Peregrine Capital Management LLC trimmed its position in shares of Boise Cascade, L.L.C. (NYSE:BCC – Free Report) by 5.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 176,255 shares of the construction company’s stock after selling 11,004 shares during the period. Peregrine Capital Management LLC owned 0.49% of Boise Cascade worth $13,369,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd boosted its position in shares of Boise Cascade by 231.2% during the third quarter. Caitong International Asset Management Co. Ltd now owns 371 shares of the construction company’s stock worth $29,000 after buying an additional 259 shares during the period. Fifth Third Bancorp increased its position in Boise Cascade by 77.5% in the 4th quarter. Fifth Third Bancorp now owns 410 shares of the construction company’s stock valued at $30,000 after acquiring an additional 179 shares during the period. Advisory Services Network LLC bought a new stake in Boise Cascade during the 3rd quarter valued at $38,000. UMB Bank n.a. raised its stake in Boise Cascade by 98.5% during the 4th quarter. UMB Bank n.a. now owns 524 shares of the construction company’s stock valued at $39,000 after acquiring an additional 260 shares in the last quarter. Finally, Signaturefd LLC boosted its position in Boise Cascade by 5,866.7% during the 4th quarter. Signaturefd LLC now owns 537 shares of the construction company’s stock worth $40,000 after acquiring an additional 528 shares during the period. Institutional investors own 96.18% of the company’s stock.
Insider Transactions at Boise Cascade
In other Boise Cascade news, SVP Jill Twedt sold 6,070 shares of Boise Cascade stock in a transaction that occurred on 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 in the company, valued at approximately $1,763,915.25. The trade was a 18.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.42% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Report on Boise Cascade
Boise Cascade Price Performance
Shares of NYSE BCC opened at $77.59 on Wednesday. Boise Cascade, L.L.C. has a twelve month low of $65.00 and a twelve month high of $95.00. 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 company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 1.18 and a beta of 1.09. The firm has a 50-day moving average of $72.91 and a two-hundred day moving average of $76.90.
Boise Cascade (NYSE:BCC – Get Free Report) last announced its quarterly earnings data on Monday, May 4th. The construction company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate 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 previous year, the company posted $1.06 EPS. The business’s revenue was down 2.5% compared to the same quarter last year. As a group, analysts expect that Boise Cascade, L.L.C. will post 3.67 earnings per share for the current fiscal year.
Boise Cascade Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Monday, June 1st were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Monday, June 1st. Boise Cascade’s dividend payout ratio (DPR) is presently 29.73%.
Boise Cascade Profile
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.
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