Campbell & CO Investment Adviser LLC Purchases 1,591 Shares of Boise Cascade, L.L.C. $BCC

Campbell & CO Investment Adviser LLC lifted its position in Boise Cascade, L.L.C. (NYSE:BCC) by 6.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 27,344 shares of the construction company’s stock after buying an additional 1,591 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Boise Cascade were worth $2,374,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Huntington National Bank grew its stake in Boise Cascade by 630.0% in the second quarter. Huntington National Bank now owns 438 shares of the construction company’s stock valued at $38,000 after acquiring an additional 378 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Boise Cascade by 120.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 406 shares of the construction company’s stock valued at $40,000 after purchasing an additional 222 shares in the last quarter. RMG Wealth Management LLC acquired a new position in shares of Boise Cascade in the 2nd quarter valued at approximately $42,000. Blue Trust Inc. increased its stake in Boise Cascade by 28.6% during the 2nd quarter. Blue Trust Inc. now owns 1,181 shares of the construction company’s stock worth $103,000 after purchasing an additional 263 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new stake in Boise Cascade during the 1st quarter worth approximately $206,000. 96.18% of the stock is currently owned by institutional investors.

Boise Cascade Trading Down 0.3%

Boise Cascade stock opened at $70.54 on Monday. The company has a market cap of $2.61 billion, a price-to-earnings ratio of 13.94, a P/E/G ratio of 5.84 and a beta of 1.27. The firm has a 50-day moving average of $77.09 and a 200-day moving average of $84.30. 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, L.L.C. has a one year low of $65.62 and a one year high of $155.42.

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

Boise Cascade Announces Dividend

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

Analyst Upgrades and Downgrades

BCC has been the subject of several research analyst reports. Wall Street Zen cut shares of Boise Cascade from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. The Goldman Sachs Group cut their price objective on shares of Boise Cascade from $96.00 to $82.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Truist Financial lowered their target price on Boise Cascade from $101.00 to $96.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. Weiss Ratings downgraded Boise Cascade from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. Finally, BMO Capital Markets raised Boise Cascade from a “market perform” rating to an “outperform” rating and set a $100.00 price objective for the company in a research report on Wednesday. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.50.

Insiders Place Their Bets

In other Boise Cascade news, COO Jeffrey Robert Strom sold 1,000 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $91.06, for a total transaction of $91,060.00. Following the sale, the chief operating officer directly owned 37,026 shares of the company’s stock, valued at approximately $3,371,587.56. This represents a 2.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.11% of the company’s stock.

Boise Cascade Company Profile

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.