Boise Cascade, L.L.C. $BCC Shares Purchased by First Eagle Investment Management LLC

First Eagle Investment Management LLC boosted its holdings in shares of Boise Cascade, L.L.C. (NYSE:BCC) by 68.5% in the 2nd quarter, Holdings Channel reports. The fund owned 77,253 shares of the construction company’s stock after acquiring an additional 31,400 shares during the quarter. First Eagle Investment Management LLC’s holdings in Boise Cascade were worth $6,707,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of BCC. SummerHaven Investment Management LLC boosted its holdings in shares of Boise Cascade by 2.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 6,860 shares of the construction company’s stock worth $596,000 after purchasing an additional 152 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of Boise Cascade by 5.7% in the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,800 shares of the construction company’s stock valued at $243,000 after purchasing an additional 152 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Boise Cascade by 120.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 406 shares of the construction company’s stock worth $40,000 after buying an additional 222 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Boise Cascade by 9.8% during the first quarter. PNC Financial Services Group Inc. now owns 2,817 shares of the construction company’s stock worth $276,000 after buying an additional 251 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its stake in Boise Cascade by 3.6% during the first quarter. Evergreen Capital Management LLC now owns 7,428 shares of the construction company’s stock worth $729,000 after buying an additional 259 shares during the last quarter. 96.18% of the stock is owned by hedge funds and other institutional investors.

Boise Cascade Stock Performance

NYSE BCC opened at $70.54 on Friday. The stock has a fifty day simple moving average of $77.09 and a 200-day simple moving average of $84.42. The company has a current ratio of 3.10, a quick ratio of 1.54 and a debt-to-equity ratio of 0.22. The stock has a market cap of $2.61 billion, a PE ratio of 13.94, a P/E/G ratio of 5.85 and a beta of 1.27. Boise Cascade, L.L.C. has a twelve month low of $65.62 and a twelve month high of $155.42.

Boise Cascade (NYSE:BCC) last posted its earnings results on Monday, November 3rd. The construction company reported $0.58 EPS for the quarter, meeting analysts’ consensus estimates of $0.58. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Boise Cascade had a net margin of 2.96% and a return on equity of 9.00%. Boise Cascade’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.33 earnings per share. Equities analysts anticipate that Boise Cascade, L.L.C. will post 10.15 earnings per share for the current year.

Boise Cascade Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Monday, December 1st will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Monday, December 1st. Boise Cascade’s dividend payout ratio is currently 17.39%.

Insider Buying and Selling at Boise Cascade

In related news, COO Jeffrey Robert Strom sold 1,000 shares of Boise Cascade stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $91.06, for a total value of $91,060.00. Following the completion of the sale, the chief operating officer owned 37,026 shares in the company, valued at approximately $3,371,587.56. This trade represents a 2.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.98% of the company’s stock.

Wall Street Analysts Forecast Growth

BCC has been the subject of a number of recent research reports. DA Davidson cut their target price on Boise Cascade from $100.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, October 24th. BMO Capital Markets raised shares of Boise Cascade from a “market perform” rating to an “outperform” rating and set a $100.00 price objective for the company in a report on Wednesday. Weiss Ratings restated a “hold (c-)” rating on shares of Boise Cascade in a research report on Wednesday, October 8th. Truist Financial reduced their target price on shares of Boise Cascade from $101.00 to $96.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. Finally, The Goldman Sachs Group decreased their target price on shares of Boise Cascade from $96.00 to $82.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $102.50.

About Boise Cascade

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.