Mission Wealth Management LP Acquires 452 Shares of Boise Cascade Co (NYSE:BCC)

Mission Wealth Management LP raised its holdings in Boise Cascade Co (NYSE:BCC) by 7.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,719 shares of the construction company’s stock after buying an additional 452 shares during the quarter. Mission Wealth Management LP’s holdings in Boise Cascade were worth $268,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Rosenberg Matthew Hamilton bought a new stake in shares of Boise Cascade in the 2nd quarter worth approximately $34,000. Private Capital Group LLC grew its position in shares of Boise Cascade by 31.1% in the 2nd quarter. Private Capital Group LLC now owns 1,024 shares of the construction company’s stock worth $39,000 after buying an additional 243 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of Boise Cascade by 276.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,588 shares of the construction company’s stock worth $60,000 after buying an additional 1,166 shares during the last quarter. FMR LLC grew its position in shares of Boise Cascade by 436.4% in the 1st quarter. FMR LLC now owns 3,331 shares of the construction company’s stock worth $89,000 after buying an additional 2,710 shares during the last quarter. Finally, Advisor Group Holdings Inc. bought a new stake in shares of Boise Cascade in the 1st quarter worth approximately $91,000.

In other news, Director Thomas E. Carlile sold 16,061 shares of the business’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $48.43, for a total value of $777,834.23. Following the completion of the transaction, the director now owns 40,167 shares in the company, valued at $1,945,287.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas E. Carlile sold 2,671 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $48.08, for a total value of $128,421.68. Following the completion of the transaction, the director now owns 56,228 shares of the company’s stock, valued at approximately $2,703,442.24. The disclosure for this sale can be found here. Insiders sold 31,179 shares of company stock valued at $1,490,349 in the last 90 days. Company insiders own 1.40% of the company’s stock.

Boise Cascade stock opened at $40.27 on Friday. The company has a current ratio of 2.46, a quick ratio of 1.52 and a debt-to-equity ratio of 0.64. The business’s fifty day simple moving average is $42.31 and its two-hundred day simple moving average is $37.35. Boise Cascade Co has a 12 month low of $20.08 and a 12 month high of $50.35. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 1.16 and a beta of 2.28.

Boise Cascade (NYSE:BCC) last released its earnings results on Monday, August 3rd. The construction company reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.31. Boise Cascade had a return on equity of 14.09% and a net margin of 1.83%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, equities research analysts predict that Boise Cascade Co will post 4.06 EPS for the current year.

The firm also recently declared a dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be paid a $1.60 dividend. The ex-dividend date is Wednesday, October 14th. Boise Cascade’s dividend payout ratio is currently 19.14%.

Several equities research analysts recently weighed in on the company. BofA Securities lowered Boise Cascade from a “buy” rating to a “neutral” rating in a research report on Friday, September 11th. Bank of America lowered Boise Cascade from a “buy” rating to a “neutral” rating and set a $53.00 price target on the stock. in a research report on Friday, September 11th. DA Davidson lowered Boise Cascade from a “buy” rating to a “neutral” rating and set a $46.00 price target on the stock. in a research report on Tuesday, August 4th. TheStreet upgraded Boise Cascade from a “c+” rating to a “b-” rating in a research report on Thursday, July 23rd. Finally, Zacks Investment Research upgraded Boise Cascade from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Tuesday, October 6th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $48.67.

About Boise Cascade

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; and structural, appearance, and industrial plywood panels.

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

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