Boise Cascade, L.L.C. $BCC Shares Sold by Rathbones Group PLC

Rathbones Group PLC reduced its stake in shares of Boise Cascade, L.L.C. (NYSE:BCC) by 40.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 36,279 shares of the construction company’s stock after selling 24,364 shares during the quarter. Rathbones Group PLC’s holdings in Boise Cascade were worth $2,805,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Royal Bank of Canada raised its stake in shares of Boise Cascade by 4.0% in the 1st quarter. Royal Bank of Canada now owns 34,704 shares of the construction company’s stock valued at $3,404,000 after purchasing an additional 1,332 shares in the last quarter. AQR Capital Management LLC increased its holdings in Boise Cascade by 8.8% in the first quarter. AQR Capital Management LLC now owns 36,639 shares of the construction company’s stock valued at $3,594,000 after buying an additional 2,966 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Boise Cascade by 1,638.4% in the first quarter. Jones Financial Companies Lllp now owns 4,120 shares of the construction company’s stock valued at $404,000 after buying an additional 3,883 shares during the last quarter. United Services Automobile Association acquired a new stake in Boise Cascade during the first quarter valued at approximately $258,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Boise Cascade by 2.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 203,631 shares of the construction company’s stock valued at $19,974,000 after buying an additional 3,978 shares in the last quarter. Institutional investors own 96.18% of the company’s stock.

Boise Cascade Stock Performance

Shares of BCC stock opened at $74.62 on Tuesday. The company has a market cap of $2.67 billion, a P/E ratio of 21.20, a PEG ratio of 1.03 and a beta of 1.26. The business has a 50 day moving average of $82.45 and a two-hundred day moving average of $78.50. Boise Cascade, L.L.C. has a 52 week low of $65.14 and a 52 week high of $103.44. The company has a quick ratio of 1.74, a current ratio of 3.36 and a debt-to-equity ratio of 0.22.

Boise Cascade Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Monday, February 23rd will be given a dividend of $0.22 per share. The ex-dividend date is Monday, February 23rd. This represents a $0.88 dividend on an annualized basis and a yield of 1.2%. Boise Cascade’s payout ratio is currently 25.00%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. BMO Capital Markets reiterated an “outperform” rating on shares of Boise Cascade in a research report on Thursday, January 8th. Truist Financial upped their price target on Boise Cascade from $92.00 to $103.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Weiss Ratings raised shares of Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 28th. Wall Street Zen upgraded shares of Boise Cascade from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, DA Davidson reissued a “buy” rating and set a $95.00 target price on shares of Boise Cascade in a report on Tuesday, February 24th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Boise Cascade currently has a consensus rating of “Moderate Buy” and an average price target of $105.67.

Boise Cascade Company Profile

Boise Cascade Company operates as a leading manufacturer and distributor of wood products and building materials in North America. The company’s operations are organized into two primary segments: wood products manufacturing and building materials distribution. In its manufacturing segment, Boise Cascade produces a wide array of engineered wood products, including plywood, oriented strand board (OSB), lumber, particleboard and laminated veneer lumber (LVL), serving residential, commercial and industrial customers.

In its distribution segment, Boise Cascade sources and delivers building materials through an extensive network of distribution centers, servicing professional builders, remodelers, contractors and industrial customers.