Rathbones Group PLC Has $805,000 Stock Holdings in Boise Cascade, L.L.C. $BCC

Rathbones Group PLC reduced its stake in Boise Cascade, L.L.C. (NYSE:BCC) by 69.8% during the fourth quarter, HoldingsChannel reports. The firm owned 10,941 shares of the construction company’s stock after selling 25,338 shares during the quarter. Rathbones Group PLC’s holdings in Boise Cascade were worth $805,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Wellington Management Group LLP boosted its stake in shares of Boise Cascade by 19.8% in the 3rd quarter. Wellington Management Group LLP now owns 3,268,407 shares of the construction company’s stock valued at $252,713,000 after purchasing an additional 539,962 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Boise Cascade by 2.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,280,347 shares of the construction company’s stock valued at $176,313,000 after purchasing an additional 58,131 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in shares of Boise Cascade by 9.7% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,645,026 shares of the construction company’s stock valued at $142,821,000 after purchasing an additional 145,721 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Boise Cascade by 76.5% in the 2nd quarter. Bank of America Corp DE now owns 417,642 shares of the construction company’s stock valued at $36,260,000 after purchasing an additional 181,025 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Boise Cascade by 7.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 347,301 shares of the construction company’s stock valued at $26,853,000 after purchasing an additional 25,452 shares in the last quarter. 96.18% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on BCC. The Goldman Sachs Group raised their price objective on Boise Cascade from $85.00 to $94.00 and gave the company a “neutral” rating in a report on Wednesday, February 25th. Weiss Ratings raised Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 30th. Wall Street Zen raised Boise Cascade from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. DA Davidson reissued a “buy” rating and set a $95.00 price objective on shares of Boise Cascade in a report on Tuesday, February 24th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Boise Cascade in a report on Thursday, January 8th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $105.67.

Boise Cascade Stock Up 5.9%

NYSE:BCC opened at $79.10 on Thursday. The firm’s 50 day simple moving average is $79.11 and its 200 day simple moving average is $76.53. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.36 and a quick ratio of 1.74. Boise Cascade, L.L.C. has a one year low of $65.14 and a one year high of $100.21. The company has a market cap of $2.84 billion, a PE ratio of 22.47, a P/E/G ratio of 1.05 and a beta of 1.23.

Boise Cascade Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Monday, February 23rd were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $0.88 annualized dividend and a yield of 1.1%. Boise Cascade’s payout ratio is presently 25.00%.

About Boise Cascade

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.