Boise Cascade, L.L.C. (NYSE:BCC – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $92.80.
BCC has been the topic of a number of research analyst reports. Zacks Research raised Boise Cascade from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Truist Financial set a $97.00 price objective on Boise Cascade in a research report on Wednesday, May 6th. DA Davidson lowered their target price on Boise Cascade from $95.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Weiss Ratings upgraded shares of Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 18th. Finally, 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.
Insider Activity at Boise Cascade
Hedge Funds Weigh In On Boise Cascade
A number of large investors have recently added to or reduced their stakes in BCC. Wellington Management Group LLP lifted its holdings in shares of Boise Cascade by 19.8% in the third quarter. Wellington Management Group LLP now owns 3,268,407 shares of the construction company’s stock valued at $252,713,000 after purchasing an additional 539,962 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Boise Cascade by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,325,781 shares of the construction company’s stock worth $176,410,000 after buying an additional 46,561 shares in the last quarter. State Street Corp raised its position in Boise Cascade by 0.3% in the 4th quarter. State Street Corp now owns 1,472,071 shares of the construction company’s stock valued at $108,344,000 after buying an additional 3,817 shares during the last quarter. Norges Bank bought a new stake in Boise Cascade in the 4th quarter valued at approximately $42,146,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Boise Cascade by 12.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 507,108 shares of the construction company’s stock valued at $37,323,000 after acquiring an additional 54,279 shares in the last quarter. Institutional investors own 96.18% of the company’s stock.
Boise Cascade Price Performance
Shares of BCC stock opened at $76.38 on Friday. Boise Cascade has a 12-month low of $65.00 and a 12-month high of $91.97. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 1.07 and a beta of 1.08. The company has a quick ratio of 1.37, a current ratio of 2.77 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average of $72.46 and a 200-day moving average of $76.95.
Boise Cascade (NYSE:BCC – Get Free Report) last issued its quarterly earnings data on Monday, May 4th. The construction company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.43 by $0.07. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. Boise Cascade had a return on equity of 5.55% and a net margin of 1.73%.The firm’s revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.06 EPS. On average, equities research analysts forecast that Boise Cascade will post 3.83 earnings per share 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. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.88 annualized dividend and a dividend yield of 1.2%. Boise Cascade’s dividend payout ratio is currently 29.73%.
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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