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Scarborough Advisors LLC Takes a $36,000 Position in Boise Cascade (NYSE:BCC)


Scarborough Advisors LLC bought a new position in Boise Cascade (NYSE:BCC – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 278 shares of the construction company, worth about $36,000.

Other major investors have also increased or decreased their stakes in the company. USA Financial Formulas grew its stake in Boise Cascade by 5,050.0% in the fourth 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. bought a new stake in Boise Cascade stock worth about $27,000 in the fourth quarter. Global Retirement Partners LLC increased 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 purchasing an additional 195 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Boise Cascade by 58.1% in the fourth quarter. Blue Trust Inc. now owns 544 shares of the construction company worth $70,000, after purchasing an additional 200 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new stake in shares of Boise Cascade worth $80,000 in the 4th quarter. Institutional investors own 96.18% of the company’s shares.

Boise Cascade Stock Performance

Shares of NYSE BCC opened at $126.60 on Friday. The company has a current ratio of 3.24, a quick ratio of 2.05 and a debt-to-equity ratio of 0.21. Boise Cascade has a 12-month low of $77.37 and a 12-month high of $154.67. The company has a market cap of $5.00 billion, a price-to-earnings ratio of 10.29 and a beta of 1.57. The company has a 50-day moving average of $136.93 and a 200-day moving average of $133.77.

Boise Cascade (NYSE:BCC – Get Free Report) posted its latest quarterly earnings data on Monday, May 6. The construction company reported $2.61 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $1.56 billion. During the same period last year, the company posted earnings per share of $2.43. Boise Cascade’s revenue increased 6.5% year over year. On average, research analysts expect Boise Cascade to post 10.84 earnings per share for the current year.

Boise Cascade announces dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17. Investors of record on Monday, June 3 will receive a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 3. This represents a dividend of $0.80 annually and a dividend yield of 0.63%. Boise Cascade’s dividend payout ratio (DPR) is currently 6.50%.

Buying and selling with insider information

In other Boise Cascade news: EVP Jeffrey Robert Strom sold 2,500 shares of Boise Cascade stock in a transaction that occurred on Thursday, May 9. The shares sold at an average price of $135.00, for a total transaction of $337,500.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC’s website. In other Boise Cascade news, EVP Jeffrey Robert Strom sold 2,500 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares sold at an average price of $135.00, for a total transaction of $337,500.00. Following the sale, the executive vice president now directly owns 43,353 shares of the company’s stock, valued at $5,852,655. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Jill Twedt sold 1,852 shares of the company’s stock in a transaction dated Monday, May 13. The shares sold at an average price of $135.00, for a total value of $250,020.00. Following the completion of the transaction, the senior vice president now directly owns 37,437 shares of the company’s stock, valued at approximately $5,053,995. The explanation of this sale can be found here. Over the last ninety days, insiders have sold 4,352 shares of the company’s stock, valued at $587,520. 0.98% of the shares are owned by business insiders.

Changes in analyst ratings

BCC has been the subject of a number of reports from research analysts. StockNews.com upgraded shares of 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 stock a “buy” rating in a report on Thursday, March 21. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $131.75.

Read our latest analysis on Boise Cascade

Boise Cascade Profile

(Free report)

Boise Cascade Company is engaged in the manufacturing of wood products and the 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 produces laminated veneer lumber and laminated beams used in headers and beams; I-beams for residential and commercial floor and roof systems and other structural applications; structural, exterior and industrial plywood panels; and ponderosa pine shop wood and planks of appearance quality.

Read further

Quarterly Institutional Ownership for Boise Cascade (NYSE:BCC)



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