Boise Cascade, L.L.C. (NYSE:BCC) Receives $101.83 Consensus Target Price from Analysts

Boise Cascade, L.L.C. (NYSE:BCC) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $101.8333.

A number of brokerages recently commented on BCC. Wall Street Zen cut shares of Boise Cascade from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. DA Davidson reiterated a “buy” rating and issued a $95.00 price objective on shares of Boise Cascade in a report on Thursday, November 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of Boise Cascade in a research note on Monday, December 29th. The Goldman Sachs Group reduced their price target on Boise Cascade from $96.00 to $82.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Boise Cascade in a research note on Thursday, January 8th.

Institutional Investors Weigh In On Boise Cascade

A number of large investors have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC purchased a new stake in shares of Boise Cascade during the third quarter worth about $28,000. Caitong International Asset Management Co. Ltd increased its holdings in Boise Cascade by 231.3% 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 purchasing an additional 259 shares during the period. Huntington National Bank raised its position in Boise Cascade by 630.0% during the 2nd quarter. Huntington National Bank now owns 438 shares of the construction company’s stock valued at $38,000 after purchasing an additional 378 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in Boise Cascade by 1,071.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 492 shares of the construction company’s stock worth $38,000 after buying an additional 450 shares during the period. Finally, Advisory Services Network LLC bought a new stake in shares of Boise Cascade in the 3rd quarter worth approximately $38,000. Institutional investors own 96.18% of the company’s stock.

Boise Cascade Stock Performance

NYSE:BCC opened at $81.61 on Friday. Boise Cascade has a 1-year low of $65.14 and a 1-year high of $129.38. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.10 and a quick ratio of 1.69. The business has a 50 day moving average of $77.02 and a 200 day moving average of $78.84. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 16.13 and a beta of 1.27.

Boise Cascade (NYSE:BCC) last posted its quarterly earnings results on Monday, November 3rd. The construction company reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. Boise Cascade had a net margin of 2.96% and a return on equity of 9.00%. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period last year, the firm posted $2.33 earnings per share. The business’s revenue was down 2.7% compared to the same quarter last year. On average, sell-side analysts predict that Boise Cascade will post 10.15 earnings per share for the current fiscal year.

Boise Cascade Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, December 1st were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Monday, December 1st. Boise Cascade’s dividend payout ratio is currently 17.39%.

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.