Boise Cascade, L.L.C. (NYSE:BCC) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Boise Cascade, L.L.C. (NYSE:BCC) have been assigned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $101.8333.

Several research analysts recently commented on BCC shares. DA Davidson restated a “buy” rating and issued a $95.00 price target on shares of Boise Cascade in a report on Thursday, November 20th. The Goldman Sachs Group cut their target price on shares of Boise Cascade from $96.00 to $82.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. Wall Street Zen cut shares of Boise Cascade from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. BMO Capital Markets reissued an “outperform” rating on shares of Boise Cascade in a research report on Thursday, January 8th. Finally, Truist Financial upped their target price on Boise Cascade from $88.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th.

Institutional Trading of Boise Cascade

Several large investors have recently bought and sold shares of the company. State of New Jersey Common Pension Fund D raised its stake in shares of Boise Cascade by 29.9% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 32,645 shares of the construction company’s stock valued at $2,403,000 after purchasing an additional 7,523 shares during the period. ARGA Investment Management LP increased its stake in Boise Cascade by 22.4% during the 4th quarter. ARGA Investment Management LP now owns 23,739 shares of the construction company’s stock worth $1,747,000 after buying an additional 4,350 shares during the period. James Investment Research Inc. lifted its holdings in Boise Cascade by 47.3% in the 4th quarter. James Investment Research Inc. now owns 12,697 shares of the construction company’s stock worth $934,000 after buying an additional 4,075 shares in the last quarter. Quent Capital LLC purchased a new position in Boise Cascade in the 4th quarter valued at about $806,000. Finally, Peregrine Capital Management LLC grew its stake in shares of Boise Cascade by 33.3% during the fourth quarter. Peregrine Capital Management LLC now owns 187,259 shares of the construction company’s stock valued at $13,782,000 after acquiring an additional 46,802 shares in the last quarter. Institutional investors and hedge funds own 96.18% of the company’s stock.

Boise Cascade Price Performance

Shares of Boise Cascade stock opened at $80.82 on Friday. The business’s fifty day moving average price is $77.69 and its 200 day moving average price is $78.75. Boise Cascade has a twelve month low of $65.14 and a twelve month high of $127.86. The company has a current ratio of 3.10, a quick ratio of 1.69 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $2.99 billion, a P/E ratio of 15.97 and a beta of 1.27.

Boise Cascade (NYSE:BCC) last announced 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. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.64 billion. Boise Cascade had a return on equity of 9.00% and a net margin of 2.96%.The firm’s revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.33 earnings per share. As a group, research analysts anticipate that Boise Cascade will post 10.15 earnings per share for the current year.

About Boise Cascade

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.