Boise Cascade, L.L.C. (NYSE:BCC) Receives $92.80 Average Target Price from Analysts

Shares of Boise Cascade, L.L.C. (NYSE:BCC) have earned a consensus rating of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $92.80.

BCC has been the topic of several analyst reports. Zacks Research upgraded Boise Cascade from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Truist Financial set a $97.00 price target on shares of Boise Cascade in a research report 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. Bank of America lifted their price objective on shares of Boise Cascade from $80.00 to $81.00 and gave the stock an “underperform” rating in a research report on Tuesday, July 14th. Finally, DA Davidson reduced their price objective on shares of Boise Cascade from $95.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th.

Insider Buying and Selling at Boise Cascade

In other news, SVP Jill Twedt sold 6,070 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $66.45, for a total value of $403,351.50. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.42% of the stock is owned by insiders.

Institutional Investors Weigh In On Boise Cascade

Several institutional investors have recently added to or reduced their stakes in BCC. Cerity Partners LLC increased its holdings in shares of Boise Cascade by 3.8% during the second quarter. Cerity Partners LLC now owns 3,274 shares of the construction company’s stock valued at $284,000 after acquiring an additional 121 shares in the last quarter. Raymond James Financial Inc. boosted its stake in Boise Cascade by 1.0% in the 2nd quarter. Raymond James Financial Inc. now owns 13,219 shares of the construction company’s stock worth $1,148,000 after purchasing an additional 126 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in Boise Cascade by 1.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 9,013 shares of the construction company’s stock worth $663,000 after purchasing an additional 163 shares during the last quarter. State of Alaska Department of Revenue grew its position in Boise Cascade by 0.8% during the 4th quarter. State of Alaska Department of Revenue now owns 21,171 shares of the construction company’s stock worth $1,558,000 after purchasing an additional 164 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in Boise Cascade by 77.5% during the 4th quarter. Fifth Third Bancorp now owns 410 shares of the construction company’s stock valued at $30,000 after purchasing an additional 179 shares in the last quarter. Institutional investors and hedge funds own 96.18% of the company’s stock.

Boise Cascade Stock Up 1.9%

Boise Cascade stock opened at $77.89 on Friday. 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 market cap of $2.74 billion, a P/E ratio of 26.31, a P/E/G ratio of 1.07 and a beta of 1.08. The business has a fifty day moving average of $72.70 and a two-hundred day moving average of $76.96. Boise Cascade has a twelve month low of $65.00 and a twelve month high of $91.97.

Boise Cascade (NYSE:BCC) last announced its quarterly earnings results on Monday, May 4th. The construction company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business’s revenue was down 2.5% compared to the same quarter last year. During the same period last year, the business posted $1.06 EPS. On average, analysts forecast that Boise Cascade will post 3.83 earnings per share for the current fiscal year.

Boise Cascade Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Monday, June 1st. 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.