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

Shares of Boise Cascade, L.L.C. (NYSE:BCC - Get Free Report) have been given a consensus recommendation of "Hold" by the seven analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $125.00.

Several equities research analysts recently weighed in on the company. DA Davidson dropped their price target on Boise Cascade from $155.00 to $125.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Benchmark reaffirmed a "hold" rating on shares of Boise Cascade in a research report on Tuesday, February 25th. Loop Capital decreased their price target 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. Truist Financial dropped their price objective on shares of Boise Cascade from $134.00 to $118.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, BMO Capital Markets decreased their target price on shares of Boise Cascade from $136.00 to $122.00 and set a "market perform" rating for the company in a research note on Tuesday, February 25th.

Insider Transactions 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 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 now owns 34,649 shares in the company, valued at $3,049,458.49. The trade was a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Joanna L. Barney sold 1,000 shares of the stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $87.68, for a total value of $87,680.00. Following the sale, the executive vice president now directly owns 12,372 shares in the company, valued at $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. Insiders own 1.11% of the company's stock.

Hedge Funds Weigh In On Boise Cascade

A number of hedge funds have recently bought and sold shares of BCC. Norges Bank purchased a new position in shares of Boise Cascade during the fourth quarter valued at approximately $55,680,000. Westwood Holdings Group Inc. raised its stake in 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 valued at $147,067,000 after buying an additional 306,684 shares during the last quarter. First Trust Advisors LP lifted 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 valued at $84,691,000 after buying an additional 195,773 shares during the period. GAMMA Investing LLC grew its stake in shares of Boise Cascade by 15,650.6% during the 1st quarter. GAMMA Investing LLC now owns 143,015 shares of the construction company's stock valued at $14,028,000 after purchasing an additional 142,107 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Boise Cascade by 12.0% during the 4th quarter. American Century Companies Inc. now owns 1,134,364 shares of the construction company's stock valued at $134,831,000 after purchasing an additional 121,790 shares during the last quarter. Hedge funds and other institutional investors own 96.18% of the company's stock.

Boise Cascade Trading Down 2.1%

Shares of NYSE:BCC traded down $1.78 on Friday, hitting $84.04. The company had a trading volume of 265,665 shares, compared to its average volume of 326,310. The firm's 50-day simple moving average is $90.56 and its two-hundred day simple moving average is $107.65. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 10.49, a P/E/G ratio of 3.72 and a beta of 1.36. 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 1 year low of $83.72 and a 1 year high of $155.42.

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

Boise Cascade Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.84 annualized dividend and a yield of 1.00%. 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.