Great Lakes Advisors LLC Has $471,000 Stock Position in Boise Cascade (NYSE:BCC)

Great Lakes Advisors LLC lifted its holdings in Boise Cascade (NYSE:BCC) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,643 shares of the construction company’s stock after purchasing an additional 175 shares during the period. Great Lakes Advisors LLC’s holdings in Boise Cascade were worth $471,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BCC. SummerHaven Investment Management LLC lifted its position in shares of Boise Cascade by 1.2% in the fourth quarter. SummerHaven Investment Management LLC now owns 7,593 shares of the construction company’s stock worth $982,000 after buying an additional 93 shares during the last quarter. New York State Teachers Retirement System grew its holdings in Boise Cascade by 0.4% during the fourth quarter. New York State Teachers Retirement System now owns 30,844 shares of the construction company’s stock valued at $3,990,000 after purchasing an additional 108 shares during the last quarter. Arizona State Retirement System raised its position in shares of Boise Cascade by 1.3% in the third quarter. Arizona State Retirement System now owns 11,272 shares of the construction company’s stock valued at $1,161,000 after purchasing an additional 145 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Boise Cascade by 2.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,429 shares of the construction company’s stock worth $1,220,000 after buying an additional 188 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in shares of Boise Cascade by 1,147.1% during the 4th quarter. Global Retirement Partners LLC now owns 212 shares of the construction company’s stock worth $28,000 after buying an additional 195 shares during the period. 96.18% of the stock is currently owned by institutional investors.

Boise Cascade Stock Performance

NYSE:BCC opened at $136.72 on Thursday. The firm’s 50-day moving average is $141.44 and its 200-day moving average is $131.01. The company has a market cap of $5.40 billion, a price-to-earnings ratio of 11.12 and a beta of 1.64. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.05 and a current ratio of 3.24. Boise Cascade has a 52-week low of $71.50 and a 52-week high of $154.67.

Boise Cascade (NYSE:BCC) last posted its quarterly earnings results on Monday, May 6th. The construction company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.30 by $0.31. Boise Cascade had a return on equity of 22.00% and a net margin of 7.08%. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the prior year, the firm posted $2.43 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities research analysts anticipate that Boise Cascade will post 10.84 earnings per share for the current year.

Boise Cascade Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 0.59%. Boise Cascade’s dividend payout ratio is currently 6.50%.

Analysts Set New Price Targets

BCC has been the topic of several recent analyst reports. Truist Financial lifted their target price on shares of Boise Cascade from $156.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. StockNews.com upgraded Boise Cascade from a “hold” rating to a “buy” rating in a research note on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $125.00.

Insider Buying and Selling at Boise Cascade

In other news, EVP Dean Michael Brown sold 11,117 shares of Boise Cascade stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $139.09, for a total transaction of $1,546,263.53. Following the sale, the executive vice president now directly owns 40,237 shares in the company, valued at approximately $5,596,564.33. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Dean Michael Brown sold 11,117 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $139.09, for a total transaction of $1,546,263.53. Following the completion of the transaction, the executive vice president now owns 40,237 shares in the company, valued at approximately $5,596,564.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jeffrey Robert Strom sold 2,500 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $135.00, for a total value of $337,500.00. Following the completion of the sale, the executive vice president now owns 43,353 shares in the company, valued at $5,852,655. The disclosure for this sale can be found here. Insiders have sold 15,469 shares of company stock valued at $2,133,784 in the last 90 days. 1.05% of the stock is currently owned by company insiders.

Boise Cascade Profile

Boise Cascade Company engages in manufacture of wood products and distribution of building materials in the United States and Canada. It operates through 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 shop lumber and appearance grade boards.