Boise Cascade, L.L.C. (NYSE:BCC) Receives Average Rating of “Moderate Buy” from Analysts

Boise Cascade, L.L.C. (NYSE:BCC) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $98.00.

Several research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 18th. Truist Financial set a $97.00 target price on shares of Boise Cascade in a report on Wednesday, May 6th. The Goldman Sachs Group increased their target price on shares of Boise Cascade from $85.00 to $94.00 and gave the stock a “neutral” rating in a report on Wednesday, February 25th. Zacks Research upgraded shares of Boise Cascade from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen upgraded shares of Boise Cascade from a “sell” rating to a “hold” rating in a report on Saturday, February 28th.

Insider Buying and Selling at Boise Cascade

In other news, SVP Jill Twedt sold 6,070 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $66.45, for a total value of $403,351.50. Following the sale, the senior vice president directly owned 26,545 shares in the company, valued at approximately $1,763,915.25. This trade represents a 18.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.42% of the company’s stock.

Institutional Trading of Boise Cascade

A number of institutional investors have recently modified their holdings of BCC. Royal Bank of Canada boosted its holdings in shares of Boise Cascade by 4.0% in the 1st quarter. Royal Bank of Canada now owns 34,704 shares of the construction company’s stock valued at $3,404,000 after buying an additional 1,332 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Boise Cascade by 8.8% in the 1st quarter. AQR Capital Management LLC now owns 36,639 shares of the construction company’s stock valued at $3,594,000 after buying an additional 2,966 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Boise Cascade by 1,638.4% in the 1st quarter. Jones Financial Companies Lllp now owns 4,120 shares of the construction company’s stock valued at $404,000 after buying an additional 3,883 shares in the last quarter. United Services Automobile Association bought a new stake in shares of Boise Cascade in the 1st quarter valued at about $258,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Boise Cascade by 2.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 203,631 shares of the construction company’s stock valued at $19,974,000 after buying an additional 3,978 shares in the last quarter. 96.18% of the stock is currently owned by institutional investors.

Boise Cascade Stock Down 0.5%

Shares of Boise Cascade stock opened at $69.98 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.77 and a quick ratio of 1.37. Boise Cascade has a 1 year low of $65.00 and a 1 year high of $95.00. The firm’s 50-day moving average is $74.46 and its two-hundred day moving average is $76.81. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 1.05 and a beta of 1.15.

Boise Cascade (NYSE:BCC) last issued its earnings results on Monday, May 4th. The construction company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.07. Boise Cascade had a net margin of 1.73% and a return on equity of 5.55%. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the business earned $1.06 EPS. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. As a group, research analysts expect that Boise Cascade will post 3.67 earnings per share for the current fiscal year.

Boise Cascade Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, June 1st. Boise Cascade’s dividend payout ratio (DPR) is currently 29.73%.

About Boise Cascade

Boise Cascade Company operates as a leading manufacturer and distributor of wood products and building materials in North America. The company’s operations are organized into two primary segments: wood products manufacturing and building materials distribution. In its manufacturing segment, Boise Cascade produces a wide array of engineered wood products, including plywood, oriented strand board (OSB), lumber, particleboard and laminated veneer lumber (LVL), serving residential, commercial and industrial customers.

In its distribution segment, Boise Cascade sources and delivers building materials through an extensive network of distribution centers, servicing professional builders, remodelers, contractors and industrial customers.