Boise Cascade
About: Boise Cascade Co is a producer of engineered wood products (EWP) and plywood. The firm operates in two segments namely Wood Products and Building Materials Distribution. Wood Products segment manufactures EWP, consisting of laminated veneer lumber (LVL), I-joists, and laminated beams. The Building Materials Distribution segment is engaged in the wholesale of building materials. It distributes products such as plywood, OSB, and lumber items such as siding, doors, metal products, insulation, and roofing, EWP and others. The company generates a majority of its revenue from the Building Material Distribution segment.
Employees: 7,310
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
97% more call options, than puts
Call options by funds: $13.5M | Put options by funds: $6.84M
0.74% less ownership
Funds ownership: 97.17% [Q1] → 96.44% (-0.74%) [Q2]
4% less repeat investments, than reductions
Existing positions increased: 133 | Existing positions reduced: 139
3% less funds holding
Funds holding: 379 [Q1] → 368 (-11) [Q2]
19% less first-time investments, than exits
New positions opened: 46 | Existing positions closed: 57
21% less capital invested
Capital invested by funds: $5.77B [Q1] → $4.54B (-$1.23B) [Q2]
100% less funds holding in top 10
Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Truist Securities Michael Roxland 86% 1-year accuracy 37 / 43 met price target | 18%upside $161 | Buy Maintained | 15 Oct 2024 |
B of A Securities George Staphos 50% 1-year accuracy 6 / 12 met price target | 9%downside $124 | Underperform Maintained | 12 Sept 2024 |
Truist Securities Michael Roxland 86% 1-year accuracy 37 / 43 met price target | 13%upside $154 | Buy Reiterated | 7 Aug 2024 |
