Boise Cascade Co (BCC) Shares Sold by First Mercantile Trust Co.
First Mercantile Trust Co. lowered its position in Boise Cascade Co (NYSE:BCC) by 46.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,685 shares of the construction company’s stock after selling 3,209 shares during the quarter. First Mercantile Trust Co.’s holdings in Boise Cascade were worth $147,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of the stock. Engineers Gate Manager LP boosted its holdings in Boise Cascade by 55.0% in the fourth quarter. Engineers Gate Manager LP now owns 60,805 shares of the construction company’s stock valued at $2,426,000 after acquiring an additional 21,577 shares during the last quarter. HL Financial Services LLC acquired a new position in Boise Cascade in the fourth quarter valued at $2,346,000. Algert Global LLC boosted its holdings in Boise Cascade by 3.1% in the fourth quarter. Algert Global LLC now owns 95,639 shares of the construction company’s stock valued at $3,816,000 after acquiring an additional 2,867 shares during the last quarter. LSV Asset Management boosted its holdings in Boise Cascade by 21.2% in the fourth quarter. LSV Asset Management now owns 208,200 shares of the construction company’s stock valued at $8,307,000 after acquiring an additional 36,400 shares during the last quarter. Finally, Cypress Capital Management LLC WY acquired a new position in Boise Cascade in the fourth quarter valued at $517,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.
Several research firms have commented on BCC. BMO Capital Markets reissued a “hold” rating and issued a $36.00 price objective on shares of Boise Cascade in a research report on Thursday, January 25th. Zacks Investment Research raised Boise Cascade from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective on the stock in a research report on Friday, January 26th. Bank of America raised their price objective on Boise Cascade from $44.00 to $46.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. Finally, ValuEngine raised Boise Cascade from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Boise Cascade has a consensus rating of “Hold” and a consensus price target of $41.20.
The business also recently disclosed a Not Available dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a $0.07 dividend. This represents a yield of 0.00170109356014581%. The ex-dividend date of this dividend is Wednesday, February 28th. Boise Cascade’s dividend payout ratio (DPR) is presently 4.00%.
Boise Cascade Profile
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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