Bridge City Capital LLC Raises Stock Position in Boise Cascade (NYSE:BCC)

Bridge City Capital LLC raised its holdings in shares of Boise Cascade (NYSE:BCC) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,528 shares of the construction company’s stock after acquiring an additional 192 shares during the quarter. Bridge City Capital LLC’s holdings in Boise Cascade were worth $2,559,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Segall Bryant & Hamill LLC lifted its holdings in Boise Cascade by 2.0% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 14,254 shares of the construction company’s stock worth $2,010,000 after purchasing an additional 285 shares in the last quarter. Jennison Associates LLC purchased a new position in shares of Boise Cascade in the third quarter worth $862,000. Intech Investment Management LLC lifted its holdings in shares of Boise Cascade by 98.3% in the third quarter. Intech Investment Management LLC now owns 13,784 shares of the construction company’s stock worth $1,943,000 after buying an additional 6,832 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Boise Cascade by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 437,509 shares of the construction company’s stock worth $61,680,000 after acquiring an additional 9,128 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in Boise Cascade by 49.0% in the 3rd quarter. Citigroup Inc. now owns 57,546 shares of the construction company’s stock valued at $8,113,000 after acquiring an additional 18,933 shares during the last quarter. 96.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Benchmark restated a “hold” rating on shares of Boise Cascade in a research report on Tuesday, February 25th. Loop Capital reduced their price objective on Boise Cascade from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. DA Davidson lowered their target price on 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 reduced their price target on shares of Boise Cascade from $136.00 to $122.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 25th. Finally, The Goldman Sachs Group dropped their price objective 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, Boise Cascade currently has a consensus rating of “Hold” and a consensus price target of $128.50.

Boise Cascade Stock Down 1.0 %

Shares of NYSE:BCC opened at $99.46 on Friday. The firm has a market capitalization of $3.77 billion, a PE ratio of 10.40 and a beta of 1.67. The business has a 50 day simple moving average of $114.75 and a two-hundred day simple moving average of $128.15. Boise Cascade has a 1 year low of $95.33 and a 1 year high of $155.42. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.34 and a quick ratio of 1.92.

Boise Cascade (NYSE:BCC) last announced its quarterly earnings data on Thursday, February 20th. The construction company reported $1.78 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.01). Boise Cascade had a net margin of 5.60% and a return on equity of 17.04%. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.57 billion. On average, equities analysts predict that Boise Cascade will post 10.15 EPS for the current year.

Boise Cascade Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, February 24th were given a $0.21 dividend. The ex-dividend date was Monday, February 24th. This represents a $0.84 annualized dividend and a yield of 0.84%. Boise Cascade’s dividend payout ratio (DPR) is 8.79%.

Insiders Place Their Bets

In other news, COO Jeffrey Robert Strom sold 4,500 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $100.21, for a total transaction of $450,945.00. Following the transaction, the chief operating officer now owns 38,026 shares in the company, valued at approximately $3,810,585.46. This trade represents a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kristopher J. Matula sold 553 shares of Boise Cascade stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $103.16, for a total value of $57,047.48. Following the completion of the sale, the director now owns 13,099 shares of the company’s stock, valued at $1,351,292.84. The trade was 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 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.