6,438 Shares in Boise Cascade, L.L.C. $BCC Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new stake in Boise Cascade, L.L.C. (NYSE:BCC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,438 shares of the construction company’s stock, valued at approximately $498,000.

Several other large investors also recently modified their holdings of BCC. Norges Bank acquired a new position in shares of Boise Cascade in the second quarter worth about $39,818,000. Bank of America Corp DE grew its stake in Boise Cascade by 76.5% during the 2nd quarter. Bank of America Corp DE now owns 417,642 shares of the construction company’s stock valued at $36,260,000 after purchasing an additional 181,025 shares in the last quarter. Westwood Holdings Group Inc. increased its holdings in Boise Cascade by 9.7% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,645,026 shares of the construction company’s stock worth $142,821,000 after purchasing an additional 145,721 shares during the last quarter. M&G PLC acquired a new position in shares of Boise Cascade in the 2nd quarter valued at approximately $8,984,000. Finally, Peregrine Capital Management LLC boosted its stake in shares of Boise Cascade by 89.2% during the 3rd quarter. Peregrine Capital Management LLC now owns 140,457 shares of the construction company’s stock valued at $10,860,000 after buying an additional 66,239 shares during the last quarter. 96.18% of the stock is currently owned by institutional investors and hedge funds.

Boise Cascade Price Performance

Shares of NYSE:BCC opened at $82.63 on Friday. The company has a market cap of $2.95 billion, a PE ratio of 23.47 and a beta of 1.27. Boise Cascade, L.L.C. has a fifty-two week low of $65.14 and a fifty-two week high of $106.41. The firm has a 50-day simple moving average of $82.08 and a 200 day simple moving average of $78.91. The company has a quick ratio of 1.69, a current ratio of 3.36 and a debt-to-equity ratio of 0.22.

Boise Cascade Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Monday, February 23rd will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Monday, February 23rd. Boise Cascade’s dividend payout ratio is presently 25.00%.

Analyst Upgrades and Downgrades

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

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.