Boise Cascade (NYSE:BCC) Shares Acquired by Burney Co.

Burney Co. raised its stake in Boise Cascade (NYSE:BCC) by 14.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,488 shares of the construction company’s stock after acquiring an additional 927 shares during the period. Burney Co.’s holdings in Boise Cascade were worth $890,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Larson Financial Group LLC lifted its holdings in shares of Boise Cascade by 23.9% in the 3rd quarter. Larson Financial Group LLC now owns 378 shares of the construction company’s stock worth $53,000 after purchasing an additional 73 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Boise Cascade by 4.6% during the third quarter. Sequoia Financial Advisors LLC now owns 1,757 shares of the construction company’s stock valued at $248,000 after acquiring an additional 78 shares during the period. First Trust Direct Indexing L.P. boosted its holdings in shares of Boise Cascade by 7.3% during the third quarter. First Trust Direct Indexing L.P. now owns 1,893 shares of the construction company’s stock valued at $267,000 after acquiring an additional 128 shares during the period. Invst LLC grew its position in shares of Boise Cascade by 2.6% during the third quarter. Invst LLC now owns 5,060 shares of the construction company’s stock worth $713,000 after acquiring an additional 128 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in Boise Cascade by 1.9% in the 2nd quarter. Bank of Montreal Can now owns 7,456 shares of the construction company’s stock valued at $890,000 after purchasing an additional 137 shares during the last quarter. 96.18% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Boise Cascade Stock Performance

NYSE:BCC opened at $128.49 on Friday. Boise Cascade has a twelve month low of $113.38 and a twelve month high of $155.42. The company has a current ratio of 3.13, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average of $133.28 and a 200-day moving average of $132.96. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 12.57 and a beta of 1.58.

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

Boise Cascade Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.65%. The ex-dividend date was Monday, December 2nd. Boise Cascade’s dividend payout ratio is 8.22%.

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.