R Squared Ltd Buys Shares of 3,255 Boise Cascade, L.L.C. $BCC

R Squared Ltd bought a new stake in shares of Boise Cascade, L.L.C. (NYSE:BCC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,255 shares of the construction company’s stock, valued at approximately $283,000.

Several other institutional investors also recently bought and sold shares of the stock. Westwood Holdings Group Inc. grew its position in shares of Boise Cascade by 25.7% in the first quarter. Westwood Holdings Group Inc. now owns 1,499,305 shares of the construction company’s stock valued at $147,067,000 after purchasing an additional 306,684 shares during the last quarter. American Century Companies Inc. grew its position in shares of Boise Cascade by 8.1% in the first quarter. American Century Companies Inc. now owns 1,226,383 shares of the construction company’s stock valued at $120,296,000 after purchasing an additional 92,019 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Boise Cascade in the first quarter valued at about $8,617,000. Vanguard Group Inc. grew its position in shares of Boise Cascade by 1.6% in the first quarter. Vanguard Group Inc. now owns 4,422,544 shares of the construction company’s stock valued at $433,807,000 after purchasing an additional 70,231 shares during the last quarter. Finally, Algert Global LLC grew its position in shares of Boise Cascade by 78.0% in the first quarter. Algert Global LLC now owns 128,390 shares of the construction company’s stock valued at $12,594,000 after purchasing an additional 56,258 shares during the last quarter. 96.18% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Troy Little sold 2,033 shares of Boise Cascade stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $83.10, for a total value of $168,942.30. Following the completion of the transaction, the executive vice president owned 12,701 shares in the company, valued at approximately $1,055,453.10. The trade was a 13.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jeffrey Robert Strom sold 1,000 shares of Boise Cascade stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $91.06, for a total transaction of $91,060.00. Following the completion of the transaction, the chief operating officer owned 37,026 shares of the company’s stock, valued at $3,371,587.56. This trade represents a 2.63% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,815 shares of company stock worth $409,637. Insiders own 0.98% of the company’s stock.

Boise Cascade Stock Up 1.6%

Shares of BCC opened at $73.13 on Friday. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 10.74, a P/E/G ratio of 5.58 and a beta of 1.27. The company has a quick ratio of 1.54, a current ratio of 2.96 and a debt-to-equity ratio of 0.21. Boise Cascade, L.L.C. has a 12 month low of $70.00 and a 12 month high of $155.42. The company has a 50-day moving average price of $80.43 and a two-hundred day moving average price of $86.08.

Boise Cascade (NYSE:BCC) last announced its quarterly earnings results on Monday, August 4th. The construction company reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.05). The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.76 billion. Boise Cascade had a return on equity of 12.26% and a net margin of 4.00%.The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.84 EPS. Equities analysts predict that Boise Cascade, L.L.C. will post 10.15 EPS for the current fiscal year.

Boise Cascade Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from Boise Cascade’s previous quarterly dividend of $0.21. The ex-dividend date was Tuesday, September 2nd. Boise Cascade’s dividend payout ratio is presently 12.92%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BCC. The Goldman Sachs Group decreased their target price on Boise Cascade from $96.00 to $82.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Wall Street Zen downgraded Boise Cascade from a “hold” rating to a “sell” rating in a research report on Saturday. DA Davidson decreased their target price on Boise Cascade from $100.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday. Bank of America decreased their target price on Boise Cascade from $111.00 to $107.00 and set a “buy” rating on the stock in a research report on Wednesday, July 9th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $100.00 target price on shares of Boise Cascade in a research report on Tuesday, September 16th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.50.

Boise Cascade Company 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.