Dynamic Technology Lab Private Ltd Invests $223,000 in Boise Cascade, L.L.C. (BCC) Stock
Dynamic Technology Lab Private Ltd purchased a new position in Boise Cascade, L.L.C. (NYSE:BCC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,392 shares of the construction company’s stock, valued at approximately $223,000.
A number of other institutional investors also recently made changes to their positions in BCC. Great West Life Assurance Co. Can grew its position in shares of Boise Cascade by 3.5% in the 2nd quarter. Great West Life Assurance Co. Can now owns 57,086 shares of the construction company’s stock worth $1,733,000 after buying an additional 1,912 shares during the last quarter. Chicago Equity Partners LLC bought a new stake in shares of Boise Cascade in the 2nd quarter worth approximately $579,000. Parametrica Management Ltd bought a new stake in shares of Boise Cascade in the 3rd quarter worth approximately $336,000. HighPoint Advisor Group LLC bought a new stake in shares of Boise Cascade in the 3rd quarter worth approximately $571,000. Finally, Peregrine Capital Management LLC grew its position in shares of Boise Cascade by 3.5% in the 3rd quarter. Peregrine Capital Management LLC now owns 1,109,988 shares of the construction company’s stock worth $38,739,000 after buying an additional 37,778 shares during the last quarter. 94.77% of the stock is currently owned by institutional investors and hedge funds.
Shares of Boise Cascade, L.L.C. (NYSE:BCC) opened at $39.05 on Thursday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.19 and a current ratio of 2.27. Boise Cascade, L.L.C. has a 1 year low of $22.25 and a 1 year high of $39.95. The firm has a market capitalization of $1,523.10, a P/E ratio of 23.65, a P/E/G ratio of 1.10 and a beta of 2.09.
Boise Cascade (NYSE:BCC) last released its quarterly earnings results on Tuesday, October 31st. The construction company reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.17. Boise Cascade had a return on equity of 10.66% and a net margin of 1.59%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the company posted $0.26 earnings per share. The firm’s revenue was up 14.9% on a year-over-year basis. research analysts predict that Boise Cascade, L.L.C. will post 1.95 EPS for the current fiscal year.
The company also recently declared a Not Available dividend, which will be paid on Friday, December 15th. Investors of record on Monday, November 27th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, November 24th. Boise Cascade’s dividend payout ratio is presently 4.00%.
In related news, Director Thomas E. Carlile sold 17,552 shares of Boise Cascade stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $31.75, for a total transaction of $557,276.00. Following the sale, the director now directly owns 63,496 shares in the company, valued at $2,015,998. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company’s stock.
A number of equities research analysts have recently weighed in on BCC shares. Zacks Investment Research upgraded Boise Cascade from a “sell” rating to a “hold” rating and set a $41.00 price objective on the stock in a research report on Thursday, November 2nd. Bank of America lowered Boise Cascade from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $35.00 to $36.00 in a research report on Monday, October 2nd. BidaskClub lowered Boise Cascade from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. DA Davidson lowered Boise Cascade from a “buy” rating to a “neutral” rating and set a $36.00 price target on the stock. in a research report on Tuesday, October 3rd. Finally, Sidoti initiated coverage on Boise Cascade in a research report on Friday, September 15th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Boise Cascade has a consensus rating of “Hold” and a consensus target price of $36.40.
About Boise Cascade
Boise Cascade Company is an integrated wood products manufacturer and building materials distributor with operations throughout the United States and one manufacturing facility in Canada. The Company is also a producer of engineered wood products (EWP) and plywood in North America. The Company operates through three segments: Wood Products, Building Materials Distribution, and Corporate and Other.
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