Blue Trust Inc. Sells 904 Shares of Boise Cascade (NYSE:BCC)

Blue Trust Inc. lessened its holdings in Boise Cascade (NYSE:BCC) by 65.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 474 shares of the construction company’s stock after selling 904 shares during the period. Blue Trust Inc.’s holdings in Boise Cascade were worth $56,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp raised its stake in Boise Cascade by 27.8% during the 4th quarter. Van ECK Associates Corp now owns 31,203 shares of the construction company’s stock valued at $3,709,000 after purchasing an additional 6,788 shares during the period. Regents Gate Capital LLP purchased a new stake in Boise Cascade during the 4th quarter valued at approximately $1,185,000. Empowered Funds LLC raised its position in shares of Boise Cascade by 2.5% during the fourth quarter. Empowered Funds LLC now owns 21,176 shares of the construction company’s stock valued at $2,517,000 after buying an additional 513 shares during the last quarter. Vest Financial LLC lifted its holdings in shares of Boise Cascade by 89.6% in the fourth quarter. Vest Financial LLC now owns 19,853 shares of the construction company’s stock worth $2,360,000 after buying an additional 9,381 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in shares of Boise Cascade by 83.4% during the fourth quarter. Jennison Associates LLC now owns 11,219 shares of the construction company’s stock worth $1,333,000 after acquiring an additional 5,102 shares during the last quarter. Hedge funds and other institutional investors own 96.18% of the company’s stock.

Boise Cascade Trading Up 2.7 %

Shares of Boise Cascade stock opened at $106.52 on Wednesday. The firm has a 50-day simple moving average of $121.97 and a two-hundred day simple moving average of $132.03. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.92 and a current ratio of 3.34. Boise Cascade has a fifty-two week low of $102.27 and a fifty-two week high of $155.42. The company has a market cap of $4.04 billion, a P/E ratio of 11.14 and a beta of 1.57.

Boise Cascade (NYSE:BCC) last announced its earnings results on Thursday, February 20th. The construction company reported $1.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.01). Boise Cascade had a net margin of 5.60% and a return on equity of 17.04%. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.57 billion. As a group, equities analysts predict that Boise Cascade will post 10.15 earnings per share for the current fiscal year.

Boise Cascade Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Monday, February 24th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.84 annualized dividend and a dividend yield of 0.79%. Boise Cascade’s dividend payout ratio is presently 8.79%.

Analysts Set New Price Targets

BCC has been the topic of a number of research analyst reports. BMO Capital Markets decreased their target price on Boise Cascade from $136.00 to $122.00 and set a “market perform” rating on the stock in a research report on Tuesday. Benchmark reaffirmed a “hold” rating on shares of Boise Cascade in a report on Tuesday. The Goldman Sachs Group cut their target price on shares of Boise Cascade from $145.00 to $126.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Loop Capital decreased their price target on shares of Boise Cascade from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Monday. Finally, StockNews.com cut shares of Boise Cascade from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $128.50.

Boise Cascade Company 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.