Boise Cascade (NYSE:BCC) Receives Consensus Rating of “Hold” from Analysts

Shares of Boise Cascade (NYSE:BCC) have received a consensus recommendation of “Hold” from the seven research firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $128.50.

BCC has been the topic of several recent analyst reports. Loop Capital dropped their price target on Boise Cascade from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. BMO Capital Markets lowered their target price on Boise Cascade from $136.00 to $122.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 25th. Truist Financial lowered their target price on Boise Cascade from $157.00 to $134.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. The Goldman Sachs Group lowered their target price on Boise Cascade from $145.00 to $126.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Finally, DA Davidson lowered their target price on Boise Cascade from $155.00 to $125.00 and set a “buy” rating on the stock in a research report on Monday, February 24th.

Boise Cascade Price Performance

Shares of BCC opened at $100.54 on Thursday. Boise Cascade has a 52-week low of $97.21 and a 52-week high of $155.42. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.92 and a current ratio of 3.34. The business’s 50 day moving average price is $119.84 and its two-hundred day moving average price is $131.15. The firm has a market cap of $3.81 billion, a PE ratio of 10.52 and a beta of 1.57.

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

Boise Cascade Dividend Announcement

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

Insider Buying and Selling

In related news, Director Kristopher J. Matula sold 553 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $103.16, for a total transaction of $57,047.48. Following the completion of the sale, the director now owns 13,099 shares in the company, valued at approximately $1,351,292.84. This represents a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.98% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Boise Cascade

Several institutional investors have recently bought and sold shares of BCC. Harbor Capital Advisors Inc. bought a new stake in Boise Cascade during the third quarter worth $28,000. R Squared Ltd bought a new position in Boise Cascade in the 4th quarter valued at $29,000. Quarry LP grew its stake in Boise Cascade by 502.4% in the 4th quarter. Quarry LP now owns 253 shares of the construction company’s stock valued at $30,000 after purchasing an additional 211 shares during the period. Larson Financial Group LLC grew its stake in Boise Cascade by 23.9% in the 3rd quarter. Larson Financial Group LLC now owns 378 shares of the construction company’s stock valued at $53,000 after purchasing an additional 73 shares during the period. Finally, Principal Securities Inc. grew its stake in Boise Cascade by 44.2% in the 4th quarter. Principal Securities Inc. now owns 473 shares of the construction company’s stock valued at $56,000 after purchasing an additional 145 shares during the period. Institutional investors own 96.18% of the company’s stock.

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.