4 days Ago By ABMN Staff
Envestnet Asset Management Inc. boosted its stake in shares of Boise Cascade ( NYSE:BCC – Free Report ) by 6.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The firm owned 134,715 shares of the construction company’s stock after buying an additional 8,357 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Boise Cascade were worth $16,012,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in BCC. Orion Portfolio Solutions LLC boosted its holdings in Boise Cascade by 8.9% in the third quarter.
Orion Portfolio Solutions LLC now owns 2,023 shares of the construction company’s stock valued at $285,000 after acquiring an additional 165 shares during the last quarter. Barclays PLC increased its position in shares of Boise Cascade by 174.1% during the third quarter.
Barclays PLC now owns 90,366 shares of the construction company’s stock worth $12,739,000 after buying an additional 57,403 shares during the period. Invst LLC raised its stake in Boise Cascade by 2.6% during the third quarter.
Invst LLC now owns 5,060 shares of the construction company’s stock worth $713,000 after buying an additional 128 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in Boise Cascade by 11.0% in the third quarter.
Sanctuary Advisors LLC now owns 6,937 shares of the construction company’s stock valued at $997,000 after buying an additional 686 shares during the period. Finally, World Investment Advisors LLC bought a new stake in Boise Cascade during the third quarter valued at $3,995,000. Institutional investors and hedge funds own 96.
18% of the company’s stock. Boise Cascade Stock Performance Shares of BCC stock opened at $93.75 on Wednesday.
The company has a current ratio of 3.34, a quick ratio of 1.92 and a debt-to-equity ratio of 0.
22. The firm has a fifty day simple moving average of $103.44 and a two-hundred day simple moving average of $123.
40. Boise Cascade has a 12 month low of $87.84 and a 12 month high of $155.
42. The firm has a market capitalization of $3.56 billion, a PE ratio of 9.
81 and a beta of 1.52. Boise Cascade Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th.
Stockholders of record on Monday, February 24th were paid a $0.21 dividend. This represents a $0.
84 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Monday, February 24th.
Boise Cascade’s dividend payout ratio (DPR) is presently 8.79%. Analyst Upgrades and Downgrades Several research firms have recently weighed in on BCC.
DA Davidson lowered their price objective on Boise Cascade from $155.00 to $125.00 and set a “buy” rating for the company in a research report on Monday, February 24th.
BMO Capital Markets dropped their price target on Boise Cascade from $136.00 to $122.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 25th.
Truist Financial reduced their price objective on shares of Boise Cascade from $157.00 to $134.00 and set a “buy” rating for the company in a research report on Monday, February 24th.
Loop Capital cut their target price on shares of Boise Cascade from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Monday.
Finally, Benchmark reaffirmed a “hold” rating on shares of Boise Cascade in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.
com, the company currently has a consensus rating of “Hold” and an average price target of $127.67. Read Our Latest Research Report on Boise Cascade Insider Activity In other news, Director Kristopher J.
Matula sold 553 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $103.16, for a total value of $57,047.
48. Following the completion of the sale, the director now owns 13,099 shares in the company, valued at $1,351,292.84.
This represents a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink .
Also, COO Jeffrey Robert Strom sold 4,500 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $100.21, for a total transaction of $450,945.
00. Following the transaction, the chief operating officer now owns 38,026 shares in the company, valued at approximately $3,810,585.46.
This trade represents a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Corporate insiders own 0.98% of the company’s stock. Boise Cascade Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding BCC? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Boise Cascade ( NYSE:BCC – Free Report ). Receive News & Ratings for Boise Cascade Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boise Cascade and related companies with MarketBeat.com's FREE daily email newsletter .
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