Boise Cascade, L.L.C. $BCC Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its position in shares of Boise Cascade, L.L.C. (NYSE:BCC) by 23.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,824,952 shares of the construction company’s stock after selling 555,547 shares during the quarter. Wellington Management Group LLP owned 5.23% of Boise Cascade worth $141,671,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of BCC. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Boise Cascade by 231.2% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 371 shares of the construction company’s stock valued at $29,000 after acquiring an additional 259 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Boise Cascade by 77.5% during the fourth quarter. Fifth Third Bancorp now owns 410 shares of the construction company’s stock worth $30,000 after purchasing an additional 179 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Boise Cascade during the third quarter worth $38,000. UMB Bank n.a. lifted its position in Boise Cascade by 98.5% during the fourth quarter. UMB Bank n.a. now owns 524 shares of the construction company’s stock valued at $39,000 after purchasing an additional 260 shares during the period. Finally, iSAM Funds UK Ltd acquired a new position in Boise Cascade during the third quarter valued at $44,000. Institutional investors and hedge funds own 96.18% of the company’s stock.

Insider Activity at Boise Cascade

In other Boise Cascade news, Director Kristopher J. Matula sold 1,930 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total transaction of $163,239.40. Following the transaction, the director owned 13,982 shares of the company’s stock, valued at approximately $1,182,597.56. The trade was a 12.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jill Twedt sold 1,250 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $79.40, for a total value of $99,250.00. Following the completion of the sale, the senior vice president owned 25,295 shares of the company’s stock, valued at approximately $2,008,423. The trade was a 4.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.42% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Weiss Ratings upgraded Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, August 17th. Zacks Research lowered Boise Cascade from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. DA Davidson lifted their price target on Boise Cascade from $92.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Bank of America boosted their price target on Boise Cascade from $80.00 to $81.00 and gave the company an “underperform” rating in a report on Tuesday, July 14th. Finally, The Goldman Sachs Group upped their price objective on Boise Cascade from $81.00 to $91.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $93.60.

Boise Cascade Price Performance

Shares of NYSE BCC opened at $77.92 on Tuesday. The firm has a 50-day simple moving average of $78.99 and a 200-day simple moving average of $76.56. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 26.41, a price-to-earnings-growth ratio of 1.06 and a beta of 1.10. The company has a quick ratio of 1.31, a current ratio of 2.71 and a debt-to-equity ratio of 0.24. Boise Cascade, L.L.C. has a 52 week low of $65.00 and a 52 week high of $91.97.

Boise Cascade (NYSE:BCC) last posted its quarterly earnings results on Monday, August 3rd. The construction company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.40. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.77 billion. Boise Cascade had a net margin of 1.64% and a return on equity of 5.41%. Boise Cascade’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.64 earnings per share. On average, equities analysts predict that Boise Cascade, L.L.C. will post 3.86 earnings per share for the current fiscal year.

Boise Cascade Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Tuesday, September 1st will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from Boise Cascade’s previous quarterly dividend of $0.22. The ex-dividend date is Tuesday, September 1st. Boise Cascade’s dividend payout ratio (DPR) is currently 29.83%.

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.