Boise Cascade, L.L.C. $BCC Shares Acquired by Verition Fund Management LLC

Verition Fund Management LLC increased its holdings in shares of Boise Cascade, L.L.C. (NYSE:BCC) by 10.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 458,192 shares of the construction company’s stock after acquiring an additional 43,255 shares during the quarter. Verition Fund Management LLC’s holdings in Boise Cascade were worth $33,723,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of BCC. Medina Value Partners LLC acquired a new stake in Boise Cascade during the 4th quarter worth $16,722,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Boise Cascade by 28.4% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 114,859 shares of the construction company’s stock worth $8,454,000 after purchasing an additional 25,432 shares in the last quarter. Arax Advisory Partners increased its position in shares of Boise Cascade by 47.2% during the fourth quarter. Arax Advisory Partners now owns 964 shares of the construction company’s stock worth $71,000 after purchasing an additional 309 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Boise Cascade in the 4th quarter valued at about $1,163,000. Finally, UMB Bank n.a. lifted its holdings in shares of Boise Cascade by 98.5% in the 4th 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 last quarter. Hedge funds and other institutional investors own 96.18% of the company’s stock.

Boise Cascade Trading Up 0.0%

NYSE BCC opened at $71.16 on Monday. The stock has a market capitalization of $2.50 billion, a P/E ratio of 24.04, a P/E/G ratio of 1.06 and a beta of 1.09. Boise Cascade, L.L.C. has a 52-week low of $65.00 and a 52-week high of $95.00. The firm has a 50-day moving average price of $73.63 and a 200 day moving average price of $76.87. The company has a quick ratio of 1.37, a current ratio of 2.77 and a debt-to-equity ratio of 0.24.

Boise Cascade (NYSE:BCC) last announced its quarterly earnings data on Monday, May 4th. The construction company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.07. Boise Cascade had a return on equity of 5.55% and a net margin of 1.73%.The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the company earned $1.06 EPS. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. Equities research analysts expect that Boise Cascade, L.L.C. will post 3.67 EPS for the current year.

Boise Cascade Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Monday, June 1st will be paid a $0.22 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.2%. Boise Cascade’s payout ratio is 29.73%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BCC. Wall Street Zen upgraded Boise Cascade from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Zacks Research raised Boise Cascade from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Weiss Ratings raised shares of Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 18th. Truist Financial set a $97.00 price target on shares of Boise Cascade in a research report on Wednesday, May 6th. Finally, DA Davidson decreased their price target on shares of Boise Cascade from $95.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Boise Cascade currently has an average rating of “Moderate Buy” and an average target price of $98.00.

Insiders Place Their Bets

In other Boise Cascade news, SVP Jill Twedt sold 6,070 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $66.45, for a total value of $403,351.50. Following the completion of the transaction, the senior vice president owned 26,545 shares in the company, valued at approximately $1,763,915.25. This represents a 18.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.42% of the stock is owned by corporate insiders.

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.