Mission Wealth Management LP Has $758,000 Stock Holdings in Boise Cascade, L.L.C. (NYSE:BCC)

Mission Wealth Management LP boosted its holdings in shares of Boise Cascade, L.L.C. (NYSE:BCC) by 4.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,729 shares of the construction company’s stock after acquiring an additional 327 shares during the quarter. Mission Wealth Management LP’s holdings in Boise Cascade were worth $758,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its stake in shares of Boise Cascade by 27.8% in the fourth quarter. Van ECK Associates Corp now owns 31,203 shares of the construction company’s stock worth $3,709,000 after purchasing an additional 6,788 shares during the last quarter. Rhumbline Advisers lifted its holdings in Boise Cascade by 6.2% during the 4th quarter. Rhumbline Advisers now owns 120,180 shares of the construction company’s stock worth $14,285,000 after buying an additional 7,025 shares during the period. Principal Securities Inc. grew its position in shares of Boise Cascade by 44.2% in the 4th quarter. Principal Securities Inc. now owns 473 shares of the construction company’s stock valued at $56,000 after buying an additional 145 shares during the last quarter. Monument Capital Management increased its stake in shares of Boise Cascade by 32.8% in the fourth quarter. Monument Capital Management now owns 2,113 shares of the construction company’s stock valued at $251,000 after buying an additional 522 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of Boise Cascade by 2.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 15,192 shares of the construction company’s stock valued at $1,806,000 after buying an additional 423 shares during the period. 96.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Boise Cascade Stock Performance

NYSE:BCC opened at $84.04 on Wednesday. The firm has a market capitalization of $3.16 billion, a P/E ratio of 10.49, a P/E/G ratio of 3.72 and a beta of 1.36. Boise Cascade, L.L.C. has a twelve month low of $83.72 and a twelve month high of $155.42. The company has a fifty day moving average of $90.56 and a 200-day moving average of $107.65. The company has a quick ratio of 1.51, a current ratio of 2.82 and a debt-to-equity ratio of 0.22.

Boise Cascade (NYSE:BCC) last announced its quarterly earnings data on Monday, May 5th. The construction company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.36 by ($0.30). The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. Boise Cascade had a net margin of 4.72% and a return on equity of 14.36%. Boise Cascade’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.61 EPS. As a group, sell-side analysts anticipate that Boise Cascade, L.L.C. will post 10.15 EPS for the current year.

Boise Cascade Dividend Announcement

The company also recently declared 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. The ex-dividend date is Monday, June 2nd. This represents a $0.84 annualized dividend and a yield of 1.00%. Boise Cascade’s payout ratio is currently 10.49%.

Insider Buying and Selling at Boise Cascade

In other Boise Cascade news, EVP Joanna L. Barney sold 1,000 shares of the company’s stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $87.68, for a total transaction of $87,680.00. Following the transaction, the executive vice president now owns 12,372 shares in the company, valued at approximately $1,084,776.96. This represents a 7.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Jill Twedt sold 1,200 shares of Boise Cascade stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $88.01, for a total transaction of $105,612.00. Following the transaction, the senior vice president now owns 34,649 shares of the company’s stock, valued at $3,049,458.49. This represents a 3.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.11% of the company’s stock.

Boise Cascade 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.