Point72 Asia Singapore Pte. Ltd. Has $315,000 Stock Position in Boise Cascade (NYSE:BCC)

Point72 Asia Singapore Pte. Ltd. cut its holdings in Boise Cascade (NYSE:BCC) by 27.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,653 shares of the construction company’s stock after selling 1,024 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Boise Cascade were worth $315,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Barclays PLC increased its stake in Boise Cascade by 174.1% in the 3rd quarter. Barclays PLC now owns 90,366 shares of the construction company’s stock valued at $12,739,000 after buying an additional 57,403 shares during the last quarter. Burney Co. grew its holdings in shares of Boise Cascade by 14.1% in the 4th quarter. Burney Co. now owns 7,488 shares of the construction company’s stock valued at $890,000 after acquiring an additional 927 shares in the last quarter. Retireful LLC acquired a new stake in shares of Boise Cascade in the fourth quarter valued at about $289,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in Boise Cascade by 12.1% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,890 shares of the construction company’s stock worth $700,000 after acquiring an additional 635 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Boise Cascade by 49.2% during the fourth quarter. Blue Trust Inc. now owns 2,056 shares of the construction company’s stock worth $244,000 after acquiring an additional 678 shares in the last quarter. Institutional investors own 96.18% of the company’s stock.

Insider Buying and Selling at Boise Cascade

In other Boise Cascade news, COO Jeffrey Robert Strom sold 4,500 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $100.21, for a total value of $450,945.00. Following the completion of the sale, the chief operating officer now owns 38,026 shares of the company’s stock, valued at $3,810,585.46. The trade was a 10.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kristopher J. Matula sold 553 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $103.16, for a total transaction of $57,047.48. Following the transaction, the director now directly owns 13,099 shares in the company, valued at $1,351,292.84. This represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.98% of the company’s stock.

Boise Cascade Price Performance

Shares of BCC opened at $91.09 on Friday. The company’s 50-day moving average is $95.33 and its 200-day moving average is $116.32. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.34 and a quick ratio of 1.92. The firm has a market capitalization of $3.43 billion, a PE ratio of 9.53 and a beta of 1.43. Boise Cascade has a fifty-two week low of $84.53 and a fifty-two week high of $155.42.

Boise Cascade (NYSE:BCC) last issued its quarterly earnings data on Monday, May 5th. The construction company reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.36 by ($0.30). Boise Cascade had a return on equity of 17.04% and a net margin of 5.60%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the business earned $2.61 earnings per share. The company’s revenue was down 6.6% on a year-over-year basis. Equities analysts forecast that Boise Cascade will post 10.15 EPS for the current year.

Boise Cascade Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Monday, June 2nd. Boise Cascade’s dividend payout ratio is 10.49%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Benchmark restated a “hold” rating on shares of Boise Cascade in a research note on Tuesday, February 25th. Loop Capital decreased their target price on shares of Boise Cascade from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Monday, April 14th. DA Davidson decreased their price objective on shares of Boise Cascade from $155.00 to $125.00 and set a “buy” rating for the company in a research report on Monday, February 24th. BMO Capital Markets lowered their price objective on shares of Boise Cascade from $136.00 to $122.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 25th. Finally, Truist Financial cut their target price on shares of Boise Cascade from $134.00 to $118.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $125.00.

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.