Boise Cascade, L.L.C. (NYSE:BCC – Get Free Report) has been given a consensus rating of “Hold” by the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $93.60.
A number of equities analysts recently weighed in on BCC shares. Bank of America boosted 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. The Goldman Sachs Group lifted their price objective on shares of Boise Cascade from $81.00 to $91.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Zacks Research lowered shares of Boise Cascade from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Wall Street Zen raised shares of Boise Cascade from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Weiss Ratings upgraded shares of Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, August 17th.
Check Out Our Latest Research Report on Boise Cascade
Insider Buying and Selling
Hedge Funds Weigh In On Boise Cascade
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its holdings in shares of Boise Cascade by 19.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,164 shares of the construction company’s stock worth $86,000 after buying an additional 186 shares during the period. Farther Finance Advisors LLC raised its holdings in Boise Cascade by 309.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,431 shares of the construction company’s stock valued at $180,000 after acquiring an additional 1,837 shares during the period. State Street Corp lifted its position in Boise Cascade by 2.8% during the second quarter. State Street Corp now owns 1,497,224 shares of the construction company’s stock worth $116,229,000 after acquiring an additional 41,324 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Boise Cascade by 6.8% during the second quarter. The Manufacturers Life Insurance Company now owns 17,717 shares of the construction company’s stock worth $1,375,000 after acquiring an additional 1,122 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Boise Cascade by 4.4% during the second quarter. Sequoia Financial Advisors LLC now owns 3,693 shares of the construction company’s stock worth $287,000 after acquiring an additional 157 shares during the period. 96.18% of the stock is owned by institutional investors.
Boise Cascade Stock Up 1.9%
Shares of NYSE:BCC opened at $74.30 on Friday. The company has a 50 day moving average price of $78.79 and a two-hundred day moving average price of $75.99. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.31 and a current ratio of 2.71. The company has a market capitalization of $2.59 billion, a PE ratio of 25.19, a PEG ratio of 0.98 and a beta of 1.08. Boise Cascade has a 52 week low of $65.00 and a 52 week high of $91.97.
Boise Cascade (NYSE:BCC – Get Free Report) last posted its earnings results on Monday, August 3rd. The construction company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.40. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Boise Cascade had a return on equity of 5.41% and a net margin of 1.64%.The company’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.64 earnings per share. Analysts forecast that Boise Cascade will post 3.86 earnings per share for the current year.
Boise Cascade Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Tuesday, September 1st were paid a $0.23 dividend. This is a positive change from Boise Cascade’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 1.2%. The ex-dividend date was Tuesday, September 1st. Boise Cascade’s dividend payout ratio is currently 31.19%.
Boise Cascade Company Profile
Boise Cascade Company is a manufacturer of wood products and a wholesale distributor of building materials. The company serves residential and commercial construction markets, as well as industrial and remodeling customers, primarily in the United States.
Through its Wood Products segment, Boise Cascade manufactures engineered wood products such as laminated veneer lumber, I-joists, laminated beams, plywood and related structural panels. These products are used in floors, roofs, walls and other structural applications.
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