Public Sector Pension Investment Board Increases Stock Position in Boise Cascade, L.L.C. $BCC

Public Sector Pension Investment Board lifted its holdings in shares of Boise Cascade, L.L.C. (NYSE:BCC) by 13.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 145,636 shares of the construction company’s stock after buying an additional 17,316 shares during the period. Public Sector Pension Investment Board owned about 0.39% of Boise Cascade worth $11,261,000 at the end of the most recent reporting period.

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

Boise Cascade Price Performance

NYSE:BCC opened at $86.56 on Monday. Boise Cascade, L.L.C. has a 12-month low of $65.14 and a 12-month high of $122.99. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 17.11 and a beta of 1.27. The company’s 50-day moving average is $80.31 and its two-hundred day moving average is $78.82. The company has a current ratio of 3.10, a quick ratio of 1.69 and a debt-to-equity ratio of 0.22.

Boise Cascade Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Monday, February 23rd will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, February 23rd. Boise Cascade’s dividend payout ratio is currently 17.39%.

Analyst Ratings Changes

A number of research firms have recently issued reports on BCC. Weiss Ratings upgraded shares of Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 28th. DA Davidson reaffirmed a “buy” rating and set a $95.00 price objective on shares of Boise Cascade in a report on Thursday, November 20th. Truist Financial upped their target price on Boise Cascade from $88.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Boise Cascade in a research note on Thursday, January 8th. Finally, Wall Street Zen lowered shares of Boise Cascade from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.83.

About Boise Cascade

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.