Linden Thomas Advisory Services LLC Has $2.51 Million Stock Position in Boise Cascade (NYSE:BCC)

Linden Thomas Advisory Services LLC reduced its position in Boise Cascade (NYSE:BCC) by 1.2% in the 4th quarter, HoldingsChannel reports. The firm owned 19,380 shares of the construction company’s stock after selling 231 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Boise Cascade were worth $2,507,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Wellington Management Group LLP lifted its position in Boise Cascade by 45.0% during the third quarter. Wellington Management Group LLP now owns 1,349,170 shares of the construction company’s stock worth $139,018,000 after acquiring an additional 418,891 shares during the last quarter. Pacer Advisors Inc. lifted its position in Boise Cascade by 59.7% during the fourth quarter. Pacer Advisors Inc. now owns 1,096,986 shares of the construction company’s stock worth $141,906,000 after acquiring an additional 409,906 shares during the last quarter. Acadian Asset Management LLC lifted its position in Boise Cascade by 13.8% during the third quarter. Acadian Asset Management LLC now owns 1,473,620 shares of the construction company’s stock worth $151,820,000 after acquiring an additional 178,439 shares during the last quarter. Wedge Capital Management L L P NC lifted its position in Boise Cascade by 1,572.6% during 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 acquiring an additional 103,842 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in Boise Cascade by 14.2% during the third quarter. American Century Companies Inc. now owns 701,301 shares of the construction company’s stock worth $72,262,000 after acquiring an additional 87,411 shares during the last quarter. 96.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BCC shares. The Goldman Sachs Group raised their price objective on shares of Boise Cascade from $114.00 to $129.00 and gave the stock a “neutral” rating in a research report on Thursday, January 11th. StockNews.com downgraded shares of Boise Cascade from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Finally, Truist Financial lifted 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Boise Cascade presently has a consensus rating of “Hold” and a consensus price target of $125.00.

Insiders Place Their Bets

In other Boise Cascade news, EVP Dean Michael Brown sold 11,117 shares of the business’s 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 of the company’s stock, valued at $5,596,564.33. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.05% of the company’s stock.

Boise Cascade Price Performance

NYSE:BCC traded up $5.45 during mid-day trading on Tuesday, reaching $138.47. The stock had a trading volume of 231,087 shares, compared to its average volume of 296,902. The stock has a 50-day simple moving average of $139.96 and a two-hundred day simple moving average of $124.88. The stock has a market capitalization of $5.48 billion, a PE ratio of 11.48 and a beta of 1.60. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.46 and a quick ratio of 2.26. Boise Cascade has a 12 month low of $64.39 and a 12 month high of $154.67.

Boise Cascade (NYSE:BCC) last announced its quarterly earnings data on Wednesday, February 21st. The construction company reported $2.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.01). The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.64 billion. Boise Cascade had a net margin of 7.07% and a return on equity of 21.94%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same period last year, the business earned $2.95 earnings per share. On average, equities analysts anticipate that Boise Cascade will post 11.5 earnings per share for the current year.

Boise Cascade Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, February 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.58%. Boise Cascade’s payout ratio is presently 6.60%.

Boise Cascade Profile

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.