Kristopher J. Matula Sells 553 Shares of Boise Cascade (NYSE:BCC) Stock

Boise Cascade (NYSE:BCC) Director Kristopher J. Matula sold 553 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $103.16, for a total transaction of $57,047.48. Following the completion of the transaction, the director now owns 13,099 shares of the company’s stock, valued at $1,351,292.84. This trade represents a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Boise Cascade Trading Up 1.1 %

NYSE BCC opened at $103.72 on Friday. Boise Cascade has a one year low of $102.17 and a one year high of $155.42. The company has a 50-day simple moving average of $121.11 and a 200-day simple moving average of $131.63. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.92 and a current ratio of 3.34. The firm has a market capitalization of $3.93 billion, a PE ratio of 10.85 and a beta of 1.57.

Boise Cascade (NYSE:BCC) last posted its quarterly earnings results on Thursday, February 20th. The construction company reported $1.78 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.01). Boise Cascade had a net margin of 5.60% and a return on equity of 17.04%. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.57 billion. On average, equities analysts forecast that Boise Cascade will post 10.15 earnings per share for the current year.

Boise Cascade Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Monday, February 24th will be given a $0.21 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.84 annualized dividend and a yield of 0.81%. Boise Cascade’s dividend payout ratio is presently 8.79%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. BMO Capital Markets reduced their price objective on shares of Boise Cascade from $136.00 to $122.00 and set a “market perform” rating on the stock in a research note on Tuesday. DA Davidson reduced their price objective on shares of Boise Cascade from $155.00 to $125.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Truist Financial reduced their price objective on shares of Boise Cascade from $157.00 to $134.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Benchmark reiterated a “hold” rating on shares of Boise Cascade in a research note on Tuesday. Finally, Loop Capital reduced their price objective on shares of Boise Cascade from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $128.50.

Institutional Trading of Boise Cascade

Hedge funds have recently bought and sold shares of the company. Harbor Capital Advisors Inc. bought a new stake in Boise Cascade in the 3rd quarter valued at about $28,000. R Squared Ltd bought a new stake in Boise Cascade in the 4th quarter valued at about $29,000. Quarry LP lifted its position in Boise Cascade by 502.4% in the 4th quarter. Quarry LP now owns 253 shares of the construction company’s stock valued at $30,000 after purchasing an additional 211 shares during the last quarter. Larson Financial Group LLC lifted its position in Boise Cascade by 23.9% in the 3rd quarter. Larson Financial Group LLC now owns 378 shares of the construction company’s stock valued at $53,000 after purchasing an additional 73 shares during the last quarter. Finally, Principal Securities Inc. lifted its position in Boise Cascade by 44.2% in the 4th quarter. Principal Securities Inc. now owns 473 shares of the construction company’s stock valued at $56,000 after purchasing an additional 145 shares during the last quarter. 96.18% of the stock is currently owned by institutional investors.

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.