Brokerages Set Boise Cascade, L.L.C. (NYSE:BCC) Target Price at $123.00

Boise Cascade, L.L.C. (NYSE:BCC - Get Free Report) has received a consensus rating of "Moderate Buy" from the seven analysts that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $120.17.

BCC has been the subject of a number of analyst reports. Truist Financial lowered their target price on shares of Boise Cascade from $114.00 to $106.00 and set a "buy" rating for the company in a research note on Tuesday. Bank of America decreased their price objective on shares of Boise Cascade from $111.00 to $107.00 and set a "buy" rating for the company in a research note on Wednesday. Finally, Loop Capital decreased their target price on shares of Boise Cascade from $140.00 to $135.00 and set a "buy" rating for the company in a research note on Monday, April 14th.

Insider Transactions at Boise Cascade

In other Boise Cascade news, SVP Jill Twedt sold 1,200 shares of the 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 transaction, the senior vice president directly owned 34,649 shares of the company's stock, valued at approximately $3,049,458.49. This trade represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Joanna L. Barney sold 1,000 shares of the 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 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 1.11% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BCC. Vanguard Group Inc. increased its stake in shares of Boise Cascade by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 4,422,544 shares of the construction company's stock worth $433,807,000 after purchasing an additional 70,231 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Boise Cascade by 1.4% during the 1st quarter. Wellington Management Group LLP now owns 2,629,978 shares of the construction company's stock worth $257,975,000 after purchasing an additional 35,639 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in shares of Boise Cascade by 25.7% during the 1st 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. increased its stake in shares of Boise Cascade by 8.1% during the 1st 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 in the last quarter. Finally, First Trust Advisors LP increased its stake 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 purchasing an additional 195,773 shares in the last quarter. 96.18% of the stock is owned by hedge funds and other institutional investors.

Boise Cascade Stock Up 2.4%

Shares of NYSE:BCC traded up $2.17 during trading on Wednesday, hitting $92.50. The company's stock had a trading volume of 423,724 shares, compared to its average volume of 325,348. The business has a 50 day moving average price of $88.96 and a two-hundred day moving average price of $102.48. The company has a market capitalization of $3.48 billion, a PE ratio of 11.55, a P/E/G ratio of 3.90 and a beta of 1.34. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.51 and a current ratio of 2.82. Boise Cascade has a fifty-two week low of $83.60 and a fifty-two week high of $155.42.

Boise Cascade (NYSE:BCC - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The construction company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.36 by ($0.30). The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. Boise Cascade had a return on equity of 14.36% and a net margin of 4.72%. The business's revenue was down 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.61 EPS. As a group, research analysts expect that Boise Cascade will post 10.15 EPS for the current fiscal year.

Boise Cascade Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd were issued a $0.21 dividend. The ex-dividend date was Monday, June 2nd. This represents a $0.84 dividend on an annualized basis and a yield of 0.91%. Boise Cascade's dividend payout ratio (DPR) is presently 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.