Boise Cascade (NYSE:BCC) Given Hold Rating at Benchmark

Benchmark reissued their hold rating on shares of Boise Cascade (NYSE:BCC) in a research report report published on Tuesday morning,Benzinga reports.

A number of other analysts have also recently issued reports on the company. Loop Capital lowered their target price on Boise Cascade from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Monday. StockNews.com downgraded shares of Boise Cascade from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. DA Davidson cut their price objective on shares of Boise Cascade from $155.00 to $125.00 and set a “buy” rating on the stock in a research report on Monday. Truist Financial reduced their target price 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. Finally, The Goldman Sachs Group dropped their price target on Boise Cascade from $145.00 to $126.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $128.50.

Boise Cascade Trading Up 2.7 %

Shares of NYSE BCC opened at $106.52 on Tuesday. Boise Cascade has a twelve month low of $102.27 and a twelve month high of $155.42. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 11.14 and a beta of 1.57. The company has a quick ratio of 1.92, a current ratio of 3.34 and a debt-to-equity ratio of 0.22. The company’s fifty day moving average is $121.97 and its 200-day moving average is $132.03.

Boise Cascade (NYSE:BCC) last posted its earnings results on Thursday, February 20th. The construction company reported $1.78 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.01). Boise Cascade had a return on equity of 17.04% and a net margin of 5.60%. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.57 billion. Equities research analysts predict that Boise Cascade will post 10.15 EPS for the current year.

Boise Cascade Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Monday, February 24th will be paid a $0.21 dividend. The ex-dividend date is Monday, February 24th. This represents a $0.84 annualized dividend and a yield of 0.79%. Boise Cascade’s payout ratio is currently 8.79%.

Hedge Funds Weigh In On Boise Cascade

A number of large investors have recently modified their holdings of BCC. Mackenzie Financial Corp raised its holdings in Boise Cascade by 263.7% during the fourth quarter. Mackenzie Financial Corp now owns 19,142 shares of the construction company’s stock worth $2,275,000 after acquiring an additional 13,879 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Boise Cascade by 3.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 50,833 shares of the construction company’s stock worth $6,042,000 after purchasing an additional 1,471 shares during the last quarter. Vise Technologies Inc. raised its stake in shares of Boise Cascade by 3.4% during the 4th quarter. Vise Technologies Inc. now owns 3,021 shares of the construction company’s stock worth $359,000 after purchasing an additional 100 shares in the last quarter. Voloridge Investment Management LLC boosted its holdings in shares of Boise Cascade by 80.9% in the 4th quarter. Voloridge Investment Management LLC now owns 15,702 shares of the construction company’s stock valued at $1,866,000 after buying an additional 7,021 shares during the last quarter. Finally, Westwood Holdings Group Inc. boosted its holdings in shares of Boise Cascade by 3.9% in the 4th quarter. Westwood Holdings Group Inc. now owns 1,192,621 shares of the construction company’s stock valued at $141,755,000 after buying an additional 45,010 shares during the last quarter. 96.18% of the stock is currently owned by institutional investors and hedge funds.

Boise Cascade Company Profile

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.