Boise Cascade Co (BCC) Stake Lowered by Barclays PLC

Barclays PLC lowered its stake in shares of Boise Cascade Co (NYSE:BCC) by 45.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,916 shares of the construction company’s stock after selling 53,828 shares during the quarter. Barclays PLC owned about 0.17% of Boise Cascade worth $1,548,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Victory Capital Management Inc. lifted its holdings in shares of Boise Cascade by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 12,547 shares of the construction company’s stock valued at $299,000 after purchasing an additional 489 shares during the last quarter. Royce & Associates LP grew its stake in shares of Boise Cascade by 56.3% in the fourth quarter. Royce & Associates LP now owns 1,455 shares of the construction company’s stock worth $35,000 after acquiring an additional 524 shares in the last quarter. Texas Permanent School Fund lifted its position in shares of Boise Cascade by 4.0% during the 4th quarter. Texas Permanent School Fund now owns 25,462 shares of the construction company’s stock worth $607,000 after purchasing an additional 990 shares during the last quarter. IMS Capital Management purchased a new stake in shares of Boise Cascade during the 3rd quarter worth $37,000. Finally, Paradigm Asset Management Co. LLC purchased a new stake in shares of Boise Cascade during the 3rd quarter worth $46,000. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Boise Cascade from a “sell” rating to a “hold” rating in a report on Monday, December 31st. ValuEngine upgraded shares of Boise Cascade from a “strong sell” rating to a “sell” rating in a research report on Tuesday, March 5th. BMO Capital Markets reaffirmed a “hold” rating and issued a $32.00 price target on shares of Boise Cascade in a report on Wednesday, January 30th. TheStreet lowered shares of Boise Cascade from a “b-” rating to a “c+” rating in a research report on Wednesday, December 19th. Finally, DA Davidson raised shares of Boise Cascade from a “neutral” rating to a “buy” rating and raised their price target for the company from $35.00 to $37.00 in a report on Wednesday, February 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Boise Cascade currently has an average rating of “Hold” and an average price target of $41.75.

NYSE:BCC traded up $0.36 during mid-day trading on Monday, hitting $27.61. The stock had a trading volume of 250,528 shares, compared to its average volume of 331,145. The company has a market cap of $1.06 billion, a PE ratio of 12.06, a P/E/G ratio of 2.13 and a beta of 1.95. The company has a quick ratio of 1.22, a current ratio of 2.67 and a debt-to-equity ratio of 0.65. Boise Cascade Co has a 52 week low of $22.00 and a 52 week high of $49.30.

Boise Cascade (NYSE:BCC) last announced its quarterly earnings data on Tuesday, February 26th. The construction company reported ($1.85) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($1.84). The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.09 billion. Boise Cascade had a return on equity of 14.93% and a net margin of 0.41%. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 EPS. As a group, equities analysts anticipate that Boise Cascade Co will post 1.97 EPS for the current year.

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Boise Cascade Profile

Boise Cascade Company manufactures wood products and distributes building materials in the United States and Canada. It operates in 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 lumber, studs, and particleboards.

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Institutional Ownership by Quarter for Boise Cascade (NYSE:BCC)

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