Bank of Montreal Can Sells 118,791 Shares of Boise Cascade (NYSE:BCC)

Bank of Montreal Can cut its holdings in shares of Boise Cascade (NYSE:BCC – Free Report) by 93.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,768 shares of the construction company’s stock after selling 118,791 shares during the period.

Bank of Montreal Can’s holdings in Boise Cascade were worth $923,000 at the end of the most recent reporting period. A number of other hedge funds have also added to or reduced their stakes in the stock. Tidal Investments LLC lifted its position in shares of Boise Cascade by 341.



9% during the third quarter. Tidal Investments LLC now owns 15,808 shares of the construction company’s stock valued at $2,229,000 after purchasing an additional 12,231 shares in the last quarter. Fulcrum Capital LLC purchased a new stake in shares of Boise Cascade during the 4th quarter valued at approximately $1,092,000.

D.A. Davidson & CO.

lifted its position in shares of Boise Cascade by 4.2% during the fourth quarter. D.

A. Davidson & CO. now owns 3,267 shares of the construction company’s stock worth $388,000 after acquiring an additional 133 shares in the last quarter.

Nordea Investment Management AB boosted its stake in Boise Cascade by 5.0% in the 4th quarter. Nordea Investment Management AB now owns 120,816 shares of the construction company’s stock worth $14,454,000 after purchasing an additional 5,779 shares during the period.

Finally, Barclays PLC grew its holdings in Boise Cascade by 174.1% during the 3rd quarter. Barclays PLC now owns 90,366 shares of the construction company’s stock valued at $12,739,000 after buying an additional 57,403 shares in the last quarter.

Institutional investors and hedge funds own 96.18% of the company’s stock. Boise Cascade Stock PerformanceShares of NYSE BCC opened at $93.

37 on Friday. The firm’s 50-day moving average price is $101.64 and its 200-day moving average price is $122.

41. Boise Cascade has a 52-week low of $87.84 and a 52-week high of $155.

42. The company has a market cap of $3.55 billion, a PE ratio of 9.

77 and a beta of 1.52. The company has a quick ratio of 1.

92, a current ratio of 3.34 and a debt-to-equity ratio of 0.22.

Boise Cascade (NYSE:BCC – Get Free Report) last posted its earnings results on Thursday, February 20th. The construction company reported $1.78 EPS for the quarter, missing analysts’ consensus estimates of $1.

79 by ($0.01). The company had revenue of $1.

57 billion during the quarter, compared to the consensus estimate of $1.57 billion. Boise Cascade had a return on equity of 17.

04% and a net margin of 5.60%. As a group, analysts anticipate that Boise Cascade will post 10.

15 EPS for the current year. Boise Cascade Announces DividendThe company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, February 24th were given a $0.

21 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.

84 annualized dividend and a yield of 0.90%. Boise Cascade’s payout ratio is 8.

79%. Analysts Set New Price TargetsSeveral research firms have weighed in on BCC. Benchmark reaffirmed a “hold” rating on shares of Boise Cascade in a report on Tuesday, February 25th.

Truist Financial cut their price objective on shares of Boise Cascade from $157.00 to $134.00 and set a “buy” rating for the company in a research note on Monday, February 24th.

Loop Capital decreased their price objective on Boise Cascade from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, April 14th.

The Goldman Sachs Group dropped their price target on shares of Boise Cascade from $145.00 to $126.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th.

Finally, DA Davidson cut their price objective on Boise Cascade from $155.00 to $125.00 and set a “buy” rating on the stock in a research report on Monday, February 24th.

One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Boise Cascade currently has an average rating of “Hold” and an average target price of $127.

67.Read Our Latest Stock Report on BCCInsiders Place Their BetsIn other news, COO Jeffrey Robert Strom sold 4,500 shares of Boise Cascade stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $100.

21, for a total transaction of $450,945.00. Following the transaction, the chief operating officer now owns 38,026 shares in the company, valued at $3,810,585.

46. This trade represents a 10.58 % decrease in their position.

The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kristopher J. Matula sold 553 shares of the company’s stock in a transaction on Tuesday, February 25th.

The stock was sold at an average price of $103.16, for a total value of $57,047.48.

Following the completion of the sale, the director now owns 13,099 shares of the company’s stock, valued at $1,351,292.84. This trade represents a 4.

05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.

11% of the company’s stock. Boise Cascade Company Profile (Free Report)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.Further ReadingFive stocks we like better than Boise CascadeFind and Profitably Trade Stocks at 52-Week LowsJ.B.

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