Regents Gate Capital LLP acquired a new stake in shares of Boise Cascade (NYSE:BCC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 9,970 shares of the construction company's stock, valued at approximately $1,185,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Sanctuary Advisors LLC purchased a new position in shares of Boise Cascade during the 2nd quarter valued at $745,000. SG Americas Securities LLC grew its position in Boise Cascade by 162.9% during the third quarter. SG Americas Securities LLC now owns 2,219 shares of the construction company's stock worth $313,000 after buying an additional 1,375 shares in the last quarter. CWM LLC increased its stake in Boise Cascade by 26.5% in the 3rd quarter. CWM LLC now owns 673 shares of the construction company's stock worth $95,000 after acquiring an additional 141 shares during the last quarter. Ritholtz Wealth Management raised its holdings in shares of Boise Cascade by 13.3% in the 3rd quarter. Ritholtz Wealth Management now owns 2,688 shares of the construction company's stock valued at $379,000 after acquiring an additional 315 shares in the last quarter. Finally, Oliver Luxxe Assets LLC boosted its position in shares of Boise Cascade by 30.7% during the 3rd quarter. Oliver Luxxe Assets LLC now owns 38,974 shares of the construction company's stock valued at $5,495,000 after acquiring an additional 9,160 shares during the last quarter. Institutional investors own 96.18% of the company's stock.
Shares of NYSE BCC opened at $123.17 on Monday. The company has a 50 day simple moving average of $128.04 and a two-hundred day simple moving average of $133.37. Boise Cascade has a fifty-two week low of $113.38 and a fifty-two week high of $155.42. The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of 12.05 and a beta of 1.57. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 3.13.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Monday, February 24th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.68%. Boise Cascade's dividend payout ratio is currently 8.22%.
Several research firms have recently issued reports on BCC. Loop Capital began coverage on Boise Cascade in a research note on Friday, November 1st. They set a "buy" rating and a $155.00 target price on the stock. Truist Financial decreased their price objective on shares of Boise Cascade from $161.00 to $157.00 and set a "buy" rating for the company in a report on Monday, January 6th. BMO Capital Markets increased their price target on shares of Boise Cascade from $130.00 to $136.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group cut their price objective on Boise Cascade from $145.00 to $126.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. Finally, StockNews.com cut Boise Cascade from a "buy" rating to a "hold" rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Boise Cascade currently has an average rating of "Hold" and an average price target of $139.60.
Check Out Our Latest Report on BCC
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.
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