Measured Wealth Private Client Group LLC Has $670,000 Stock Holdings in Boise Cascade (NYSE:BCC)

Measured Wealth Private Client Group LLC boosted its position in shares of Boise Cascade (NYSE:BCC) by 62.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,178 shares of the construction company’s stock after purchasing an additional 1,983 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Boise Cascade were worth $670,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BCC. Cambridge Investment Research Advisors Inc. bought a new stake in Boise Cascade in the third quarter worth approximately $239,000. Robeco Institutional Asset Management B.V. boosted its holdings in Boise Cascade by 19.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 19,466 shares of the construction company’s stock worth $2,006,000 after purchasing an additional 3,143 shares in the last quarter. Bailard Inc. increased its position in Boise Cascade by 111.5% during the third quarter. Bailard Inc. now owns 5,500 shares of the construction company’s stock worth $567,000 after buying an additional 2,900 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Boise Cascade by 23.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,241 shares of the construction company’s stock valued at $952,000 after buying an additional 1,772 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in Boise Cascade by 132.6% during the third quarter. Mackenzie Financial Corp now owns 6,828 shares of the construction company’s stock valued at $673,000 after buying an additional 3,893 shares in the last quarter. Hedge funds and other institutional investors own 96.18% of the company’s stock.

Boise Cascade Stock Performance

BCC traded up $1.57 during midday trading on Friday, reaching $136.05. The company’s stock had a trading volume of 328,037 shares, compared to its average volume of 308,373. Boise Cascade has a twelve month low of $66.82 and a twelve month high of $154.67. The stock has a market cap of $5.38 billion, a P/E ratio of 11.23 and a beta of 1.64. The company has a fifty day simple moving average of $140.20 and a 200 day simple moving average of $126.97. The company has a current ratio of 3.46, a quick ratio of 2.26 and a debt-to-equity ratio of 0.22.

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

Boise Cascade Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.80 annualized dividend and a yield of 0.59%. Boise Cascade’s dividend payout ratio is 6.60%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BCC shares. The Goldman Sachs Group increased their price objective on Boise Cascade from $114.00 to $129.00 and gave the company a “neutral” rating in a report on Thursday, January 11th. StockNews.com lowered shares of Boise Cascade from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Finally, Truist Financial upped their price objective on shares of Boise Cascade from $156.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. 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. According to MarketBeat, Boise Cascade has a consensus rating of “Hold” and a consensus target price of $125.00.

Insider Buying and Selling at Boise Cascade

In other Boise Cascade news, EVP Dean Michael Brown sold 11,117 shares of Boise Cascade stock in a transaction on Monday, March 4th. The shares were sold at an average price of $139.09, for a total transaction of $1,546,263.53. Following the sale, the executive vice president now owns 40,237 shares in the company, valued at $5,596,564.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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.