Waycross Investment Management Co Has $1.33 Million Holdings in Boise Cascade (NYSE:BCC)

Waycross Investment Management Co lessened its holdings in Boise Cascade (NYSE:BCC) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,147 shares of the construction company’s stock after selling 271 shares during the period. Boise Cascade accounts for about 1.4% of Waycross Investment Management Co’s investment portfolio, making the stock its 20th biggest holding. Waycross Investment Management Co’s holdings in Boise Cascade were worth $1,325,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Larson Financial Group LLC lifted its stake in shares of Boise Cascade by 23.9% in the third quarter. Larson Financial Group LLC now owns 378 shares of the construction company’s stock worth $53,000 after buying an additional 73 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in Boise Cascade by 4.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,757 shares of the construction company’s stock worth $248,000 after acquiring an additional 78 shares during the last quarter. First Trust Direct Indexing L.P. lifted its position in Boise Cascade by 7.3% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 1,893 shares of the construction company’s stock worth $267,000 after acquiring an additional 128 shares during the last quarter. Invst LLC boosted its holdings in Boise Cascade by 2.6% during the third quarter. Invst LLC now owns 5,060 shares of the construction company’s stock valued at $713,000 after acquiring an additional 128 shares during the period. Finally, Bank of Montreal Can grew its position in shares of Boise Cascade by 1.9% in the second 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 and hedge funds.

Boise Cascade Trading Up 3.9 %

Boise Cascade stock opened at $120.35 on Tuesday. The business has a 50 day moving average price of $134.40 and a two-hundred day moving average price of $132.99. The company has a quick ratio of 1.90, a current ratio of 3.13 and a debt-to-equity ratio of 0.22. Boise Cascade has a 12 month low of $113.38 and a 12 month high of $155.42. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 11.78 and a beta of 1.58.

Boise Cascade (NYSE:BCC) last issued its earnings results on Monday, November 4th. The construction company reported $2.33 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.04). Boise Cascade had a net margin of 5.95% and a return on equity of 18.24%. The firm had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the previous year, the company posted $3.58 earnings per share. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. As a group, equities analysts forecast that Boise Cascade will post 9.57 EPS for the current year.

Boise Cascade Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Monday, December 2nd. Boise Cascade’s payout ratio is 8.22%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. StockNews.com cut Boise Cascade from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Loop Capital initiated coverage on Boise Cascade in a report on Friday, November 1st. They set a “buy” rating and a $155.00 price target for the company. BMO Capital Markets increased their price objective on Boise Cascade from $130.00 to $136.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Finally, Truist Financial dropped their target price on shares of Boise Cascade from $161.00 to $157.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Boise Cascade presently has an average rating of “Hold” and an average target price of $138.80.

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.