Boise Cascade Co (NYSE:BCC) Position Boosted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its position in shares of Boise Cascade Co (NYSE:BCC) by 4.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,953,666 shares of the construction company’s stock after purchasing an additional 120,365 shares during the period. Dimensional Fund Advisors LP owned 7.66% of Boise Cascade worth $103,084,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Arizona State Retirement System raised its position in Boise Cascade by 0.5% in the second quarter. Arizona State Retirement System now owns 20,121 shares of the construction company’s stock worth $612,000 after acquiring an additional 100 shares during the period. Public Employees Retirement System of Ohio raised its position in Boise Cascade by 2.8% in the second quarter. Public Employees Retirement System of Ohio now owns 7,655 shares of the construction company’s stock worth $233,000 after acquiring an additional 212 shares during the period. Texas Permanent School Fund raised its position in Boise Cascade by 1.3% in the second quarter. Texas Permanent School Fund now owns 28,135 shares of the construction company’s stock worth $855,000 after acquiring an additional 368 shares during the period. Wedge Capital Management L L P NC raised its position in Boise Cascade by 4.6% in the second quarter. Wedge Capital Management L L P NC now owns 9,584 shares of the construction company’s stock worth $291,000 after acquiring an additional 420 shares during the period. Finally, Aperio Group LLC raised its position in Boise Cascade by 3.9% in the second quarter. Aperio Group LLC now owns 12,258 shares of the construction company’s stock worth $373,000 after acquiring an additional 464 shares during the period. 94.73% of the stock is currently owned by institutional investors.

Several analysts have commented on BCC shares. Sidoti started coverage on shares of Boise Cascade in a research report on Friday, September 15th. They issued a “buy” rating on the stock. Bank of America lowered shares of Boise Cascade from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $35.00 to $36.00 in a research report on Monday, October 2nd. DA Davidson lowered shares of 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. Vertical Research lowered shares of 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. Finally, Zacks Investment Research lowered shares of Boise Cascade from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $36.40.

Boise Cascade Co (NYSE:BCC) traded up $0.75 during midday trading on Thursday, hitting $41.90. 603,924 shares of the stock traded hands, compared to its average volume of 561,041. Boise Cascade Co has a one year low of $22.63 and a one year high of $42.25. The company has a current ratio of 2.27, a quick ratio of 1.19 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $1,610.00, a price-to-earnings ratio of 24.08, a P/E/G ratio of 1.10 and a beta of 2.09.

Boise Cascade (NYSE:BCC) last posted its quarterly earnings results on Tuesday, October 31st. The construction company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.17. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.15 billion. Boise Cascade had a net margin of 1.59% and a return on equity of 10.66%. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.26 earnings per share. equities research analysts expect that Boise Cascade Co will post 1.92 earnings per share for the current fiscal year.

The company also recently disclosed a Not Available dividend, which was paid on Friday, December 15th. Investors of record on Monday, November 27th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, November 24th. Boise Cascade’s dividend payout ratio is currently 4.02%.

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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.

Institutional Ownership by Quarter for Boise Cascade (NYSE:BCC)

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