Boise Cascade, L.L.C. (NYSE:BCC – Get Free Report) SVP Jill Twedt sold 1,250 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $79.40, for a total transaction of $99,250.00. Following the completion of the sale, the senior vice president directly owned 25,295 shares of the company’s stock, valued at $2,008,423. This trade represents a 4.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Boise Cascade Trading Down 1.3%
BCC opened at $78.87 on Friday. The firm has a market capitalization of $2.75 billion, a P/E ratio of 26.74, a P/E/G ratio of 1.08 and a beta of 1.10. The firm’s 50 day moving average is $78.80 and its 200-day moving average is $76.71. Boise Cascade, L.L.C. has a 52-week low of $65.00 and a 52-week high of $91.97. The company has a quick ratio of 1.31, a current ratio of 2.71 and a debt-to-equity ratio of 0.24.
Boise Cascade (NYSE:BCC – Get Free Report) last announced its earnings results on Monday, August 3rd. The construction company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.40. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.77 billion. Boise Cascade had a net margin of 1.64% and a return on equity of 5.41%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.64 earnings per share. Analysts expect that Boise Cascade, L.L.C. will post 3.86 EPS for the current fiscal year.
Boise Cascade Increases Dividend
Institutional Investors Weigh In On Boise Cascade
A number of institutional investors have recently modified their holdings of BCC. Cerity Partners LLC increased its holdings in Boise Cascade by 3.8% in the second quarter. Cerity Partners LLC now owns 3,274 shares of the construction company’s stock valued at $284,000 after buying an additional 121 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in Boise Cascade by 1.0% during the 2nd quarter. Raymond James Financial Inc. now owns 13,219 shares of the construction company’s stock worth $1,148,000 after buying an additional 126 shares during the last quarter. Fifth Third Bancorp increased its holdings 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 acquiring an additional 179 shares during the last quarter. ProShare Advisors LLC raised its position in shares of Boise Cascade by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 7,329 shares of the construction company’s stock valued at $539,000 after acquiring an additional 226 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Boise Cascade by 231.2% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 371 shares of the construction company’s stock valued at $29,000 after acquiring an additional 259 shares in the last quarter. Institutional investors and hedge funds own 96.18% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on BCC. Weiss Ratings upgraded Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, August 17th. Bank of America boosted their price target on Boise Cascade from $80.00 to $81.00 and gave the stock an “underperform” rating in a research note on Tuesday, July 14th. Wall Street Zen raised Boise Cascade from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Truist Financial set a $97.00 price objective on Boise Cascade in a research note on Wednesday, May 6th. Finally, Zacks Research downgraded Boise Cascade from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $93.60.
View Our Latest Research Report on BCC
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.
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