WINTON GROUP Ltd Invests $264,000 in Boise Cascade Co (BCC)

WINTON GROUP Ltd bought a new stake in Boise Cascade Co (NYSE:BCC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,165 shares of the construction company’s stock, valued at approximately $264,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in shares of Boise Cascade by 10.3% in the second quarter. BlackRock Inc. now owns 5,648,484 shares of the construction company’s stock valued at $252,488,000 after buying an additional 528,529 shares during the period. Macquarie Group Ltd. lifted its stake in shares of Boise Cascade by 11.7% in the second quarter. Macquarie Group Ltd. now owns 1,310,363 shares of the construction company’s stock valued at $58,574,000 after buying an additional 137,342 shares during the period. Northern Trust Corp lifted its stake in shares of Boise Cascade by 20.2% in the second quarter. Northern Trust Corp now owns 980,253 shares of the construction company’s stock valued at $43,818,000 after buying an additional 164,841 shares during the period. Voya Investment Management LLC lifted its stake in shares of Boise Cascade by 1.9% in the second quarter. Voya Investment Management LLC now owns 907,694 shares of the construction company’s stock valued at $40,574,000 after buying an additional 16,671 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Boise Cascade by 9.2% in the second quarter. Millennium Management LLC now owns 871,939 shares of the construction company’s stock valued at $38,976,000 after buying an additional 73,805 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.

BCC has been the subject of several research reports. Bank of America reduced their target price on shares of Boise Cascade from $49.00 to $48.00 and set a “neutral” rating for the company in a research note on Tuesday, August 7th. Zacks Investment Research cut shares of Boise Cascade from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. ValuEngine cut shares of Boise Cascade from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. Vertical Research upgraded shares of Boise Cascade from a “hold” rating to a “buy” rating in a research note on Thursday, October 11th. Finally, DA Davidson reduced their target price on shares of Boise Cascade to $35.00 and set a “neutral” rating for the company in a research note on Wednesday, November 7th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $43.50.

Shares of BCC opened at $27.29 on Friday. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 8.40, a price-to-earnings-growth ratio of 1.04 and a beta of 2.01. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.36 and a quick ratio of 1.17. Boise Cascade Co has a 12 month low of $26.33 and a 12 month high of $49.30.

Boise Cascade (NYSE:BCC) last announced its quarterly earnings results on Tuesday, November 6th. The construction company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Boise Cascade had a net margin of 2.23% and a return on equity of 17.97%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.81 earnings per share. As a group, sell-side analysts anticipate that Boise Cascade Co will post 2.84 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be paid a dividend of $0.09 per share. This is a boost from Boise Cascade’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Friday, November 30th. This represents a $0.36 dividend on an annualized basis and a yield of 1.32%. Boise Cascade’s dividend payout ratio (DPR) is currently 14.66%.

COPYRIGHT VIOLATION WARNING: “WINTON GROUP Ltd Invests $264,000 in Boise Cascade Co (BCC)” was reported by WKRB News and is the property of of WKRB News. If you are reading this news story on another domain, it was illegally copied and republished in violation of United States and international trademark & copyright law. The correct version of this news story can be read at https://www.wkrb13.com/2018/11/24/winton-group-ltd-invests-264000-in-boise-cascade-co-bcc.html.

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.

See Also: What are earnings reports?

Want to see what other hedge funds are holding BCC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boise Cascade Co (NYSE:BCC).

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

Receive News & Ratings for Boise Cascade Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boise Cascade and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply