Monument Capital Management Purchases New Shares in Boise Cascade (NYSE:BCC)

Monument Capital Management purchased a new position in shares of Boise Cascade (NYSE:BCC) during the first quarter, HoldingsChannel reports. The fund purchased 1,524 shares of the construction company’s stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Leuthold Group LLC increased its holdings in shares of Boise Cascade by 10.0% during the fourth quarter. Leuthold Group LLC now owns 25,252 shares of the construction company’s stock worth $3,267,000 after purchasing an additional 2,299 shares during the period. Tower Research Capital LLC TRC increased its stake in Boise Cascade by 1,809.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 12,659 shares of the construction company’s stock worth $1,638,000 after acquiring an additional 11,996 shares during the period. Jackson Creek Investment Advisors LLC acquired a new position in Boise Cascade in the 4th quarter valued at $1,200,000. Vanguard Group Inc. lifted its position 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 valued at $609,192,000 after acquiring an additional 35,963 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Boise Cascade by 54.2% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 58,919 shares of the construction company’s stock valued at $7,596,000 after acquiring an additional 20,712 shares during the period. Institutional investors and hedge funds own 96.18% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Boise Cascade

In other news, SVP Jill Twedt sold 1,852 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $135.00, for a total value of $250,020.00. Following the completion of the transaction, the senior vice president now directly owns 37,437 shares in the company, valued at approximately $5,053,995. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Jill Twedt sold 1,852 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was 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 directly owns 37,437 shares of the company’s stock, valued at approximately $5,053,995. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jeffrey Robert Strom sold 2,500 shares of the company’s stock in a transaction dated 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 approximately $5,852,655. The disclosure for this sale can be found here. Insiders have sold 4,352 shares of company stock worth $587,520 over the last quarter. Corporate insiders own 1.05% of the company’s stock.

Boise Cascade Trading Up 1.4 %

Shares of BCC opened at $117.47 on Thursday. 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 $87.32 and a 52-week high of $154.67. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of 9.55 and a beta of 1.50. The business’s fifty day moving average is $131.16 and its 200-day moving average is $134.48.

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

Boise Cascade Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a dividend of $0.20 per share. 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 dividend payout ratio is 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.