Segall Bryant & Hamill LLC Has $2.08 Million Stock Holdings in Boise Cascade, L.L.C. $BCC

Segall Bryant & Hamill LLC decreased its position in shares of Boise Cascade, L.L.C. (NYSE:BCC) by 27.5% in the third quarter, Holdings Channel.com reports. The firm owned 26,932 shares of the construction company’s stock after selling 10,238 shares during the period. Segall Bryant & Hamill LLC’s holdings in Boise Cascade were worth $2,082,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Salomon & Ludwin LLC purchased a new stake in shares of Boise Cascade during the 3rd quarter worth about $28,000. Huntington National Bank grew its stake in shares of Boise Cascade by 630.0% in the 2nd quarter. Huntington National Bank now owns 438 shares of the construction company’s stock valued at $38,000 after buying an additional 378 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in Boise Cascade by 1,071.4% in the third quarter. Hantz Financial Services Inc. now owns 492 shares of the construction company’s stock worth $38,000 after buying an additional 450 shares during the last quarter. CWM LLC raised its position in Boise Cascade by 30.6% during the third quarter. CWM LLC now owns 747 shares of the construction company’s stock valued at $58,000 after acquiring an additional 175 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in Boise Cascade by 160.5% in the third quarter. Versant Capital Management Inc now owns 883 shares of the construction company’s stock valued at $68,000 after acquiring an additional 544 shares during the last quarter. 96.18% of the stock is owned by institutional investors and hedge funds.

Boise Cascade Stock Performance

BCC opened at $77.32 on Friday. The firm has a market capitalization of $2.76 billion, a P/E ratio of 21.97, a price-to-earnings-growth ratio of 1.08 and a beta of 1.26. The stock’s 50 day moving average price is $82.44 and its two-hundred day moving average price is $78.74. The company has a quick ratio of 1.74, a current ratio of 3.36 and a debt-to-equity ratio of 0.22. Boise Cascade, L.L.C. has a 12-month low of $65.14 and a 12-month high of $103.44.

Boise Cascade Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Monday, February 23rd will be paid a $0.22 dividend. The ex-dividend date is Monday, February 23rd. This represents a $0.88 annualized dividend and a dividend yield of 1.1%. Boise Cascade’s dividend payout ratio (DPR) is presently 25.00%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BCC. BMO Capital Markets restated an “outperform” rating on shares of Boise Cascade in a report on Thursday, January 8th. The Goldman Sachs Group increased their target price on shares of Boise Cascade from $85.00 to $94.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. DA Davidson reaffirmed a “buy” rating and issued a $95.00 price target on shares of Boise Cascade in a research report on Tuesday, February 24th. Truist Financial upped their price target on Boise Cascade from $92.00 to $103.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Finally, Weiss Ratings raised Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 28th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $105.67.

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.