Pacer Advisors Inc. Has $147.73 Million Holdings in Boise Cascade (NYSE:BCC)

Pacer Advisors Inc. trimmed its position in shares of Boise Cascade (NYSE:BCC) by 4.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,239,115 shares of the construction company’s stock after selling 53,775 shares during the period. Pacer Advisors Inc. owned approximately 3.14% of Boise Cascade worth $147,727,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC increased its stake in Boise Cascade by 1.8% in the first quarter. Measured Wealth Private Client Group LLC now owns 5,273 shares of the construction company’s stock valued at $809,000 after acquiring an additional 95 shares during the last quarter. SummerHaven Investment Management LLC boosted its holdings in shares of Boise Cascade by 1.5% in the 2nd quarter. SummerHaven Investment Management LLC now owns 7,776 shares of the construction company’s stock valued at $927,000 after purchasing an additional 113 shares in the last quarter. Miller Howard Investments Inc. NY increased its stake in shares of Boise Cascade by 2.1% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 5,892 shares of the construction company’s stock valued at $702,000 after purchasing an additional 124 shares during the last quarter. MorganRosel Wealth Management LLC lifted its position in shares of Boise Cascade by 1.8% during the 2nd quarter. MorganRosel Wealth Management LLC now owns 7,756 shares of the construction company’s stock worth $925,000 after buying an additional 138 shares during the last quarter. Finally, Bridge City Capital LLC boosted its stake in Boise Cascade by 0.8% in the first quarter. Bridge City Capital LLC now owns 18,270 shares of the construction company’s stock valued at $2,802,000 after buying an additional 143 shares in the last quarter. 96.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BCC has been the subject of a number of research reports. Truist Financial reiterated a “buy” rating and issued a $154.00 price target (down from $159.00) on shares of Boise Cascade in a research note on Wednesday, August 7th. Bank of America lifted their price target on Boise Cascade from $120.00 to $124.00 and gave the company an “underperform” rating in a research note on Thursday, September 12th. The Goldman Sachs Group lowered their price objective on Boise Cascade from $140.00 to $122.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Finally, StockNews.com downgraded Boise Cascade from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Boise Cascade presently has a consensus rating of “Hold” and a consensus price target of $128.00.

Boise Cascade Stock Down 5.0 %

Boise Cascade stock opened at $137.44 on Friday. The firm’s fifty day moving average is $131.44 and its 200 day moving average is $133.41. Boise Cascade has a 12-month low of $87.32 and a 12-month high of $154.67. The company has a market capitalization of $5.43 billion, a PE ratio of 11.17 and a beta of 1.52. The company has a quick ratio of 2.08, a current ratio of 3.28 and a debt-to-equity ratio of 0.21.

Boise Cascade (NYSE:BCC) last released its quarterly earnings data on Monday, August 5th. The construction company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.16. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.77 billion. Boise Cascade had a net margin of 6.60% and a return on equity of 20.17%. The business’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.67 earnings per share. As a group, sell-side analysts predict that Boise Cascade will post 9.76 EPS for the current fiscal year.

Boise Cascade Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were given a $0.21 dividend. This is a boost from Boise Cascade’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.84 annualized dividend and a yield of 0.61%. Boise Cascade’s dividend payout ratio (DPR) is presently 6.83%.

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.