Boise Cascade, L.L.C. $BCC Shares Sold by LSV Asset Management

LSV Asset Management trimmed its position in Boise Cascade, L.L.C. (NYSE:BCC) by 29.6% during the third quarter, Holdings Channel.com reports. The firm owned 275,300 shares of the construction company’s stock after selling 115,952 shares during the period. LSV Asset Management’s holdings in Boise Cascade were worth $21,286,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Westwood Holdings Group Inc. grew its position in shares of Boise Cascade by 9.7% in the second quarter. Westwood Holdings Group Inc. now owns 1,645,026 shares of the construction company’s stock valued at $142,821,000 after purchasing an additional 145,721 shares during the period. American Century Companies Inc. grew its position in Boise Cascade by 4.5% during the second quarter. American Century Companies Inc. now owns 1,281,435 shares of the construction company’s stock valued at $111,254,000 after acquiring an additional 55,052 shares during the period. Geode Capital Management LLC raised its holdings in shares of Boise Cascade by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 947,477 shares of the construction company’s stock worth $82,267,000 after purchasing an additional 7,618 shares during the period. Norges Bank acquired a new position in shares of Boise Cascade in the 2nd quarter valued at about $39,818,000. Finally, Bank of America Corp DE grew its holdings in shares of Boise Cascade by 76.5% during the 2nd quarter. Bank of America Corp DE now owns 417,642 shares of the construction company’s stock worth $36,260,000 after purchasing an additional 181,025 shares during the period. 96.18% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BCC has been the subject of a number of research analyst reports. Truist Financial increased their target price on shares of Boise Cascade from $88.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. DA Davidson reaffirmed a “buy” rating and set a $95.00 price target on shares of Boise Cascade in a research report on Thursday, November 20th. Wall Street Zen lowered Boise Cascade from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. BMO Capital Markets restated an “outperform” rating on shares of Boise Cascade in a research note on Thursday, January 8th. Finally, Weiss Ratings raised shares of Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 28th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $101.83.

Boise Cascade Price Performance

Shares of BCC stock opened at $86.56 on Friday. The firm has a fifty day moving average of $80.31 and a two-hundred day moving average of $78.92. The firm has a market cap of $3.21 billion, a P/E ratio of 17.11 and a beta of 1.27. Boise Cascade, L.L.C. has a 1-year low of $65.14 and a 1-year high of $122.99. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.10 and a quick ratio of 1.69.

Boise Cascade Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Monday, February 23rd will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, February 23rd. Boise Cascade’s payout ratio is currently 17.39%.

Boise Cascade Profile

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.