Aristides Capital LLC Increases Position in Boise Cascade (NYSE:BCC)

Aristides Capital LLC lifted its holdings in shares of Boise Cascade (NYSE:BCC) by 39.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,332 shares of the construction company’s stock after acquiring an additional 665 shares during the quarter. Aristides Capital LLC’s holdings in Boise Cascade were worth $277,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Cerity Partners LLC increased its position in shares of Boise Cascade by 34.5% during the 3rd quarter. Cerity Partners LLC now owns 3,897 shares of the construction company’s stock valued at $549,000 after purchasing an additional 999 shares during the last quarter. FMR LLC increased its holdings in Boise Cascade by 158.9% during the third quarter. FMR LLC now owns 126,123 shares of the construction company’s stock worth $17,781,000 after buying an additional 77,401 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Boise Cascade in the third quarter worth about $7,653,000. XTX Topco Ltd raised its position in Boise Cascade by 441.5% in the third quarter. XTX Topco Ltd now owns 10,077 shares of the construction company’s stock worth $1,421,000 after acquiring an additional 8,216 shares during the period. Finally, Orion Portfolio Solutions LLC boosted its stake in Boise Cascade by 8.9% in the third quarter. Orion Portfolio Solutions LLC now owns 2,023 shares of the construction company’s stock valued at $285,000 after acquiring an additional 165 shares during the last quarter. 96.18% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BCC. Benchmark reaffirmed a “hold” rating on shares of Boise Cascade in a report on Tuesday, February 25th. BMO Capital Markets dropped their price target on Boise Cascade from $136.00 to $122.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 25th. Loop Capital lowered their price objective on Boise Cascade from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Truist Financial cut their target price on shares of Boise Cascade from $157.00 to $134.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Finally, The Goldman Sachs Group cut their price objective 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $128.50.

Insider Buying and Selling at Boise Cascade

In other news, Director Kristopher J. Matula sold 553 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $103.16, for a total value of $57,047.48. Following the transaction, the director now owns 13,099 shares of the company’s stock, valued at $1,351,292.84. This represents a 4.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Jeffrey Robert Strom sold 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $100.21, for a total value of $450,945.00. Following the completion of the sale, the chief operating officer now directly owns 38,026 shares of the company’s stock, valued at approximately $3,810,585.46. This represents a 10.58 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.98% of the company’s stock.

Boise Cascade Trading Up 0.8 %

Shares of Boise Cascade stock opened at $95.38 on Monday. The company’s 50-day moving average price is $109.24 and its 200-day moving average price is $126.11. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 9.98 and a beta of 1.52. Boise Cascade has a 12-month low of $89.59 and a 12-month high of $155.42. The company has a current ratio of 3.34, a quick ratio of 1.92 and a debt-to-equity ratio of 0.22.

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

Boise Cascade Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, February 24th were paid a $0.21 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.84 dividend on an annualized basis and a yield of 0.88%. Boise Cascade’s dividend payout ratio is currently 8.79%.

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.