Oliver Luxxe Assets LLC Has $4.88 Million Stock Holdings in Boise Cascade (NYSE:BCC)

Oliver Luxxe Assets LLC increased its stake in shares of Boise Cascade (NYSE:BCC) by 5.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 41,071 shares of the construction company’s stock after buying an additional 2,097 shares during the period. Oliver Luxxe Assets LLC owned 0.11% of Boise Cascade worth $4,882,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on BCC. Loop Capital started coverage on Boise Cascade in a research report on Friday, November 1st. They set a “buy” rating and a $155.00 price target on the stock. Bank of America boosted their price target on Boise Cascade from $120.00 to $124.00 and gave the company an “underperform” rating in a research note on Thursday, September 12th. StockNews.com downgraded shares of Boise Cascade from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Truist Financial dropped their target price on shares of Boise Cascade from $161.00 to $157.00 and set a “buy” rating for the company in a research report on Monday. Finally, BMO Capital Markets upped their price target on shares of Boise Cascade from $130.00 to $136.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $138.80.

Boise Cascade Price Performance

BCC traded up $1.61 on Monday, reaching $120.35. The stock had a trading volume of 106,375 shares, compared to its average volume of 222,657. The firm has a 50-day moving average of $136.06 and a 200-day moving average of $133.09. Boise Cascade has a fifty-two week low of $113.89 and a fifty-two week high of $155.42. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of 11.78 and a beta of 1.58. The company has a current ratio of 3.13, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22.

Boise Cascade (NYSE:BCC) last issued its quarterly earnings data on Monday, November 4th. The construction company reported $2.33 earnings per share (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 business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the business earned $3.58 EPS. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Boise Cascade will post 9.57 EPS for the current year.

Boise Cascade Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, December 2nd were paid a $0.21 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.84 annualized dividend and a dividend yield of 0.70%. Boise Cascade’s dividend payout ratio is 8.22%.

Boise Cascade 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.