Boise Cascade (NYSE:BCC) Stock Holdings Cut by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lessened its position in Boise Cascade (NYSE:BCC) by 1.7% during the third quarter, Holdings Channel reports. The institutional investor owned 49,362 shares of the construction company’s stock after selling 844 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Boise Cascade were worth $6,959,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of Boise Cascade by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,813,447 shares of the construction company’s stock worth $335,419,000 after purchasing an additional 22,053 shares in the last quarter. Westwood Holdings Group Inc. grew its position in Boise Cascade by 107.7% in the second quarter. Westwood Holdings Group Inc. now owns 1,117,914 shares of the construction company’s stock worth $133,278,000 after buying an additional 579,759 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Boise Cascade by 2.4% in the second quarter. American Century Companies Inc. now owns 897,137 shares of the construction company’s stock valued at $106,957,000 after buying an additional 21,030 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Boise Cascade by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 437,509 shares of the construction company’s stock valued at $61,680,000 after acquiring an additional 9,128 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Boise Cascade by 46.0% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 383,000 shares of the construction company’s stock worth $45,661,000 after acquiring an additional 120,600 shares in the last quarter. Institutional investors own 96.18% of the company’s stock.

Boise Cascade Trading Down 2.6 %

NYSE:BCC opened at $136.26 on Friday. The stock has a market cap of $5.23 billion, a PE ratio of 13.33 and a beta of 1.53. Boise Cascade has a fifty-two week low of $113.89 and a fifty-two week high of $155.42. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.13 and a quick ratio of 1.90. The stock’s 50-day moving average is $141.14 and its two-hundred day moving average is $133.87.

Boise Cascade (NYSE:BCC) last announced its quarterly earnings data on Monday, November 4th. The construction company reported $2.33 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.04). Boise Cascade had a net margin of 5.95% and a return on equity of 18.24%. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the previous year, the firm posted $3.58 earnings per share. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. As a group, equities research analysts forecast that Boise Cascade will post 9.57 earnings per share for the current fiscal year.

Boise Cascade Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, December 2nd will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.84 annualized dividend and a dividend yield of 0.62%. Boise Cascade’s dividend payout ratio is 8.22%.

Wall Street Analyst Weigh In

BCC has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their target price on Boise Cascade from $130.00 to $136.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Bank of America boosted their price objective on Boise Cascade from $120.00 to $124.00 and gave the stock an “underperform” rating in a report on Thursday, September 12th. Truist Financial raised their target price on shares of Boise Cascade from $154.00 to $161.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Loop Capital started coverage on shares of Boise Cascade in a report on Friday, November 1st. They set a “buy” rating and a $155.00 price target on the stock. Finally, StockNews.com downgraded shares of Boise Cascade from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $139.60.

Boise Cascade Company Profile

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.