Boise Cascade (NYSE:BCC) Downgraded by BMO Capital Markets to Market Perform

BMO Capital Markets lowered shares of Boise Cascade (NYSE:BCC) from an outperform rating to a market perform rating in a research note issued to investors on Thursday morning, MarketBeat reports. They currently have $88.00 price objective on the construction company’s stock, down from their prior price objective of $100.00.

BCC has been the subject of several other reports. The Goldman Sachs Group increased their target price on Boise Cascade from $81.00 to $91.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Truist Financial decreased their price target on shares of Boise Cascade from $97.00 to $86.00 and set a “buy” rating for the company in a research report on Wednesday. Weiss Ratings lowered shares of Boise Cascade from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. Zacks Research lowered shares of Boise Cascade from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Finally, Loop Capital cut shares of Boise Cascade from a “buy” rating to a “hold” rating and set a $85.00 price target on the stock. in a report on Monday, October 26th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Boise Cascade has an average rating of “Hold” and an average price target of $88.17.

Boise Cascade Trading Down 5.2%

NYSE:BCC opened at $73.89 on Thursday. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 1.01 and a beta of 1.08. Boise Cascade has a one year low of $65.00 and a one year high of $91.97. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.31 and a current ratio of 2.82. The business’s 50-day simple moving average is $75.98 and its 200 day simple moving average is $77.09.

Boise Cascade (NYSE:BCC) last issued its quarterly earnings data on Monday, November 2nd. The construction company reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.08). Boise Cascade had a net margin of 1.83% and a return on equity of 6.18%. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter last year, the business earned $0.58 EPS. Boise Cascade’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, sell-side analysts predict that Boise Cascade will post 3.86 earnings per share for the current fiscal year.

Boise Cascade Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Tuesday, December 1st will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, December 1st. Boise Cascade’s payout ratio is currently 31.19%.

Insiders Place Their Bets

In other Boise Cascade news, SVP Jill Twedt sold 1,250 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $79.40, for a total transaction of $99,250.00. Following the sale, the senior vice president owned 25,295 shares in the company, valued at $2,008,423. This represents a 4.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.42% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Boise Cascade

A number of institutional investors have recently made changes to their positions in BCC. Covestor Ltd lifted its holdings in Boise Cascade by 162.5% in the third quarter. Covestor Ltd now owns 504 shares of the construction company’s stock worth $38,000 after acquiring an additional 312 shares during the last quarter. Nykredit A S acquired a new position in Boise Cascade in the second quarter valued at approximately $69,000. Signaturefd LLC boosted its stake in Boise Cascade by 16.3% in the third quarter. Signaturefd LLC now owns 1,000 shares of the construction company’s stock valued at $74,000 after acquiring an additional 140 shares during the period. GAMMA Investing LLC grew its holdings in shares of Boise Cascade by 19.0% during the third quarter. GAMMA Investing LLC now owns 1,164 shares of the construction company’s stock valued at $86,000 after purchasing an additional 186 shares during the last quarter. Finally, Fulcrum Asset Management LLP grew its holdings in shares of Boise Cascade by 3,704.3% during the third quarter. Fulcrum Asset Management LLP now owns 1,750 shares of the construction company’s stock valued at $133,000 after purchasing an additional 1,704 shares during the last quarter. 96.18% of the stock is currently owned by institutional investors.

Key Boise Cascade News

Here are the key news stories impacting Boise Cascade this week:

• Positive Sentiment: Boise Cascade plans to acquire Taiga Building Products’ distribution facilities in Rocklin and Sanger, California. The deal would expand capacity and strengthen service across Northern and Central California, the California Coast, and Northern Nevada. Article: Boise Cascade to Acquire Two California Distribution Facilities from Taiga Building Products
• Neutral Sentiment: Truist lowered its price target to $86 from $97 but kept a Buy rating, signaling a reduced valuation outlook while still seeing potential upside. Article: Truist Securities Adjusts Price Target on Boise Cascade
• Negative Sentiment: BMO Capital Markets downgraded BCC from Outperform to Market Perform and cut its target to $88 from $100, adding to concerns about the stock’s near-term outlook. Article: BMO Capital Markets Stock Recommendations
• Negative Sentiment: Quarterly EPS missed the consensus estimate ($1.04 versus $1.12), although revenue exceeded estimates and grew year over year. Commentary also highlighted ongoing housing-market challenges, a potential headwind for demand. Article: Boise Cascade—Better Earnings, But Same Housing Problem in 3Q26

About Boise Cascade

Boise Cascade Company is a U.S.-based manufacturer of engineered wood products and a wholesale distributor of building materials. Headquartered in Boise, Idaho, the company serves the residential construction, repair and remodeling, and industrial sectors primarily across the United States.

Through its Wood Products segment, Boise Cascade manufactures laminated veneer lumber, I-joists, laminated strand lumber, plywood, and other engineered wood products used in floors, roofs, walls, and structural applications.