82. Boise Cascade has a 52 week low of $64.56 and a 52 week high of $154.67.

Boise Cascade (NYSE:BCC) last released its quarterly earnings results on Wednesday, February 21st. The construction company reported $2.44 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($0.01). The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.64 billion. Boise Cascade had a return on equity of 21.94% and a net margin of 7.07%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.95 earnings per share. On average, analysts forecast that Boise Cascade will post 11.44 EPS for the current year.

Boise Cascade Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Thursday, February 22nd. Boise Cascade’s dividend payout ratio is currently 6.60%.

Insider Buying and Selling at Boise Cascade

In other news, EVP Dean Michael Brown sold 11,117 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $139.09, for a total transaction of $1,546,263.53. Following the completion of the transaction, the executive vice president now directly owns 40,237 shares in the company, valued at approximately $5,596,564.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.98% of the company’s stock.

About Boise Cascade

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.