Fox Run Management L.L.C. Invests $498,000 in Boise Cascade, L.L.C. $BCC

Fox Run Management L.L.C. acquired a new position in Boise Cascade, L.L.C. (NYSE:BCC) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 6,438 shares of the construction company’s stock, valued at approximately $498,000.

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

Boise Cascade Stock Performance

Shares of BCC opened at $82.63 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.36 and a quick ratio of 1.69. The firm’s 50 day moving average is $82.08 and its 200-day moving average is $78.91. Boise Cascade, L.L.C. has a 12-month low of $65.14 and a 12-month high of $106.41. The stock has a market capitalization of $2.95 billion, a P/E ratio of 23.47 and a beta of 1.27.

Boise Cascade Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. DA Davidson reiterated a “buy” rating and set a $95.00 price target on shares of Boise Cascade in a research report on Tuesday, February 24th. Weiss Ratings raised shares of Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 28th. Truist Financial increased their target price on shares of Boise Cascade from $92.00 to $103.00 and gave the company a “buy” rating in a research report on Wednesday. Wall Street Zen upgraded shares of Boise Cascade from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Boise Cascade in a research note on Thursday, January 8th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Boise Cascade has an average rating of “Moderate Buy” and an average price target of $105.67.

About Boise Cascade

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.