Sat Sep 14 13:56:00 UTC 2024: ## American Century Companies Increases Stake in Boise Cascade

**New York, NY (September 14th, 2024)** – American Century Companies Inc. has boosted its holdings in Boise Cascade (NYSE: BCC) by 2.4% in the second quarter, according to its latest Form 13F filing. The institutional investor now owns 897,137 shares of the construction company, representing approximately 2.27% of Boise Cascade, valued at $106,957,000.

This move by American Century Companies follows a trend of institutional investors taking interest in Boise Cascade. Several other hedge funds have also recently bought and sold shares of the company, including Principal Securities Inc., Scarborough Advisors LLC, Larson Financial Group LLC, iA Global Asset Management Inc., and Daiwa Securities Group Inc. Overall, 96.18% of Boise Cascade’s stock is owned by institutional investors and hedge funds.

Analysts have mixed opinions on the stock. Goldman Sachs Group lowered their target price from $140.00 to $122.00 and gave the stock a “neutral” rating, while Bank of America raised their target price to $124.00 but maintained an “underperform” rating. StockNews.com downgraded the stock from “buy” to “hold,” while Truist Financial reaffirmed a “buy” rating with a target price of $154.00.

Boise Cascade’s stock opened at $135.86 on Friday, with a 12-month low of $87.32 and a 12-month high of $154.67. The company reported strong second-quarter earnings, exceeding analysts’ expectations with $2.84 earnings per share and revenue of $1.80 billion.

Boise Cascade recently declared a quarterly dividend of $0.21 per share, an increase from the previous $0.20. This represents an annualized dividend of $0.84 and a yield of 0.62%. The company engages in the manufacture of wood products and distribution of building materials in the United States and Canada.

**Disclaimer:** This news article is based on publicly available information and should not be considered investment advice.

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