Baker Ellis Asset Management LLC Sells 100 Shares of Boise Cascade (NYSE:BCC)

Baker Ellis Asset Management LLC decreased its stake in shares of Boise Cascade (NYSE:BCCFree Report) by 0.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 16,400 shares of the construction company’s stock after selling 100 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in Boise Cascade were worth $2,122,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. MorganRosel Wealth Management LLC increased its holdings in shares of Boise Cascade by 58.3% during the 4th quarter. MorganRosel Wealth Management LLC now owns 9,661 shares of the construction company’s stock worth $1,250,000 after purchasing an additional 3,557 shares during the period. Global Retirement Partners LLC increased its stake in Boise Cascade by 1,147.1% in the fourth quarter. Global Retirement Partners LLC now owns 212 shares of the construction company’s stock valued at $28,000 after acquiring an additional 195 shares during the period. Blue Trust Inc. increased its stake in Boise Cascade by 58.1% in the fourth quarter. Blue Trust Inc. now owns 544 shares of the construction company’s stock valued at $70,000 after acquiring an additional 200 shares during the period. SeaCrest Wealth Management LLC bought a new stake in Boise Cascade in the fourth quarter valued at about $213,000. Finally, Highland Capital Management LLC bought a new stake in Boise Cascade in the fourth quarter valued at about $213,000. Institutional investors own 96.18% of the company’s stock.

Insider Activity at Boise Cascade

In related news, EVP Dean Michael Brown sold 11,117 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $139.09, for a total value of $1,546,263.53. Following the transaction, the executive vice president now directly owns 40,237 shares in the company, valued at $5,596,564.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.98% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Truist Financial upped their target price on shares of Boise Cascade from $156.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. The Goldman Sachs Group upped their target price on shares of Boise Cascade from $114.00 to $129.00 and gave the company a “neutral” rating in a research note on Thursday, January 11th. Finally, StockNews.com cut shares of Boise Cascade from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Boise Cascade presently has a consensus rating of “Hold” and a consensus target price of $125.00.

Check Out Our Latest Analysis on BCC

Boise Cascade Price Performance

Shares of BCC stock opened at $150.83 on Thursday. Boise Cascade has a 1 year low of $59.90 and a 1 year high of $154.67. The firm’s 50 day moving average is $137.88 and its 200-day moving average is $120.76. The firm has a market capitalization of $5.97 billion, a price-to-earnings ratio of 12.44 and a beta of 1.60. The company has a current ratio of 3.46, a quick ratio of 2.26 and a debt-to-equity ratio of 0.22.

Boise Cascade (NYSE:BCCGet Free Report) last announced its earnings results on Wednesday, February 21st. The construction company reported $2.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.01). Boise Cascade had a return on equity of 21.94% and a net margin of 7.07%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the company posted $2.95 earnings per share. Boise Cascade’s revenue for the quarter was up 1.0% on a year-over-year basis. Sell-side analysts forecast that Boise Cascade will post 11.58 EPS for the current fiscal year.

Boise Cascade Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were issued a $0.20 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.80 annualized dividend and a yield of 0.53%. Boise Cascade’s dividend payout ratio is currently 6.60%.

Boise Cascade Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Boise Cascade (NYSE:BCC)

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