JPMorgan Chase & Co. Grows Stock Holdings in Boise Cascade, L.L.C. $BCC

JPMorgan Chase & Co. lifted its position in Boise Cascade, L.L.C. (NYSE:BCC) by 7.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 347,301 shares of the construction company’s stock after buying an additional 25,452 shares during the period. JPMorgan Chase & Co. owned approximately 0.94% of Boise Cascade worth $26,853,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Cerity Partners LLC boosted its stake in Boise Cascade by 3.8% in the second quarter. Cerity Partners LLC now owns 3,274 shares of the construction company’s stock valued at $284,000 after acquiring an additional 121 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of 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 purchasing an additional 126 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Boise Cascade by 6.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,726 shares of the construction company’s stock worth $211,000 after purchasing an additional 158 shares in the last quarter. CWM LLC grew its stake in Boise Cascade by 30.6% during the 3rd quarter. CWM LLC now owns 747 shares of the construction company’s stock worth $58,000 after buying an additional 175 shares during the last quarter. Finally, Evergreen Capital Management LLC raised its stake in Boise Cascade by 3.4% in the third quarter. Evergreen Capital Management LLC now owns 6,776 shares of the construction company’s stock valued at $524,000 after buying an additional 224 shares during the last quarter. Institutional investors own 96.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. The Goldman Sachs Group increased their price objective on shares of Boise Cascade from $85.00 to $94.00 and gave the company a “neutral” rating in a research report on Wednesday. Weiss Ratings upgraded shares of Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 28th. DA Davidson reissued a “buy” rating and set a $95.00 price objective on shares of Boise Cascade in a report on Tuesday, February 24th. BMO Capital Markets restated an “outperform” rating on shares of Boise Cascade in a research note on Thursday, January 8th. Finally, Wall Street Zen raised Boise Cascade from a “sell” rating to a “hold” rating in a research report on Saturday. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.67.

Boise Cascade Price Performance

NYSE:BCC opened at $82.63 on Friday. The firm’s fifty day moving average is $82.08 and its two-hundred day moving average is $78.91. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 23.47 and a beta of 1.27. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.69 and a current ratio of 3.36. Boise Cascade, L.L.C. has a one year low of $65.14 and a one year high of $106.41.

Boise Cascade Dividend Announcement

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