Boise Cascade, L.L.C. $BCC Stake Reduced by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC decreased its holdings in shares of Boise Cascade, L.L.C. (NYSE:BCC) by 27.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,932 shares of the construction company’s stock after selling 10,238 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.07% of Boise Cascade worth $2,082,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in BCC. Salomon & Ludwin LLC bought a new stake in Boise Cascade during the third quarter worth approximately $28,000. Huntington National Bank increased its holdings in shares of Boise Cascade by 630.0% in the second quarter. Huntington National Bank now owns 438 shares of the construction company’s stock valued at $38,000 after buying an additional 378 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Boise Cascade by 1,071.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 492 shares of the construction company’s stock valued at $38,000 after acquiring an additional 450 shares during the last quarter. CWM LLC boosted its stake in shares of 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 acquiring an additional 175 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of Boise Cascade by 160.5% in the 3rd quarter. Versant Capital Management Inc now owns 883 shares of the construction company’s stock worth $68,000 after acquiring an additional 544 shares during the last quarter. Institutional investors and hedge funds own 96.18% of the company’s stock.

Boise Cascade Trading Down 1.3%

Shares of NYSE BCC opened at $77.32 on Friday. The company has a current ratio of 3.36, a quick ratio of 1.74 and a debt-to-equity ratio of 0.22. Boise Cascade, L.L.C. has a one year low of $65.14 and a one year high of $103.44. The business has a 50-day moving average price of $82.44 and a two-hundred day moving average price of $78.74. The firm has a market capitalization of $2.76 billion, a PE ratio of 21.97, a PEG ratio of 1.08 and a beta of 1.26.

Boise Cascade Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Monday, February 23rd will be given 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 yield of 1.1%. Boise Cascade’s payout ratio is presently 25.00%.

Wall Street Analyst Weigh In

BCC has been the subject of several analyst reports. DA Davidson reaffirmed a “buy” rating and set a $95.00 target price on shares of Boise Cascade in a report on Tuesday, February 24th. Wall Street Zen raised shares of Boise Cascade from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Weiss Ratings upgraded shares of Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 28th. BMO Capital Markets reissued an “outperform” rating on shares of Boise Cascade in a research report on Thursday, January 8th. Finally, Truist Financial upped their price target on shares of Boise Cascade from $92.00 to $103.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $105.67.

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.