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

Shares of Boise Cascade, L.L.C. (NYSE:BCC) have earned an average rating of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $125.00.

A number of research firms have issued reports on BCC. DA Davidson reduced their target price on shares of Boise Cascade from $155.00 to $125.00 and set a “buy” rating on the stock in a report on Monday, February 24th. BMO Capital Markets reduced their target price on shares of Boise Cascade from $136.00 to $122.00 and set a “market perform” rating on the stock in a report on Tuesday, February 25th. Loop Capital cut their price objective on shares of Boise Cascade from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Truist Financial cut their price objective on shares of Boise Cascade from $134.00 to $118.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Finally, Benchmark reiterated a “hold” rating on shares of Boise Cascade in a report on Tuesday, February 25th.

Insider Activity at Boise Cascade

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

Institutional Trading of Boise Cascade

Large investors have recently bought and sold shares of the company. D.A. Davidson & CO. grew its position in Boise Cascade by 4.2% in the fourth quarter. D.A. Davidson & CO. now owns 3,267 shares of the construction company’s stock valued at $388,000 after acquiring an additional 133 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Boise Cascade by 50.8% in the first quarter. Assenagon Asset Management S.A. now owns 23,699 shares of the construction company’s stock valued at $2,325,000 after acquiring an additional 7,983 shares in the last quarter. Bank of New York Mellon Corp grew its position in Boise Cascade by 3.0% in the fourth quarter. Bank of New York Mellon Corp now owns 446,350 shares of the construction company’s stock valued at $53,053,000 after acquiring an additional 12,963 shares in the last quarter. Handelsbanken Fonder AB grew its position in Boise Cascade by 19.4% in the fourth quarter. Handelsbanken Fonder AB now owns 8,000 shares of the construction company’s stock valued at $951,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Boise Cascade by 2.6% in the fourth quarter. Principal Financial Group Inc. now owns 208,323 shares of the construction company’s stock valued at $24,761,000 after acquiring an additional 5,281 shares in the last quarter. Institutional investors and hedge funds own 96.18% of the company’s stock.

Boise Cascade Price Performance

Shares of NYSE BCC opened at $83.90 on Friday. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 3.64 and a beta of 1.36. Boise Cascade has a 52 week low of $83.60 and a 52 week high of $155.42. The company’s 50-day moving average price is $90.27 and its 200 day moving average price is $107.49. The company has a current ratio of 2.82, a quick ratio of 1.51 and a debt-to-equity ratio of 0.22.

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

Boise Cascade Dividend Announcement

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

About Boise Cascade

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.