Boise Cascade, L.L.C. (NYSE:BCC) Given Average Recommendation of “Moderate Buy” by Analysts

Boise Cascade, L.L.C. (NYSE:BCC) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $98.00.

A number of equities analysts recently commented on the company. Truist Financial set a $97.00 price target on Boise Cascade in a research note on Wednesday, May 6th. DA Davidson cut their target price on shares of Boise Cascade from $95.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Zacks Research raised shares of Boise Cascade from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings raised shares of Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 18th.

Boise Cascade Stock Down 0.0%

NYSE:BCC opened at $81.00 on Wednesday. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 1.21 and a beta of 1.09. Boise Cascade has a one year low of $65.00 and a one year high of $95.00. The stock has a 50-day simple moving average of $73.00 and a 200 day simple moving average of $76.84. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.37 and a current ratio of 2.77.

Boise Cascade (NYSE:BCC) last posted its quarterly earnings results on Monday, May 4th. The construction company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.07. The business had revenue of $1.50 billion during 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 company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the firm earned $1.06 earnings per share. Sell-side analysts predict that Boise Cascade will post 3.67 EPS for the current fiscal year.

Boise Cascade Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.88 dividend on an annualized basis and a yield of 1.1%. Boise Cascade’s dividend payout ratio (DPR) is currently 29.73%.

Insider Transactions at Boise Cascade

In other Boise Cascade news, SVP Jill Twedt sold 6,070 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $66.45, for a total value of $403,351.50. Following the transaction, the senior vice president owned 26,545 shares of the company’s stock, valued at $1,763,915.25. This trade represents a 18.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.42% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Boise Cascade

A number of large investors have recently bought and sold shares of the business. Cerity Partners LLC lifted 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 worth $284,000 after acquiring an additional 121 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of Boise Cascade by 1.0% during the second quarter. Raymond James Financial Inc. now owns 13,219 shares of the construction company’s stock valued at $1,148,000 after buying an additional 126 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Boise Cascade by 6.2% during the third quarter. PNC Financial Services Group Inc. now owns 2,726 shares of the construction company’s stock valued at $211,000 after buying an additional 158 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Boise Cascade by 1.8% during the fourth quarter. Harbor Capital Advisors Inc. now owns 9,013 shares of the construction company’s stock valued at $663,000 after buying an additional 163 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in shares of Boise Cascade by 0.8% during the fourth quarter. State of Alaska Department of Revenue now owns 21,171 shares of the construction company’s stock valued at $1,558,000 after buying an additional 164 shares during the last quarter. Institutional investors own 96.18% of the company’s stock.

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.