Jackson Creek Investment Advisors LLC Purchases New Stake in Boise Cascade (NYSE:BCC)

Jackson Creek Investment Advisors LLC purchased a new stake in shares of Boise Cascade (NYSE:BCC) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 9,277 shares of the construction company’s stock, valued at approximately $1,200,000.

Other institutional investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC grew its position in Boise Cascade by 1,147.1% during the fourth quarter. Global Retirement Partners LLC now owns 212 shares of the construction company’s stock valued at $28,000 after buying an additional 195 shares during the period. Hexagon Capital Partners LLC lifted its holdings in shares of Boise Cascade by 76.0% in the third quarter. Hexagon Capital Partners LLC now owns 433 shares of the construction company’s stock worth $45,000 after buying an additional 187 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Boise Cascade by 58.1% in the fourth quarter. Blue Trust Inc. now owns 544 shares of the construction company’s stock worth $70,000 after buying an additional 200 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Boise Cascade in the fourth quarter worth about $80,000. Finally, C M Bidwell & Associates Ltd. lifted its holdings in shares of Boise Cascade by 4,706.9% in the third quarter. C M Bidwell & Associates Ltd. now owns 1,394 shares of the construction company’s stock worth $144,000 after buying an additional 1,365 shares in the last quarter. Institutional investors own 96.18% of the company’s stock.

Boise Cascade Price Performance

NYSE BCC traded down $5.99 on Tuesday, reaching $132.27. 350,019 shares of the company’s stock traded hands, compared to its average volume of 296,317. Boise Cascade has a 12 month low of $66.82 and a 12 month high of $154.67. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.46 and a quick ratio of 2.26. The stock has a 50-day simple moving average of $139.85 and a 200 day simple moving average of $126.31. The stock has a market cap of $5.23 billion, a PE ratio of 11.41 and a beta of 1.60.

Boise Cascade (NYSE:BCC) last issued its earnings results on Wednesday, February 21st. The construction company reported $2.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($0.01). The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.64 billion. Boise Cascade had a return on equity of 21.94% and a net margin of 7.07%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.95 EPS. As a group, research analysts predict that Boise Cascade will post 11.44 earnings per share for the current year.

Boise Cascade Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend was Thursday, February 22nd. Boise Cascade’s dividend payout ratio is presently 6.60%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BCC shares. StockNews.com downgraded shares of Boise Cascade from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Truist Financial raised their target price on shares of Boise Cascade from $156.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. Finally, The Goldman Sachs Group raised their target price on shares of Boise Cascade from $114.00 to $129.00 and gave the company a “neutral” rating in a research note on Thursday, January 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $125.00.

Insider Transactions at Boise Cascade

In other Boise Cascade news, EVP Dean Michael Brown sold 11,117 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $139.09, for a total transaction of $1,546,263.53. Following the transaction, the executive vice president now owns 40,237 shares in the company, valued at approximately $5,596,564.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.05% of the stock is owned by insiders.

About Boise Cascade

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.