Oliver Luxxe Assets LLC Sells 368 Shares of Boise Cascade (NYSE:BCC)

Oliver Luxxe Assets LLC trimmed its holdings in shares of Boise Cascade (NYSE:BCC) by 1.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 29,375 shares of the construction company’s stock after selling 368 shares during the period. Oliver Luxxe Assets LLC owned approximately 0.07% of Boise Cascade worth $4,505,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Boise Cascade by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 4,709,276 shares of the construction company’s stock worth $609,192,000 after acquiring an additional 35,963 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Boise Cascade by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,801,903 shares of the construction company’s stock worth $362,456,000 after purchasing an additional 28,952 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Boise Cascade by 45.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,349,170 shares of the construction company’s stock worth $139,018,000 after purchasing an additional 418,891 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Boise Cascade by 59.7% during the 4th quarter. Pacer Advisors Inc. now owns 1,096,986 shares of the construction company’s stock worth $141,906,000 after purchasing an additional 409,906 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Boise Cascade by 14.2% during the 3rd quarter. American Century Companies Inc. now owns 701,301 shares of the construction company’s stock worth $72,262,000 after purchasing an additional 87,411 shares in the last quarter. 96.18% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on BCC shares. Truist Financial raised their price objective on shares of Boise Cascade from $156.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. StockNews.com upgraded shares of Boise Cascade from a “hold” rating to a “buy” rating in a research report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Boise Cascade presently has a consensus rating of “Hold” and a consensus target price of $131.75.

Insider Buying and Selling at Boise Cascade

In other news, EVP Jeffrey Robert Strom sold 2,500 shares of Boise Cascade stock in a transaction that occurred 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 sale, the executive vice president now directly owns 43,353 shares in the company, valued at $5,852,655. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Jeffrey Robert Strom sold 2,500 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $135.00, for a total transaction of $337,500.00. Following the transaction, the executive vice president now directly owns 43,353 shares in the company, valued at $5,852,655. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Jill Twedt sold 1,852 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $135.00, for a total transaction of $250,020.00. Following the completion of the transaction, the senior vice president now owns 37,437 shares in the company, valued at $5,053,995. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,352 shares of company stock valued at $587,520. 1.05% of the stock is currently owned by corporate insiders.

Boise Cascade Trading Down 2.0 %

Boise Cascade stock traded down $2.35 during midday trading on Monday, hitting $116.87. 126,672 shares of the stock were exchanged, compared to its average volume of 311,053. The company has a fifty day simple moving average of $132.32 and a two-hundred day simple moving average of $134.62. Boise Cascade has a 52 week low of $87.32 and a 52 week high of $154.67. The stock has a market capitalization of $4.61 billion, a PE ratio of 9.69 and a beta of 1.50. The company has a quick ratio of 2.05, a current ratio of 3.24 and a debt-to-equity ratio of 0.21.

Boise Cascade (NYSE:BCC) last released its quarterly earnings data on Monday, May 6th. The construction company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.31. Boise Cascade had a net margin of 7.08% and a return on equity of 22.00%. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the firm earned $2.43 EPS. Boise Cascade’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts anticipate that Boise Cascade will post 10.84 EPS for the current fiscal year.

Boise Cascade Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Monday, June 3rd. Boise Cascade’s payout ratio is currently 6.50%.

About Boise Cascade

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.