Oliver Luxxe Assets LLC Trims Position in Boise Cascade (NYSE:BCC)

Oliver Luxxe Assets LLC lessened its holdings in shares of Boise Cascade (NYSE:BCC) by 1.2% during the first quarter, HoldingsChannel reports. The firm owned 29,375 shares of the construction company’s stock after selling 368 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Boise Cascade were worth $4,505,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. USA Financial Formulas lifted its stake in shares of Boise Cascade by 5,050.0% during the 4th quarter. USA Financial Formulas now owns 206 shares of the construction company’s stock worth $27,000 after purchasing an additional 202 shares during the period. Principal Securities Inc. purchased a new position in shares of Boise Cascade in the 4th quarter worth $27,000. Global Retirement Partners LLC raised its position in shares of Boise Cascade by 1,147.1% in the 4th quarter. Global Retirement Partners LLC now owns 212 shares of the construction company’s stock worth $28,000 after buying an additional 195 shares during the period. Scarborough Advisors LLC purchased a new position in shares of Boise Cascade in the 4th quarter worth $36,000. Finally, Blue Trust Inc. raised its position in shares of Boise Cascade by 58.1% in the 4th quarter. Blue Trust Inc. now owns 544 shares of the construction company’s stock worth $70,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 96.18% of the company’s stock.

Insider Activity

In related news, SVP Jill Twedt sold 1,852 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $135.00, for a total transaction of $250,020.00. Following the sale, the senior vice president now owns 37,437 shares of the company’s stock, valued at $5,053,995. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Jeffrey Robert Strom sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $135.00, for a total transaction of $337,500.00. Following the sale, the executive vice president now owns 43,353 shares of the company’s stock, valued at $5,852,655. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jill Twedt sold 1,852 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $135.00, for a total value of $250,020.00. Following the sale, the senior vice president now directly owns 37,437 shares in the company, valued at approximately $5,053,995. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,352 shares of company stock valued at $587,520. Insiders own 1.05% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. StockNews.com raised Boise Cascade from a “hold” rating to a “buy” rating in a research report on Tuesday, May 7th. Truist Financial raised their price objective on Boise Cascade from $156.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Boise Cascade currently has a consensus rating of “Hold” and a consensus price target of $131.75.

Boise Cascade Stock Down 2.0 %

NYSE:BCC traded down $2.35 during mid-day trading on Monday, reaching $116.87. The stock had a trading volume of 126,672 shares, compared to its average volume of 311,053. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.24 and a quick ratio of 2.05. The stock’s 50 day simple moving average is $132.32 and its two-hundred day simple moving average is $134.62. Boise Cascade has a 1-year low of $87.32 and a 1-year high of $154.67. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 9.69 and a beta of 1.50.

Boise Cascade (NYSE:BCC) last issued its earnings results on Monday, May 6th. The construction company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.31. Boise Cascade had a return on equity of 22.00% and a net margin of 7.08%. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the previous year, the firm posted $2.43 earnings per share. Boise Cascade’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities analysts anticipate that Boise Cascade will post 10.84 EPS for the current year.

Boise Cascade Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.68%. Boise Cascade’s dividend payout ratio (DPR) is presently 6.50%.

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.