Boise Cascade Co (BCC) Shares Sold by KBC Group NV

Share on StockTwits

KBC Group NV decreased its position in Boise Cascade Co (NYSE:BCC) by 49.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,241 shares of the construction company’s stock after selling 52,952 shares during the period. KBC Group NV owned about 0.14% of Boise Cascade worth $1,270,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. IMS Capital Management purchased a new position in Boise Cascade in the third quarter valued at approximately $37,000. Paradigm Asset Management Co. LLC purchased a new position in Boise Cascade in the third quarter valued at approximately $46,000. United Services Automobile Association lifted its stake in Boise Cascade by 18.7% in the second quarter. United Services Automobile Association now owns 8,557 shares of the construction company’s stock valued at $383,000 after purchasing an additional 1,346 shares during the last quarter. Strs Ohio lifted its stake in Boise Cascade by 7.1% in the fourth quarter. Strs Ohio now owns 28,600 shares of the construction company’s stock valued at $682,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Summit Global Investments lifted its stake in Boise Cascade by 14.2% in the third quarter. Summit Global Investments now owns 16,100 shares of the construction company’s stock valued at $592,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 95.69% of the company’s stock.

Shares of BCC stock opened at $27.94 on Tuesday. The company has a current ratio of 2.36, a quick ratio of 1.17 and a debt-to-equity ratio of 0.59. Boise Cascade Co has a 1 year low of $22.00 and a 1 year high of $49.30. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 1.84 and a beta of 1.91.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be issued a dividend of $0.09 per share. The ex-dividend date is Thursday, February 28th. This represents a $0.36 dividend on an annualized basis and a yield of 1.29%. Boise Cascade’s payout ratio is 18.85%.

BCC has been the topic of several research analyst reports. Zacks Investment Research downgraded Boise Cascade from a “hold” rating to a “sell” rating in a research note on Thursday, October 18th. ValuEngine downgraded Boise Cascade from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 1st. DA Davidson dropped their price objective on Boise Cascade to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 7th. TheStreet downgraded Boise Cascade from a “b-” rating to a “c+” rating in a research note on Wednesday, December 19th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $32.00 price objective on shares of Boise Cascade in a research note on Wednesday, January 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $41.25.

ILLEGAL ACTIVITY WARNING: This piece was reported by Ticker Report and is owned by of Ticker Report. If you are reading this piece on another publication, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be viewed at https://www.tickerreport.com/banking-finance/4146121/boise-cascade-co-bcc-shares-sold-by-kbc-group-nv.html.

Boise Cascade Profile

Boise Cascade Company manufactures wood products and distributes building materials in the United States and Canada. It operates in two segments, Wood Products and Building Materials Distribution. The Wood Products segment manufactures laminated veneer lumber and laminated beams used in headers and beams; I-joists for residential and commercial flooring and roofing systems, and other structural applications; structural, appearance, and industrial plywood panels; and ponderosa pine lumber, studs, and particleboards.

Read More: Why do companies engage in swaps?

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

Receive News & Ratings for Boise Cascade Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boise Cascade and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Monarch Partners Asset Management LLC Buys Shares of 567,333 Ladder Capital Corp
Monarch Partners Asset Management LLC Buys Shares of 567,333 Ladder Capital Corp
Monarch Partners Asset Management LLC Purchases 33,854 Shares of WNS  Limited
Monarch Partners Asset Management LLC Purchases 33,854 Shares of WNS Limited
Parkwood LLC Purchases New Position in EnLink Midstream LLC
Parkwood LLC Purchases New Position in EnLink Midstream LLC
Monarch Partners Asset Management LLC Grows Stake in Carrols Restaurant Group, Inc.
Monarch Partners Asset Management LLC Grows Stake in Carrols Restaurant Group, Inc.
Parkwood LLC Has $772,000 Holdings in Ceridian HCM Holding Inc
Parkwood LLC Has $772,000 Holdings in Ceridian HCM Holding Inc
Parkwood LLC Has $4.41 Million Stake in Primerica, Inc.
Parkwood LLC Has $4.41 Million Stake in Primerica, Inc.


Leave a Reply

© 2006-2019 Ticker Report