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

Boise Cascade, L.L.C. (NYSE:BCC - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the seven research firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $120.17.

BCC has been the subject of several recent analyst reports. Bank of America lowered their target price 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. Loop Capital lowered 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. Finally, 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.

Insider Buying and Selling at Boise Cascade

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

Institutional Trading of Boise Cascade

Several institutional investors have recently made changes to their positions in BCC. Quarry LP grew its stake in shares of Boise Cascade by 502.4% during the 4th quarter. Quarry LP now owns 253 shares of the construction company's stock valued at $30,000 after buying an additional 211 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Boise Cascade by 120.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 406 shares of the construction company's stock worth $40,000 after purchasing an additional 222 shares during the period. Farther Finance Advisors LLC boosted its position in Boise Cascade by 338.5% during the 1st quarter. Farther Finance Advisors LLC now owns 478 shares of the construction company's stock worth $47,000 after purchasing an additional 369 shares during the period. Blue Trust Inc. boosted its position in Boise Cascade by 93.7% during the 1st quarter. Blue Trust Inc. now owns 918 shares of the construction company's stock worth $90,000 after purchasing an additional 444 shares during the period. Finally, Curat Global LLC purchased a new stake in Boise Cascade during the 1st quarter worth $122,000. 96.18% of the stock is owned by hedge funds and other institutional investors.

Boise Cascade Price Performance

Shares of Boise Cascade stock traded up $2.05 during trading on Wednesday, hitting $94.42. 89,461 shares of the company were exchanged, compared to its average volume of 324,412. The company has a quick ratio of 1.51, a current ratio of 2.82 and a debt-to-equity ratio of 0.22. Boise Cascade has a fifty-two week low of $83.60 and a fifty-two week high of $155.42. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 11.79, a P/E/G ratio of 3.92 and a beta of 1.34. The firm has a 50 day moving average price of $88.94 and a 200 day moving average price of $102.42.

Boise Cascade (NYSE:BCC - Get Free Report) last released its 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 firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. Boise Cascade had a return on equity of 14.36% and a net margin of 4.72%. The firm's revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.61 earnings per share. On average, equities analysts expect that Boise Cascade will post 10.15 earnings per share for the current fiscal year.

Boise Cascade Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.84 annualized dividend and a dividend yield of 0.89%. Boise Cascade's dividend payout ratio is presently 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.