Boise Cascade, L.L.C. (NYSE:BCC) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts' consensus: Six analysts rate Boise Cascade as a "Moderate Buy" (four buy, two hold) with an average 12‑month price target of $99.20, compared with a recent share price around $74.24.
• Earnings beat: The company reported Q earnings of $0.50 vs. $0.43 expected and revenue of $1.50B vs. $1.46B expected, although revenue was down 2.5% year‑over‑year.
• Dividend and ownership: Boise Cascade declared a quarterly dividend of $0.22 ($0.88 annual; 1.2% yield) and institutional investors own about 96.18% of the stock.

Boise Cascade, L.L.C. (NYSE:BCC - Get Free Report) has earned an average recommendation of "Moderate Buy" from the six ratings firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $99.20.

A number of brokerages have weighed in on BCC. Truist Financial decreased their price objective on shares of Boise Cascade from $103.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, April 15th. DA Davidson reiterated a "buy" rating and issued a $95.00 price objective on shares of Boise Cascade in a research report on Tuesday, February 24th. Weiss Ratings upgraded shares of Boise Cascade from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, March 30th. BMO Capital Markets restated an "outperform" rating on shares of Boise Cascade in a research report on Thursday, January 8th. Finally, Wall Street Zen upgraded shares of Boise Cascade from a "sell" rating to a "hold" rating in a research report on Saturday, February 28th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Salomon & Ludwin LLC acquired a new position in shares of Boise Cascade during the 3rd quarter worth about $28,000. Caitong International Asset Management Co. Ltd raised its position in shares of 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 worth $29,000 after purchasing an additional 259 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Boise Cascade by 77.5% during the 4th quarter. Fifth Third Bancorp now owns 410 shares of the construction company's stock worth $30,000 after purchasing an additional 179 shares during the last quarter. Hantz Financial Services Inc. raised its position in shares of Boise Cascade by 1,071.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 492 shares of the construction company's stock worth $38,000 after purchasing an additional 450 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of Boise Cascade during the 3rd quarter worth about $38,000. Institutional investors and hedge funds own 96.18% of the company's stock.

Boise Cascade Trading Down 5.0%

Shares of Boise Cascade stock opened at $74.24 on Tuesday. The firm has a 50-day simple moving average of $77.55 and a two-hundred day simple moving average of $77.14. The company has a market cap of $2.66 billion, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 1.13 and a beta of 1.15. Boise Cascade has a fifty-two week low of $65.14 and a fifty-two week high of $95.72. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.74 and a current ratio of 3.36.

Boise Cascade (NYSE:BCC - Get Free Report) last issued its quarterly earnings data on Monday, May 4th. The construction company reported $0.50 earnings per share 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 net margin of 2.07% and a return on equity of 6.54%. The company's revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.06 earnings per share. As a group, equities analysts predict that Boise Cascade will post 3.81 earnings per share for the current fiscal year.

Boise Cascade Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Monday, June 1st will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Monday, June 1st. Boise Cascade's dividend payout ratio is 25.00%.

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.

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