19,210 Shares in Boise Cascade, L.L.C. $BCC Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new position in shares of Boise Cascade, L.L.C. (NYSE:BCC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,210 shares of the construction company’s stock, valued at approximately $1,491,000.

Several other large investors have also recently made changes to their positions in the business. Cerity Partners LLC grew its stake in shares of Boise Cascade by 3.8% in the 2nd quarter. Cerity Partners LLC now owns 3,274 shares of the construction company’s stock worth $284,000 after buying an additional 121 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of Boise Cascade by 1.0% in the second quarter. Raymond James Financial Inc. now owns 13,219 shares of the construction company’s stock worth $1,148,000 after acquiring an additional 126 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Boise Cascade by 77.5% in the 4th quarter. Fifth Third Bancorp now owns 410 shares of the construction company’s stock worth $30,000 after purchasing an additional 179 shares during the last quarter. ProShare Advisors LLC boosted its stake in Boise Cascade by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 7,329 shares of the construction company’s stock worth $539,000 after purchasing an additional 226 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in Boise Cascade by 231.2% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 371 shares of the construction company’s stock valued at $29,000 after purchasing an additional 259 shares in the last quarter. 96.18% of the stock is currently owned by hedge funds and other institutional investors.

Boise Cascade Price Performance

Shares of NYSE:BCC opened at $78.52 on Friday. The company has a market capitalization of $2.74 billion, a P/E ratio of 26.62, a P/E/G ratio of 1.06 and a beta of 1.10. Boise Cascade, L.L.C. has a 1-year low of $65.00 and a 1-year high of $91.97. The firm’s 50 day simple moving average is $78.88 and its two-hundred day simple moving average is $76.73. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.71 and a quick ratio of 1.31.

Boise Cascade (NYSE:BCC) last announced its quarterly earnings data on Monday, August 3rd. The construction company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.23 by $0.40. Boise Cascade had a net margin of 1.64% and a return on equity of 5.41%. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the firm earned $1.64 EPS. The company’s revenue was up 5.2% on a year-over-year basis. Research analysts expect that Boise Cascade, L.L.C. will post 3.86 EPS for the current fiscal year.

Boise Cascade Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Tuesday, September 1st will be issued a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.92 dividend on an annualized basis and a yield of 1.2%. This is a boost from Boise Cascade’s previous quarterly dividend of $0.22. Boise Cascade’s payout ratio is presently 29.83%.

Insider Activity at Boise Cascade

In related news, Director Kristopher J. Matula sold 1,930 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total transaction of $163,239.40. Following the completion of the transaction, the director directly owned 13,982 shares of the company’s stock, valued at approximately $1,182,597.56. This trade represents a 12.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jill Twedt sold 1,250 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $79.40, for a total transaction of $99,250.00. Following the transaction, the senior vice president directly owned 25,295 shares of the company’s stock, valued at $2,008,423. This trade represents a 4.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.42% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, August 17th. DA Davidson lifted their target price on Boise Cascade from $92.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Wall Street Zen raised shares of Boise Cascade from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Truist Financial set a $97.00 price objective on Boise Cascade in a report on Wednesday, May 6th. Finally, Zacks Research lowered shares of Boise Cascade from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $93.60.

Boise Cascade Profile

Boise Cascade Company operates as a leading manufacturer and distributor of wood products and building materials in North America. The company’s operations are organized into two primary segments: wood products manufacturing and building materials distribution. In its manufacturing segment, Boise Cascade produces a wide array of engineered wood products, including plywood, oriented strand board (OSB), lumber, particleboard and laminated veneer lumber (LVL), serving residential, commercial and industrial customers.

In its distribution segment, Boise Cascade sources and delivers building materials through an extensive network of distribution centers, servicing professional builders, remodelers, contractors and industrial customers.