Universal Beteiligungs und Servicegesellschaft mbH Trims Stake in Boise Cascade, L.L.C. $BCC

Universal Beteiligungs und Servicegesellschaft mbH reduced its position in shares of Boise Cascade, L.L.C. (NYSE:BCC) by 22.6% during the 4th quarter, HoldingsChannel reports. The firm owned 71,736 shares of the construction company’s stock after selling 20,956 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Boise Cascade were worth $5,282,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Cerity Partners LLC increased its holdings in Boise Cascade by 3.8% during the 2nd quarter. Cerity Partners LLC now owns 3,274 shares of the construction company’s stock worth $284,000 after purchasing an additional 121 shares during the period. Raymond James Financial Inc. boosted its position in Boise Cascade by 1.0% during the 2nd quarter. Raymond James Financial Inc. now owns 13,219 shares of the construction company’s stock valued at $1,148,000 after acquiring an additional 126 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Boise Cascade by 6.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,726 shares of the construction company’s stock valued at $211,000 after acquiring an additional 158 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in Boise Cascade by 1.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 9,013 shares of the construction company’s stock valued at $663,000 after acquiring an additional 163 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in Boise Cascade by 0.8% during the 4th quarter. State of Alaska Department of Revenue now owns 21,171 shares of the construction company’s stock valued at $1,558,000 after acquiring an additional 164 shares in the last quarter. 96.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BCC shares. Weiss Ratings raised Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 30th. BMO Capital Markets restated an “outperform” rating on shares of Boise Cascade in a research note on Thursday, January 8th. Wall Street Zen upgraded Boise Cascade from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. The Goldman Sachs Group boosted their target price on Boise Cascade from $85.00 to $94.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 25th. Finally, Truist Financial dropped their target price on Boise Cascade from $103.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Boise Cascade presently has an average rating of “Moderate Buy” and a consensus target price of $99.20.

Boise Cascade Stock Performance

Shares of BCC stock opened at $82.76 on Wednesday. The stock has a market cap of $2.97 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 1.21 and a beta of 1.23. The business has a 50-day simple moving average of $77.79 and a 200-day simple moving average of $77.06. 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, L.L.C. has a 52-week low of $65.14 and a 52-week high of $97.67.

Boise Cascade Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Monday, February 23rd were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, February 23rd. Boise Cascade’s payout ratio is 25.00%.

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.