Bank of Montreal Can grew its position in shares of Boise Cascade Co (NYSE:BCC) by 36.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,068,908 shares of the construction company’s stock after buying an additional 307,854 shares during the quarter. Bank of Montreal Can owned 0.20% of Boise Cascade worth $9,676,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the stock. Voya Investment Management LLC boosted its position in shares of Boise Cascade by 21.3% during the 2nd quarter. Voya Investment Management LLC now owns 20,070 shares of the construction company’s stock worth $560,000 after purchasing an additional 3,416 shares during the period. Northern Trust Corp boosted its position in shares of Boise Cascade by 1.9% during the 2nd quarter. Northern Trust Corp now owns 365,911 shares of the construction company’s stock worth $11,623,000 after purchasing an additional 6,999 shares during the period. BlackRock Inc. boosted its position in shares of Boise Cascade by 2.8% during the 2nd quarter. BlackRock Inc. now owns 4,569,267 shares of the construction company’s stock worth $164,698,000 after purchasing an additional 122,172 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Boise Cascade by 6.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 562,344 shares of the construction company’s stock worth $20,296,000 after purchasing an additional 34,264 shares during the period. Finally, Neuberger Berman Group LLC bought a new position in shares of Boise Cascade during the 3rd quarter worth $107,000. Hedge funds and other institutional investors own 87.72% of the company’s stock.
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NYSE:BCC opened at $18.14 on Friday. The company has a quick ratio of 0.41, a current ratio of 1.35 and a debt-to-equity ratio of 0.11. Boise Cascade Co has a 1 year low of $17.22 and a 1 year high of $33.75. The stock has a market capitalization of $1.93 billion, a P/E ratio of 12.93, a PEG ratio of 0.86 and a beta of 1.76.
A number of research firms have recently weighed in on BCC. Vertical Research upgraded shares of Boise Cascade from a “hold” rating to a “buy” rating in a research note on Friday, February 1st. Zacks Investment Research lowered shares of Boise Cascade from a “buy” rating to a “hold” rating in a research note on Thursday, January 31st. Finally, BidaskClub upgraded shares of Boise Cascade from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $35.00.
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Boise Cascade Profile
Boise Cascade Company is a manufacturer of building products. The Company operates through three segments: Roofing, Wood Pellets and other products. The Roofing segment includes commercial, residential and structural roofing, made of wood products. The Wood Pellets segment consists of wood pellet manufacturing operations.
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