LSV Asset Management Has $9.11 Million Holdings in Boise Cascade, L.L.C. $BCC

LSV Asset Management cut its holdings in Boise Cascade, L.L.C. (NYSE:BCC) by 55.0% during the 4th quarter, HoldingsChannel reports. The fund owned 123,800 shares of the construction company’s stock after selling 151,500 shares during the quarter. LSV Asset Management’s holdings in Boise Cascade were worth $9,112,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC grew its stake in shares of Boise Cascade by 890.3% in the fourth quarter. SG Americas Securities LLC now owns 34,977 shares of the construction company’s stock valued at $2,574,000 after acquiring an additional 31,445 shares in the last quarter. AlphaQuest LLC grew its stake in shares of Boise Cascade by 131.5% in the third quarter. AlphaQuest LLC now owns 35,873 shares of the construction company’s stock valued at $2,774,000 after acquiring an additional 20,378 shares in the last quarter. Allianz Asset Management GmbH grew its stake in shares of Boise Cascade by 10.2% in the third quarter. Allianz Asset Management GmbH now owns 175,031 shares of the construction company’s stock valued at $13,533,000 after acquiring an additional 16,270 shares in the last quarter. Cinctive Capital Management LP acquired a new position in shares of Boise Cascade in the third quarter valued at about $4,214,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Boise Cascade by 2.6% in the third quarter. Dimensional Fund Advisors LP now owns 2,280,347 shares of the construction company’s stock valued at $176,313,000 after acquiring an additional 58,131 shares in the last quarter. 96.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Jill Twedt sold 6,070 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $66.45, for a total value of $403,351.50. Following the transaction, the senior vice president directly owned 26,545 shares in the company, valued at $1,763,915.25. This trade represents a 18.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.42% of the stock is currently owned by corporate insiders.

Boise Cascade Stock Performance

Shares of BCC stock opened at $67.13 on Tuesday. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 22.68, a price-to-earnings-growth ratio of 1.00 and a beta of 1.15. Boise Cascade, L.L.C. has a 52 week low of $65.00 and a 52 week high of $95.00. The company has a quick ratio of 1.37, a current ratio of 2.77 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average of $74.61 and a 200-day moving average of $76.88.

Boise Cascade (NYSE:BCC) last announced its quarterly earnings data on Monday, May 4th. The construction company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.43 by $0.07. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.46 billion. Boise Cascade had a net margin of 1.73% and a return on equity of 5.55%. The company’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.06 EPS. On average, equities analysts forecast that Boise Cascade, L.L.C. will post 3.67 earnings per share for the current year.

Boise Cascade Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Monday, June 1st will be issued 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, June 1st. Boise Cascade’s dividend payout ratio (DPR) is currently 29.73%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BCC shares. DA Davidson decreased their price target on shares of Boise Cascade from $95.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Wall Street Zen raised shares of Boise Cascade from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings raised Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 18th. The Goldman Sachs Group upped their price objective on Boise Cascade from $85.00 to $94.00 and gave the company a “neutral” rating in a research note on Wednesday, February 25th. Finally, Truist Financial set a $97.00 price objective on Boise Cascade in a research note on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $98.00.

Boise Cascade 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.