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.
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.
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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.
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