Boise Cascade, L.L.C. $BCC Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in shares of Boise Cascade, L.L.C. (NYSE:BCC) by 27.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,195 shares of the construction company’s stock after selling 29,652 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Boise Cascade were worth $5,993,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in BCC. WINTON GROUP Ltd acquired a new position in Boise Cascade in the fourth quarter worth $6,655,000. Pictet Asset Management Holding SA raised its holdings in shares of Boise Cascade by 22.2% during the second quarter. Pictet Asset Management Holding SA now owns 117,675 shares of the construction company’s stock worth $9,135,000 after purchasing an additional 21,362 shares during the period. Verition Fund Management LLC raised its holdings in shares of Boise Cascade by 10.4% during the fourth quarter. Verition Fund Management LLC now owns 458,192 shares of the construction company’s stock worth $33,723,000 after purchasing an additional 43,255 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Boise Cascade by 214,282.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 420,189 shares of the construction company’s stock worth $30,926,000 after buying an additional 419,993 shares during the last quarter. Finally, Concentric Capital Strategies LP lifted its position in shares of Boise Cascade by 202.0% in the 4th quarter. Concentric Capital Strategies LP now owns 425,179 shares of the construction company’s stock worth $31,293,000 after buying an additional 284,406 shares during the last quarter. Institutional investors and hedge funds own 96.18% of the company’s stock.

Boise Cascade Stock Down 3.0%

Boise Cascade stock opened at $76.82 on Wednesday. The company has a 50-day simple moving average of $78.94 and a 200-day simple moving average of $76.15. The firm has a market capitalization of $2.68 billion, a P/E ratio of 26.04, a P/E/G ratio of 1.07 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.31 and a current ratio of 2.71. Boise Cascade, L.L.C. has a one year low of $65.00 and a one year high of $91.97.

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

Boise Cascade Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Tuesday, September 1st will be paid a $0.23 dividend. The ex-dividend date is Tuesday, September 1st. This is an increase from Boise Cascade’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 1.2%. Boise Cascade’s dividend payout ratio (DPR) is 31.19%.

Insider Activity at Boise Cascade

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

Wall Street Analysts Forecast Growth

BCC has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price objective on shares of Boise Cascade from $81.00 to $91.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Weiss Ratings upgraded Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, August 17th. Wall Street Zen raised Boise Cascade from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. DA Davidson increased their price target on Boise Cascade from $92.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Bank of America raised their price target on Boise Cascade from $80.00 to $81.00 and gave the stock an “underperform” rating in a report on Tuesday, July 14th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.