Insider Selling: Boise Cascade (NYSE:BCC) SVP Sells 6,070 Shares of Stock

Boise Cascade, L.L.C. (NYSE:BCC) SVP Jill Twedt sold 6,070 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $66.45, for a total value of $403,351.50. Following the completion of the transaction, the senior vice president owned 26,545 shares of the company’s stock, valued at approximately $1,763,915.25. The trade was a 18.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Boise Cascade Stock Performance

Shares of NYSE:BCC traded up $2.43 during trading on Thursday, hitting $69.41. The stock had a trading volume of 939,067 shares, compared to its average volume of 432,981. Boise Cascade, L.L.C. has a 12-month low of $65.14 and a 12-month high of $95.00. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 23.45, a price-to-earnings-growth ratio of 1.01 and a beta of 1.15. The company has a quick ratio of 1.37, a current ratio of 2.77 and a debt-to-equity ratio of 0.24. The stock has a 50-day simple moving average of $75.83 and a two-hundred day simple moving average of $77.09.

Boise Cascade (NYSE:BCC) last announced its quarterly earnings data on Monday, May 4th. The construction company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.07. Boise Cascade had a return on equity of 5.55% and a net margin of 1.73%.The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the business posted $1.06 earnings per share. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, equities research analysts expect that Boise Cascade, L.L.C. will post 3.67 earnings per share for the current fiscal year.

Boise Cascade Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, June 1st. Boise Cascade’s dividend payout ratio (DPR) is presently 29.73%.

Institutional Trading of Boise Cascade

Institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd grew its holdings in Boise Cascade by 231.3% in the third 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 during the period. Fifth Third Bancorp grew its holdings in Boise Cascade by 77.5% in the fourth quarter. Fifth Third Bancorp now owns 410 shares of the construction company’s stock valued at $30,000 after purchasing an additional 179 shares during the period. Hantz Financial Services Inc. grew its holdings in Boise Cascade by 1,071.4% in the third quarter. Hantz Financial Services Inc. now owns 492 shares of the construction company’s stock valued at $38,000 after purchasing an additional 450 shares during the period. Advisory Services Network LLC acquired a new stake in Boise Cascade in the third quarter valued at approximately $38,000. Finally, UMB Bank n.a. grew its holdings in Boise Cascade by 98.5% in the fourth quarter. UMB Bank n.a. now owns 524 shares of the construction company’s stock valued at $39,000 after purchasing an additional 260 shares during the period. 96.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BCC shares. Truist Financial set a $97.00 price objective on Boise Cascade in a research note on Wednesday, May 6th. The Goldman Sachs Group lifted their price target on Boise Cascade from $85.00 to $94.00 and gave the company a “neutral” rating in a research report on Wednesday, February 25th. DA Davidson reduced their price target on Boise Cascade from $95.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Wall Street Zen upgraded Boise Cascade from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Weiss Ratings cut Boise Cascade from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $98.00.

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.