Medina Value Partners LLC Invests $16.72 Million in Boise Cascade, L.L.C. $BCC

Medina Value Partners LLC bought a new position in shares of Boise Cascade, L.L.C. (NYSE:BCC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 227,200 shares of the construction company’s stock, valued at approximately $16,722,000. Boise Cascade makes up about 3.9% of Medina Value Partners LLC’s holdings, making the stock its 14th biggest holding.

A number of other large investors have also modified their holdings of BCC. Norges Bank purchased a new stake in shares of Boise Cascade during the fourth quarter worth $42,146,000. Wellington Management Group LLP grew its holdings in shares of Boise Cascade by 19.8% during the third quarter. Wellington Management Group LLP now owns 3,268,407 shares of the construction company’s stock worth $252,713,000 after buying an additional 539,962 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Boise Cascade by 214,282.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 420,189 shares of the construction company’s stock valued at $30,926,000 after acquiring an additional 419,993 shares during the last quarter. Two Sigma Investments LP boosted its position in shares of Boise Cascade by 377.6% during the 3rd quarter. Two Sigma Investments LP now owns 292,556 shares of the construction company’s stock valued at $22,620,000 after acquiring an additional 231,302 shares during the last quarter. Finally, Bank of America Corp DE boosted its position 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 valued at $36,260,000 after acquiring an additional 181,025 shares during the last quarter. Hedge funds and other institutional investors own 96.18% of the company’s stock.

Insider Buying and Selling

In other Boise Cascade news, SVP Jill Twedt sold 6,070 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $66.45, for a total value of $403,351.50. Following the transaction, the senior vice president owned 26,545 shares of the company’s stock, valued at $1,763,915.25. This represents a 18.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.42% of the stock is owned by insiders.

Boise Cascade Trading Up 0.0%

Shares of BCC stock opened at $71.16 on Monday. The company’s 50-day moving average price is $73.63 and its 200-day moving average price is $76.87. The company has a current ratio of 2.77, a quick ratio of 1.37 and a debt-to-equity ratio of 0.24. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 1.06 and a beta of 1.09. Boise Cascade, L.L.C. has a twelve month low of $65.00 and a twelve month high of $95.00.

Boise Cascade (NYSE:BCC) last posted its earnings results on Monday, May 4th. The construction company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.07. Boise Cascade had a net margin of 1.73% and a return on equity of 5.55%. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the prior year, the company posted $1.06 earnings per share. Boise Cascade’s revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, equities analysts predict that Boise Cascade, L.L.C. will post 3.67 earnings per share for the current year.

Boise Cascade Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st will be given a $0.22 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.88 dividend on an annualized basis and a yield of 1.2%. Boise Cascade’s dividend payout ratio is presently 29.73%.

Wall Street Analysts Forecast Growth

BCC has been the topic of several recent research reports. Zacks Research raised shares of Boise Cascade from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Truist Financial set a $97.00 price target on shares of Boise Cascade in a research report on Wednesday, May 6th. DA Davidson lowered their price target on shares of Boise Cascade from $95.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Weiss Ratings raised shares of Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. Finally, Wall Street Zen raised shares of Boise Cascade from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $98.00.

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.