Boise Cascade, L.L.C. (NYSE:BCC) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Boise Cascade, L.L.C. (NYSE:BCC) has been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $98.00.

BCC has been the topic of a number of analyst reports. Weiss Ratings raised Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. Zacks Research raised Boise Cascade from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Truist Financial set a $97.00 price objective on Boise Cascade in a research report on Wednesday, May 6th. DA Davidson lowered their price objective on Boise Cascade from $95.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Finally, The Goldman Sachs Group lifted their price objective on Boise Cascade from $85.00 to $94.00 and gave the company a “neutral” rating in a research report on Wednesday, February 25th.

Insider Buying and Selling at Boise Cascade

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd lifted its holdings in Boise Cascade by 231.3% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 371 shares of the construction company’s stock worth $29,000 after purchasing an additional 259 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Boise Cascade by 77.5% in the 4th quarter. Fifth Third Bancorp now owns 410 shares of the construction company’s stock worth $30,000 after purchasing an additional 179 shares in the last quarter. Advisory Services Network LLC purchased a new position in Boise Cascade in the 3rd quarter worth approximately $38,000. UMB Bank n.a. lifted its holdings in Boise Cascade by 98.5% in the 4th quarter. UMB Bank n.a. now owns 524 shares of the construction company’s stock worth $39,000 after purchasing an additional 260 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in Boise Cascade by 5,866.7% in the 4th quarter. Signaturefd LLC now owns 537 shares of the construction company’s stock worth $40,000 after purchasing an additional 528 shares in the last quarter. 96.18% of the stock is owned by hedge funds and other institutional investors.

Boise Cascade Trading Down 1.1%

Shares of NYSE:BCC opened at $71.77 on Wednesday. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 1.08 and a beta of 1.09. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.37 and a current ratio of 2.77. The stock’s 50-day simple moving average is $73.08 and its two-hundred day simple moving average is $76.71. Boise Cascade has a 52-week low of $65.00 and a 52-week high of $95.00.

Boise Cascade (NYSE:BCC) last announced 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 return on equity of 5.55% and a net margin of 1.73%.The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the firm posted $1.06 earnings per share. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. Analysts expect that Boise Cascade will post 3.67 EPS for the current year.

Boise Cascade Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, June 1st. Boise Cascade’s payout ratio is presently 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.