Baker Ellis Asset Management LLC Reduces Stock Holdings in Boise Cascade (NYSE:BCC)

Baker Ellis Asset Management LLC reduced its holdings in Boise Cascade (NYSE:BCC) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,380 shares of the construction company’s stock after selling 100 shares during the period. Baker Ellis Asset Management LLC’s holdings in Boise Cascade were worth $1,947,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Larson Financial Group LLC boosted its holdings in shares of Boise Cascade by 23.9% in the 3rd quarter. Larson Financial Group LLC now owns 378 shares of the construction company’s stock valued at $53,000 after acquiring an additional 73 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Boise Cascade by 4.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,757 shares of the construction company’s stock valued at $248,000 after acquiring an additional 78 shares during the last quarter. First Trust Direct Indexing L.P. boosted its holdings in shares of Boise Cascade by 7.3% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 1,893 shares of the construction company’s stock valued at $267,000 after acquiring an additional 128 shares during the last quarter. Invst LLC boosted its holdings in shares of Boise Cascade by 2.6% in the 3rd quarter. Invst LLC now owns 5,060 shares of the construction company’s stock valued at $713,000 after acquiring an additional 128 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Boise Cascade by 1.9% in the 2nd quarter. Bank of Montreal Can now owns 7,456 shares of the construction company’s stock valued at $890,000 after acquiring an additional 137 shares during the last quarter. 96.18% of the stock is owned by hedge funds and other institutional investors.

Boise Cascade Stock Performance

NYSE:BCC opened at $128.02 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 3.13. The company has a fifty day moving average of $132.18 and a two-hundred day moving average of $133.40. The stock has a market capitalization of $4.92 billion, a PE ratio of 12.53 and a beta of 1.58. Boise Cascade has a fifty-two week low of $113.38 and a fifty-two week high of $155.42.

Boise Cascade (NYSE:BCC) last released its earnings results on Monday, November 4th. The construction company reported $2.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.04). Boise Cascade had a return on equity of 18.24% and a net margin of 5.95%. The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the previous year, the company earned $3.58 EPS. Boise Cascade’s quarterly revenue was down 6.6% compared to the same quarter last year. As a group, research analysts forecast that Boise Cascade will post 9.6 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, December 18th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date was Monday, December 2nd. Boise Cascade’s payout ratio is 8.22%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BCC shares. BMO Capital Markets boosted their target price on shares of Boise Cascade from $130.00 to $136.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. StockNews.com cut shares of Boise Cascade from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group decreased their target price on shares of Boise Cascade from $145.00 to $126.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Truist Financial decreased their target price on shares of Boise Cascade from $161.00 to $157.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Finally, Loop Capital began coverage on shares of Boise Cascade in a research note on Friday, November 1st. They issued a “buy” rating and a $155.00 target price for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $139.60.

About Boise Cascade

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.