Brokerages Set Boise Cascade, L.L.C. (NYSE:BCC) Price Target at $125.00

Boise Cascade, L.L.C. (NYSE:BCC) has been assigned a consensus rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $125.00.

BCC has been the subject of a number of recent analyst reports. Loop Capital decreased their price target on shares of Boise Cascade from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Monday, April 14th. DA Davidson decreased their price objective on shares of Boise Cascade from $155.00 to $125.00 and set a “buy” rating for the company in a report on Monday, February 24th. Benchmark reaffirmed a “hold” rating on shares of Boise Cascade in a report on Tuesday, February 25th. Truist Financial decreased their price objective on shares of Boise Cascade from $134.00 to $118.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Finally, BMO Capital Markets decreased their price objective on shares of Boise Cascade from $136.00 to $122.00 and set a “market perform” rating for the company in a report on Tuesday, February 25th.

Insider Activity

In related news, SVP Jill Twedt sold 1,200 shares of the company’s stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $88.01, for a total value of $105,612.00. Following the completion of the sale, the senior vice president now owns 34,649 shares of the company’s stock, valued at $3,049,458.49. This represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Joanna L. Barney sold 1,000 shares of the company’s stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $87.68, for a total transaction of $87,680.00. Following the completion of the sale, the executive vice president now directly owns 12,372 shares of the company’s stock, valued at $1,084,776.96. The trade was a 7.48% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.98% of the company’s stock.

Institutional Investors Weigh In On Boise Cascade

Several institutional investors have recently bought and sold shares of BCC. Quarry LP lifted its holdings 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 acquiring an additional 211 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Boise Cascade by 120.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 406 shares of the construction company’s stock valued at $40,000 after acquiring an additional 222 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Boise Cascade by 338.5% in the 1st quarter. Farther Finance Advisors LLC now owns 478 shares of the construction company’s stock valued at $47,000 after acquiring an additional 369 shares during the last quarter. Principal Securities Inc. lifted its holdings 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 acquiring an additional 145 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in Boise Cascade by 93.7% in the 1st quarter. Blue Trust Inc. now owns 918 shares of the construction company’s stock valued at $90,000 after acquiring an additional 444 shares during the last quarter. Institutional investors and hedge funds own 96.18% of the company’s stock.

Boise Cascade Stock Down 0.2%

BCC stock opened at $83.90 on Friday. Boise Cascade has a twelve month low of $83.60 and a twelve month high of $155.42. The company has a current ratio of 2.82, a quick ratio of 1.51 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $3.16 billion, a P/E ratio of 10.47, a PEG ratio of 3.64 and a beta of 1.36. The firm has a 50 day simple moving average of $90.27 and a 200-day simple moving average of $107.49.

Boise Cascade (NYSE:BCC) last released its quarterly earnings results on Monday, May 5th. The construction company reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.30). Boise Cascade had a return on equity of 14.36% and a net margin of 4.72%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period in the previous year, the business posted $2.61 EPS. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. On average, equities research analysts predict that Boise Cascade will post 10.15 earnings per share for the current fiscal year.

Boise Cascade Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Monday, June 2nd. Boise Cascade’s dividend payout ratio (DPR) is 10.49%.

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.