Rathbones Group PLC Decreases Stock Holdings in Boise Cascade, L.L.C. $BCC

Rathbones Group PLC lowered its holdings in Boise Cascade, L.L.C. (NYSE:BCC) by 40.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,279 shares of the construction company’s stock after selling 24,364 shares during the period. Rathbones Group PLC owned approximately 0.10% of Boise Cascade worth $2,805,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Salomon & Ludwin LLC acquired a new stake in Boise Cascade in the 3rd quarter valued at $28,000. Huntington National Bank lifted its stake in shares of Boise Cascade by 630.0% during the second quarter. Huntington National Bank now owns 438 shares of the construction company’s stock worth $38,000 after purchasing an additional 378 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in shares of Boise Cascade by 1,071.4% during the third quarter. Hantz Financial Services Inc. now owns 492 shares of the construction company’s stock worth $38,000 after purchasing an additional 450 shares in the last quarter. CWM LLC boosted its position in shares of Boise Cascade by 30.6% in the third quarter. CWM LLC now owns 747 shares of the construction company’s stock worth $58,000 after buying an additional 175 shares during the period. Finally, Versant Capital Management Inc boosted its position in shares of Boise Cascade by 160.5% in the third quarter. Versant Capital Management Inc now owns 883 shares of the construction company’s stock worth $68,000 after buying an additional 544 shares during the period. Institutional investors and hedge funds own 96.18% of the company’s stock.

Boise Cascade Trading Down 1.0%

NYSE:BCC opened at $74.62 on Tuesday. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 21.20, a price-to-earnings-growth ratio of 1.03 and a beta of 1.26. Boise Cascade, L.L.C. has a one year low of $65.14 and a one year high of $103.44. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.74 and a current ratio of 3.36. The business’s 50-day simple moving average is $82.45 and its 200 day simple moving average is $78.50.

Boise Cascade Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Monday, February 23rd will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, February 23rd. Boise Cascade’s dividend payout ratio is presently 25.00%.

Analyst Ratings Changes

BCC has been the topic of several analyst reports. The Goldman Sachs Group raised their target price on Boise Cascade from $85.00 to $94.00 and gave the company a “neutral” rating in a report on Wednesday, February 25th. BMO Capital Markets restated an “outperform” rating on shares of Boise Cascade in a report on Thursday, January 8th. Truist Financial lifted their price objective on shares of Boise Cascade from $92.00 to $103.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Weiss Ratings raised shares of Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 28th. Finally, Wall Street Zen upgraded shares of Boise Cascade from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $105.67.

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.