Regents Gate Capital LLP Makes New Investment in Boise Cascade (NYSE:BCC)

Regents Gate Capital LLP purchased a new stake in shares of Boise Cascade (NYSE:BCC) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 9,970 shares of the construction company’s stock, valued at approximately $1,185,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Harbor Capital Advisors Inc. bought a new position in Boise Cascade during the third quarter valued at approximately $28,000. R Squared Ltd bought a new position in shares of Boise Cascade during the 4th quarter valued at $29,000. Larson Financial Group LLC lifted its holdings in shares of Boise Cascade by 23.9% during the 3rd quarter. Larson Financial Group LLC now owns 378 shares of the construction company’s stock valued at $53,000 after buying an additional 73 shares during the period. CWM LLC boosted its stake in shares of Boise Cascade by 26.5% in the 3rd quarter. CWM LLC now owns 673 shares of the construction company’s stock worth $95,000 after buying an additional 141 shares during the last quarter. Finally, Covestor Ltd grew its holdings in shares of Boise Cascade by 50.1% in the third quarter. Covestor Ltd now owns 689 shares of the construction company’s stock worth $97,000 after acquiring an additional 230 shares during the period. Hedge funds and other institutional investors own 96.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BCC shares. Loop Capital initiated coverage on Boise Cascade in a report on Friday, November 1st. They issued a “buy” rating and a $155.00 target price on the stock. BMO Capital Markets raised their price objective on shares of Boise Cascade from $130.00 to $136.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. StockNews.com lowered shares of Boise Cascade from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group decreased their price target on shares of Boise Cascade from $145.00 to $126.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Finally, Truist Financial cut their price objective on shares of Boise Cascade from $161.00 to $157.00 and set a “buy” rating for the company in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $139.60.

Boise Cascade Price Performance

NYSE BCC opened at $123.17 on Monday. The company has a current ratio of 3.13, a quick ratio of 1.90 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 $4.73 billion, a price-to-earnings ratio of 12.05 and a beta of 1.57. The company’s 50 day moving average is $128.04 and its two-hundred day moving average is $133.37.

Boise Cascade Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Monday, February 24th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.68%. Boise Cascade’s payout ratio is 8.22%.

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.