Unique Wealth Strategies LLC Purchases Shares of 4,968 Boise Cascade (NYSE:BCC)

Unique Wealth Strategies LLC acquired a new position in shares of Boise Cascade (NYSE:BCC) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,968 shares of the construction company’s stock, valued at approximately $643,000.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in Boise Cascade by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 4,673,313 shares of the construction company’s stock worth $481,538,000 after purchasing an additional 43,896 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Boise Cascade by 13.8% in the third quarter. Acadian Asset Management LLC now owns 1,473,620 shares of the construction company’s stock worth $151,820,000 after acquiring an additional 178,439 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Boise Cascade by 45.0% during the third quarter. Wellington Management Group LLP now owns 1,349,170 shares of the construction company’s stock valued at $139,018,000 after acquiring an additional 418,891 shares during the period. Pacer Advisors Inc. lifted its position in shares of Boise Cascade by 59.7% in the 4th quarter. Pacer Advisors Inc. now owns 1,096,986 shares of the construction company’s stock valued at $141,906,000 after acquiring an additional 409,906 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Boise Cascade by 14.2% during the 3rd quarter. American Century Companies Inc. now owns 701,301 shares of the construction company’s stock worth $72,262,000 after purchasing an additional 87,411 shares in the last quarter. 96.18% of the stock is currently owned by institutional investors and hedge funds.

Boise Cascade Stock Performance

BCC traded up $0.96 on Friday, hitting $139.42. The company had a trading volume of 218,202 shares, compared to its average volume of 298,754. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of 11.50 and a beta of 1.60. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.46 and a quick ratio of 2.26. The company’s fifty day moving average price is $139.88 and its 200 day moving average price is $125.82. Boise Cascade has a 1-year low of $64.56 and a 1-year high of $154.67.

Boise Cascade (NYSE:BCC) last issued its quarterly earnings data on Wednesday, February 21st. The construction company reported $2.44 earnings per share for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.01). Boise Cascade had a return on equity of 21.94% and a net margin of 7.07%. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the firm posted $2.95 earnings per share. Boise Cascade’s quarterly revenue was up 1.0% compared to the same quarter last year. Equities analysts predict that Boise Cascade will post 11.44 earnings per share for the current fiscal year.

Boise Cascade Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Thursday, February 22nd. Boise Cascade’s dividend payout ratio (DPR) is 6.60%.

Insider Activity

In related news, EVP Dean Michael Brown sold 11,117 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $139.09, for a total transaction of $1,546,263.53. Following the completion of the sale, the executive vice president now owns 40,237 shares in the company, valued at approximately $5,596,564.33. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.98% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

BCC has been the subject of several recent analyst reports. Truist Financial raised their target price on Boise Cascade from $156.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. The Goldman Sachs Group upped their target price on Boise Cascade from $114.00 to $129.00 and gave the company a “neutral” rating in a report on Thursday, January 11th. Finally, StockNews.com cut shares of Boise Cascade from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $125.00.

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.