Boise Cascade, L.L.C. (NYSE:BCC) Receives $116.00 Average PT from Brokerages

Key Points

• Analysts have given Boise Cascade, L.L.C. a consensus rating of "Moderate Buy", with an average twelve-month target price of $116.00.
• The company recently experienced insider trades, with senior executives reducing their stakes; notably, SVP Jill Twedt sold 1,200 shares, reflecting a 3.35% decrease in her position.
• Boise Cascade declared a quarterly dividend of $0.22, up from $0.21, which will be paid on September 17th, representing an annual yield of 1.1%.

Boise Cascade, L.L.C. (NYSE:BCC - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $116.00.

BCC has been the topic of a number of recent analyst reports. DA Davidson reduced their price target on shares of Boise Cascade from $115.00 to $100.00 and set a "buy" rating on the stock in a research report on Friday, July 18th. Bank of America reduced their target price on Boise Cascade from $111.00 to $107.00 and set a "buy" rating on the stock in a report on Wednesday, July 9th. Loop Capital lowered their price target on Boise Cascade from $140.00 to $135.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Truist Financial cut their price objective on Boise Cascade from $114.00 to $106.00 and set a "buy" rating on the stock in a report on Tuesday, July 8th.

Insider Buying and Selling at Boise Cascade

In other news, EVP Joanna L. Barney sold 1,000 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $87.68, for a total transaction of $87,680.00. Following the completion of the sale, the executive vice president directly owned 12,372 shares of the company's stock, valued at $1,084,776.96. The trade was a 7.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jill Twedt sold 1,200 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $88.01, for a total value of $105,612.00. Following the completion of the transaction, the senior vice president owned 34,649 shares in the company, valued at $3,049,458.49. The trade was a 3.35% decrease in their position. The disclosure for this sale can be found here. 1.11% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Boise Cascade by 1.6% in the first quarter. Vanguard Group Inc. now owns 4,422,544 shares of the construction company's stock valued at $433,807,000 after acquiring an additional 70,231 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Boise Cascade by 1.4% during the first quarter. Wellington Management Group LLP now owns 2,629,978 shares of the construction company's stock valued at $257,975,000 after purchasing an additional 35,639 shares in the last quarter. Westwood Holdings Group Inc. raised its holdings in Boise Cascade by 25.7% in the first quarter. Westwood Holdings Group Inc. now owns 1,499,305 shares of the construction company's stock worth $147,067,000 after purchasing an additional 306,684 shares in the last quarter. American Century Companies Inc. grew its holdings in Boise Cascade by 8.1% in the first quarter. American Century Companies Inc. now owns 1,226,383 shares of the construction company's stock worth $120,296,000 after purchasing an additional 92,019 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Boise Cascade by 37.9% during the fourth quarter. First Trust Advisors LP now owns 712,527 shares of the construction company's stock valued at $84,691,000 after purchasing an additional 195,773 shares in the last quarter. Institutional investors own 96.18% of the company's stock.

Boise Cascade Stock Performance

Shares of NYSE:BCC traded up $4.51 during trading on Friday, hitting $87.22. 854,268 shares of the stock were exchanged, compared to its average volume of 361,285. Boise Cascade has a 1-year low of $80.30 and a 1-year high of $155.42. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 4.03 and a beta of 1.28. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.51 and a current ratio of 2.82. The company's fifty day simple moving average is $87.58 and its 200-day simple moving average is $97.74.

Boise Cascade (NYSE:BCC - Get Free Report) last posted its earnings results on Monday, August 4th. The construction company reported $1.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.69 by ($0.05). The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.76 billion. Boise Cascade had a net margin of 4.00% and a return on equity of 12.29%. The business's revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.84 EPS. Sell-side analysts expect that Boise Cascade will post 10.15 EPS for the current fiscal year.

Boise Cascade Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, September 2nd. This is a positive change from Boise Cascade's previous quarterly dividend of $0.21. Boise Cascade's dividend payout ratio (DPR) is 10.49%.

Boise Cascade Company Profile

Boise Cascade Company engages in manufacture of wood products and distribution of building materials in the United States and Canada. It operates through two segments, Wood Products and Building Materials Distribution. The Wood Products segment manufactures laminated veneer lumber and laminated beams used in headers and beams; I-joists for residential and commercial flooring and roofing systems, and other structural applications; structural, appearance, and industrial plywood panels; and ponderosa pine shop lumber and appearance grade boards.