Macquarie Group Ltd. boosted its holdings in Boise Cascade, L.L.C. (NYSE:BCC) by 15.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,099,454 shares of the construction company’s stock after purchasing an additional 146,442 shares during the period. Macquarie Group Ltd. owned about 2.85% of Boise Cascade worth $38,371,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of BCC. BlackRock Inc. boosted its position in Boise Cascade by 38,826.0% in the first quarter. BlackRock Inc. now owns 4,889,878 shares of the construction company’s stock worth $130,560,000 after purchasing an additional 4,877,316 shares during the last quarter. Janus Henderson Group PLC purchased a new position in shares of Boise Cascade during the 2nd quarter valued at $19,863,000. Public Employees Retirement Association of Colorado purchased a new position in shares of Boise Cascade during the 2nd quarter valued at $15,200,000. Dimensional Fund Advisors LP lifted its position in shares of Boise Cascade by 16.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,833,301 shares of the construction company’s stock valued at $86,132,000 after buying an additional 405,572 shares during the last quarter. Finally, AJO LP purchased a new position in shares of Boise Cascade during the 2nd quarter valued at $8,580,000. 94.77% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently commented on the company. Zacks Investment Research raised Boise Cascade from a “sell” rating to a “hold” rating and set a $41.00 price target on the stock in a research report on Thursday, November 2nd. Vertical Research cut Boise Cascade from a “buy” rating to a “hold” rating and set a $36.00 price target on the stock. in a research report on Wednesday, October 4th. DA Davidson cut Boise Cascade from a “buy” rating to a “neutral” rating and set a $36.00 price target on the stock. in a research report on Tuesday, October 3rd. Bank of America cut Boise Cascade from a “buy” rating to a “neutral” rating and upped their price target for the company from $35.00 to $36.00 in a research report on Monday, October 2nd. Finally, Sidoti assumed coverage on Boise Cascade in a research report on Friday, September 15th. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $36.40.
Shares of Boise Cascade, L.L.C. (NYSE BCC) traded up $0.95 on Thursday, reaching $40.00. The company had a trading volume of 696,697 shares, compared to its average volume of 384,434. The stock has a market cap of $1,530.00, a PE ratio of 23.65, a price-to-earnings-growth ratio of 1.10 and a beta of 2.09. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.27 and a quick ratio of 1.19. Boise Cascade, L.L.C. has a twelve month low of $22.25 and a twelve month high of $40.00.
Boise Cascade (NYSE:BCC) last issued its quarterly earnings data on Tuesday, October 31st. The construction company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.17. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Boise Cascade had a return on equity of 10.66% and a net margin of 1.59%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 EPS. research analysts predict that Boise Cascade, L.L.C. will post 1.95 earnings per share for the current year.
The firm also recently announced a Not Available dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, November 27th will be paid a $0.07 dividend. The ex-dividend date is Friday, November 24th. Boise Cascade’s dividend payout ratio is currently 4.02%.
In other Boise Cascade news, Director Thomas E. Carlile sold 17,552 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $31.75, for a total value of $557,276.00. Following the transaction, the director now directly owns 63,496 shares in the company, valued at approximately $2,015,998. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.
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Boise Cascade Profile
Boise Cascade Company is an integrated wood products manufacturer and building materials distributor with operations throughout the United States and one manufacturing facility in Canada. The Company is also a producer of engineered wood products (EWP) and plywood in North America. The Company operates through three segments: Wood Products, Building Materials Distribution, and Corporate and Other.
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