Boise Cascade, L.L.C. (NYSE:BCC) Given Consensus Rating of “Hold” by Analysts

Boise Cascade, L.L.C. (NYSE:BCC) has been given an average recommendation of “Hold” by the seven ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $92.80.

A number of analysts have issued reports on BCC shares. DA Davidson cut their price objective on shares of Boise Cascade from $95.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Bank of America raised their target price on shares of Boise Cascade from $80.00 to $81.00 and gave the stock an “underperform” rating in a report on Tuesday, July 14th. Truist Financial set a $97.00 price target on shares of Boise Cascade in a research report on Wednesday, May 6th. Weiss Ratings upgraded Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 18th. Finally, Zacks Research raised Boise Cascade from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th.

Boise Cascade Trading Down 3.9%

Shares of Boise Cascade stock opened at $77.04 on Friday. The firm has a 50-day moving average of $71.84 and a 200-day moving average of $76.87. The stock has a market cap of $2.71 billion, a PE ratio of 26.03, a PEG ratio of 1.07 and a beta of 1.08. Boise Cascade has a 52-week low of $65.00 and a 52-week high of $91.97. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.37 and a current ratio of 2.77.

Boise Cascade (NYSE:BCC) last released its quarterly earnings results on Monday, May 4th. The construction company reported $0.50 EPS for the quarter, beating 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 business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the company posted $1.06 earnings per share. Boise Cascade’s revenue was down 2.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Boise Cascade will post 3.83 EPS for the current year.

Boise Cascade Dividend Announcement

The business also recently announced 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 1.1%. The ex-dividend date was Monday, June 1st. Boise Cascade’s dividend payout ratio is presently 29.73%.

Insider Activity

In other news, SVP Jill Twedt sold 6,070 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $66.45, for a total transaction of $403,351.50. Following the sale, the senior vice president directly owned 26,545 shares of the company’s stock, valued at approximately $1,763,915.25. This represents a 18.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.42% of the company’s stock.

Institutional Investors Weigh In On Boise Cascade

Institutional investors and hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew its stake in Boise Cascade by 231.2% during the third quarter. Caitong International Asset Management Co. Ltd now owns 371 shares of the construction company’s stock worth $29,000 after buying an additional 259 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Boise Cascade by 77.5% in the 4th quarter. Fifth Third Bancorp now owns 410 shares of the construction company’s stock valued at $30,000 after buying an additional 179 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Boise Cascade during the 3rd quarter worth approximately $38,000. UMB Bank n.a. lifted its holdings in shares of Boise Cascade by 98.5% during the 4th quarter. UMB Bank n.a. now owns 524 shares of the construction company’s stock worth $39,000 after acquiring an additional 260 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of Boise Cascade by 5,866.7% during the 4th quarter. Signaturefd LLC now owns 537 shares of the construction company’s stock worth $40,000 after acquiring an additional 528 shares during the period. Institutional investors own 96.18% of the company’s stock.

Boise Cascade Company Profile

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.