Boise Cascade (NYSE:BCC) Shares Bought by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of Boise Cascade (NYSE:BCC) by 12.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,890 shares of the construction company’s stock after purchasing an additional 635 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Boise Cascade were worth $700,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its stake in shares of Boise Cascade by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 437,509 shares of the construction company’s stock worth $61,680,000 after purchasing an additional 9,128 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Boise Cascade by 1,597.4% in the third quarter. Bank of Montreal Can now owns 126,559 shares of the construction company’s stock worth $17,907,000 after acquiring an additional 119,103 shares in the last quarter. FMR LLC lifted its stake in shares of Boise Cascade by 158.9% in the third quarter. FMR LLC now owns 126,123 shares of the construction company’s stock worth $17,781,000 after acquiring an additional 77,401 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Boise Cascade by 5.0% in the fourth quarter. Nordea Investment Management AB now owns 120,816 shares of the construction company’s stock worth $14,454,000 after acquiring an additional 5,779 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its stake in shares of Boise Cascade by 1.1% in the third quarter. Wedge Capital Management L L P NC now owns 108,965 shares of the construction company’s stock worth $15,362,000 after acquiring an additional 1,155 shares in the last quarter. Institutional investors and hedge funds own 96.18% of the company’s stock.

Boise Cascade Stock Down 0.7 %

Shares of Boise Cascade stock opened at $127.25 on Wednesday. The company has a quick ratio of 1.90, a current ratio of 3.13 and a debt-to-equity ratio of 0.22. The firm has a market cap of $4.89 billion, a P/E ratio of 12.45 and a beta of 1.58. Boise Cascade has a fifty-two week low of $113.38 and a fifty-two week high of $155.42. The business has a 50-day moving average price of $131.19 and a 200 day moving average price of $133.74.

Boise Cascade (NYSE:BCC) last posted its earnings results on Monday, November 4th. The construction company reported $2.33 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.04). The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.72 billion. Boise Cascade had a net margin of 5.95% and a return on equity of 18.24%. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period last year, the company posted $3.58 earnings per share. On average, sell-side analysts forecast that Boise Cascade will post 9.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on BCC. BMO Capital Markets boosted their price target on Boise Cascade from $130.00 to $136.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Loop Capital began coverage on Boise Cascade in a research note on Friday, November 1st. They issued a “buy” rating and a $155.00 price target on the stock. StockNews.com cut Boise Cascade from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Truist Financial cut their price target on Boise Cascade from $161.00 to $157.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, The Goldman Sachs Group lowered their price objective on Boise Cascade from $145.00 to $126.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Boise Cascade presently has an average rating of “Hold” and an average target price of $139.60.

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.