First Trust Advisors LP Reduces Holdings in Boise Cascade Co (BCC)

First Trust Advisors LP cut its holdings in Boise Cascade Co (NYSE:BCC) by 27.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,004 shares of the construction company’s stock after selling 13,901 shares during the quarter. First Trust Advisors LP owned about 0.09% of Boise Cascade worth $1,437,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. American International Group Inc. raised its position in Boise Cascade by 5.8% in the third quarter. American International Group Inc. now owns 30,623 shares of the construction company’s stock worth $1,069,000 after acquiring an additional 1,667 shares in the last quarter. Chicago Equity Partners LLC raised its position in Boise Cascade by 8.2% in the fourth quarter. Chicago Equity Partners LLC now owns 22,270 shares of the construction company’s stock worth $889,000 after acquiring an additional 1,690 shares in the last quarter. Rhumbline Advisers raised its position in Boise Cascade by 2.3% in the third quarter. Rhumbline Advisers now owns 78,022 shares of the construction company’s stock worth $2,723,000 after acquiring an additional 1,740 shares in the last quarter. Convergence Investment Partners LLC raised its position in Boise Cascade by 5.8% in the fourth quarter. Convergence Investment Partners LLC now owns 37,472 shares of the construction company’s stock worth $1,495,000 after acquiring an additional 2,070 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in Boise Cascade by 57.3% in the third quarter. SG Americas Securities LLC now owns 6,952 shares of the construction company’s stock worth $243,000 after acquiring an additional 2,532 shares in the last quarter. Hedge funds and other institutional investors own 94.78% of the company’s stock.

Boise Cascade stock opened at $39.05 on Friday. The firm has a market capitalization of $1,506.78, a PE ratio of 20.34, a P/E/G ratio of 2.16 and a beta of 2.10. Boise Cascade Co has a 12 month low of $25.90 and a 12 month high of $45.95. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.44 and a quick ratio of 1.19.

Boise Cascade (NYSE:BCC) last issued its quarterly earnings results on Monday, February 26th. The construction company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.02). The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Boise Cascade had a return on equity of 11.85% and a net margin of 1.87%. The company’s revenue for the quarter was up 18.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.11 EPS. analysts expect that Boise Cascade Co will post 2.57 earnings per share for the current fiscal year.

The firm also recently announced a Not Available dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a yield of 0.00170109356014581%. Boise Cascade’s dividend payout ratio (DPR) is presently 13.15%.

In other Boise Cascade news, SVP John T. Sahlberg sold 6,582 shares of Boise Cascade stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $39.11, for a total transaction of $257,422.02. Following the transaction, the senior vice president now owns 73,385 shares of the company’s stock, valued at approximately $2,870,087.35. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.

BCC has been the topic of a number of analyst reports. DA Davidson lifted their price target on Boise Cascade to $43.00 and gave the stock a “hold” rating in a research note on Tuesday, February 27th. ValuEngine raised Boise Cascade from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Bank of America lifted their price target on Boise Cascade from $44.00 to $46.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. Zacks Investment Research cut Boise Cascade from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Finally, Seaport Global Securities initiated coverage on Boise Cascade in a research note on Thursday, March 15th. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $42.60.

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Boise Cascade Profile

Boise Cascade Company is an integrated wood products manufacturer and building materials distributor with operations throughout the United States and one manufacturing facility in Canada. The Company is also a producer of engineered wood products (EWP) and plywood in North America. The Company operates through three segments: Wood Products, Building Materials Distribution, and Corporate and Other.

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Institutional Ownership by Quarter for Boise Cascade (NYSE:BCC)

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