Boise Cascade, L.L.C. (NYSE:BCC) Receives $116.00 Average Target Price from Analysts

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%.

Shares of Boise Cascade, L.L.C. (NYSE:BCC - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seven research firms that are currently covering the company, Marketbeat.com reports. Three equities research 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 updated their coverage on the stock in the last year is $112.8333.

A number of brokerages have commented on BCC. DA Davidson dropped their price objective 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. BMO Capital Markets dropped their price objective on Boise Cascade from $114.00 to $108.00 and set a "market perform" rating on the stock in a report on Thursday. Truist Financial lowered their price target on Boise Cascade from $106.00 to $101.00 and set a "buy" rating for the company in a report on Thursday. Bank of America cut their price objective on shares of Boise Cascade from $111.00 to $107.00 and set a "buy" rating on the stock in a report on Wednesday, July 9th. Finally, Loop Capital dropped their target price on shares of Boise Cascade from $140.00 to $135.00 and set a "buy" rating on the stock in a research report on Monday, April 14th.

Insider Transactions at Boise Cascade

In related news, SVP Jill Twedt sold 1,200 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $88.01, for a total value of $105,612.00. Following the completion of the sale, the senior vice president owned 34,649 shares in the company, valued at $3,049,458.49. This trade represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Joanna L. Barney sold 1,000 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $87.68, for a total value of $87,680.00. Following the transaction, the executive vice president directly owned 12,372 shares of the company's stock, valued at approximately $1,084,776.96. This trade represents a 7.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.98% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Westwood Holdings Group Inc. lifted its holdings in shares of 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 valued at $147,067,000 after purchasing an additional 306,684 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Boise Cascade by 37.9% during the 4th quarter. First Trust Advisors LP now owns 712,527 shares of the construction company's stock worth $84,691,000 after buying an additional 195,773 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Boise Cascade by 15,650.6% in the 1st quarter. GAMMA Investing LLC now owns 143,015 shares of the construction company's stock worth $14,028,000 after purchasing an additional 142,107 shares during the period. American Century Companies Inc. lifted its position in Boise Cascade by 8.1% during the first quarter. American Century Companies Inc. now owns 1,226,383 shares of the construction company's stock valued at $120,296,000 after buying an additional 92,019 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Boise Cascade in the 1st quarter valued at $8,617,000. Hedge funds and other institutional investors own 96.18% of the company's stock.

Boise Cascade Trading Up 0.2%

Shares of BCC stock traded up $0.15 on Friday, hitting $83.07. The stock had a trading volume of 182,298 shares, compared to its average volume of 354,544. The firm has a market capitalization of $3.10 billion, a P/E ratio of 12.19, a P/E/G ratio of 4.23 and a beta of 1.28. Boise Cascade has a 1 year low of $80.30 and a 1 year high of $155.42. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.96 and a quick ratio of 1.51. The company's 50 day moving average price is $87.50 and its 200-day moving average price is $97.64.

Boise Cascade (NYSE:BCC - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The construction company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.69 by ($0.05). The business had revenue of $1.74 billion during the quarter, compared to analysts' expectations of $1.76 billion. Boise Cascade had a net margin of 4.00% and a return on equity of 12.26%. The business's quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.84 EPS. Analysts anticipate that Boise Cascade will post 10.15 earnings per share for the current year.

Boise Cascade Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd will be issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a positive change from Boise Cascade's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.1%. Boise Cascade's dividend payout ratio is currently 10.49%.

About Boise Cascade

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.