Thrivent Financial For Lutherans lowered its stake in shares of Boise Cascade Co (NYSE:BCC) by 36.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 226,185 shares of the construction company’s stock after selling 131,878 shares during the period. Thrivent Financial For Lutherans’ holdings in Boise Cascade were worth $9,024,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of BCC. Public Employees Retirement System of Ohio boosted its position in shares of Boise Cascade by 2.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,655 shares of the construction company’s stock worth $233,000 after purchasing an additional 212 shares during the period. Crossmark Global Holdings Inc. purchased a new position in shares of Boise Cascade during the 3rd quarter worth approximately $598,000. State Board of Administration of Florida Retirement System boosted its position in shares of Boise Cascade by 45.6% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 56,074 shares of the construction company’s stock worth $1,957,000 after purchasing an additional 17,568 shares during the period. Chicago Equity Partners LLC boosted its position in shares of Boise Cascade by 8.1% during the 3rd quarter. Chicago Equity Partners LLC now owns 20,580 shares of the construction company’s stock worth $718,000 after purchasing an additional 1,540 shares during the period. Finally, Stevens Capital Management LP purchased a new position in shares of Boise Cascade during the 3rd quarter worth approximately $498,000. 94.78% of the stock is owned by hedge funds and other institutional investors.
Boise Cascade Co (NYSE:BCC) opened at $40.80 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.44 and a quick ratio of 1.19. Boise Cascade Co has a 1 year low of $25.90 and a 1 year high of $45.95. The company has a market cap of $1,553.10, a P/E ratio of 20.96, a price-to-earnings-growth ratio of 2.20 and a beta of 2.10.
The firm also recently declared a Not Available dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a $0.07 dividend. The ex-dividend date is Wednesday, February 28th. This represents a yield of 0.00170109356014581%. Boise Cascade’s dividend payout ratio is presently 13.15%.
In other Boise Cascade news, SVP John T. Sahlberg sold 6,582 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $39.11, for a total value of $257,422.02. Following the completion of the transaction, the senior vice president now owns 73,385 shares of the company’s stock, valued at approximately $2,870,087.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.00% of the company’s stock.
A number of equities analysts recently weighed in on BCC shares. Zacks Investment Research cut shares of Boise Cascade from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. DA Davidson increased their price objective on shares of Boise Cascade to $43.00 and gave the stock a “hold” rating in a research report on Tuesday, February 27th. Bank of America increased their price objective on shares of Boise Cascade from $44.00 to $46.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. ValuEngine raised shares of Boise Cascade from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $36.00 price objective on shares of Boise Cascade in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $42.60.
About Boise Cascade
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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