Boise Cascade, L.L.C. $BCC Shares Purchased by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. grew its position in Boise Cascade, L.L.C. (NYSE:BCC) by 9.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,645,026 shares of the construction company’s stock after buying an additional 145,721 shares during the period. Boise Cascade accounts for approximately 1.3% of Westwood Holdings Group Inc.’s investment portfolio, making the stock its 6th largest position. Westwood Holdings Group Inc. owned 4.41% of Boise Cascade worth $142,821,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Huntington National Bank raised its position in Boise Cascade by 630.0% in the second quarter. Huntington National Bank now owns 438 shares of the construction company’s stock valued at $38,000 after purchasing an additional 378 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Boise Cascade by 120.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 406 shares of the construction company’s stock valued at $40,000 after buying an additional 222 shares during the last quarter. RMG Wealth Management LLC purchased a new stake in shares of Boise Cascade in the 2nd quarter valued at approximately $42,000. Blue Trust Inc. boosted its position in shares of Boise Cascade by 28.6% during the 2nd quarter. Blue Trust Inc. now owns 1,181 shares of the construction company’s stock worth $103,000 after purchasing an additional 263 shares during the period. Finally, Magnetar Financial LLC purchased a new position in shares of Boise Cascade during the first quarter worth $206,000. 96.18% of the stock is currently owned by institutional investors and hedge funds.

Boise Cascade Stock Down 0.2%

Shares of NYSE:BCC opened at $69.01 on Friday. The company has a quick ratio of 1.69, a current ratio of 3.10 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $2.56 billion, a P/E ratio of 13.64, a P/E/G ratio of 5.72 and a beta of 1.27. The stock’s fifty day simple moving average is $75.37 and its 200-day simple moving average is $83.55. Boise Cascade, L.L.C. has a 52-week low of $65.62 and a 52-week high of $155.42.

Boise Cascade (NYSE:BCC) last released its earnings results on Monday, November 3rd. The construction company reported $0.58 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.58. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.64 billion. Boise Cascade had a net margin of 2.96% and a return on equity of 9.00%. Boise Cascade’s revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.33 earnings per share. As a group, equities research analysts forecast that Boise Cascade, L.L.C. will post 10.15 earnings per share for the current fiscal year.

Boise Cascade Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Monday, December 1st will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, December 1st. Boise Cascade’s payout ratio is 17.39%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. BMO Capital Markets upgraded shares of Boise Cascade from a “market perform” rating to an “outperform” rating and set a $100.00 price target for the company in a research note on Wednesday, November 5th. Weiss Ratings reissued a “sell (d+)” rating on shares of Boise Cascade in a report on Thursday. DA Davidson cut 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, October 24th. Wall Street Zen downgraded Boise Cascade from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Finally, Truist Financial reduced their price target on shares of Boise Cascade from $101.00 to $96.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Boise Cascade has a consensus rating of “Moderate Buy” and a consensus price target of $102.50.

Insider Transactions at Boise Cascade

In other Boise Cascade news, COO Jeffrey Robert Strom sold 1,000 shares of the firm’s stock in a transaction 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 directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.98% of the stock is owned by corporate insiders.

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.