Boise Cascade (NYSE:BCC) Receives $125.00 Consensus Target Price from Analysts

Boise Cascade (NYSE:BCC - Get Free Report) has received a consensus recommendation of "Hold" from the seven brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $125.00.

BCC has been the subject of a number of research analyst reports. Loop Capital cut their price target on shares of Boise Cascade from $140.00 to $135.00 and set a "buy" rating for the company in a report on Monday, April 14th. Benchmark reissued a "hold" rating on shares of Boise Cascade in a report on Tuesday, February 25th. BMO Capital Markets cut their price target on shares of Boise Cascade from $136.00 to $122.00 and set a "market perform" rating for the company in a report on Tuesday, February 25th. Truist Financial cut their price target on shares of Boise Cascade from $134.00 to $118.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, DA Davidson cut their price target on shares of Boise Cascade from $155.00 to $125.00 and set a "buy" rating for the company in a report on Monday, February 24th.

Insider Transactions at Boise Cascade

In related news, EVP Joanna L. Barney sold 1,000 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president now owns 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jill Twedt sold 1,200 shares of the firm's stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 34,649 shares in the company, valued at approximately $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.

Hedge Funds Weigh In On Boise Cascade

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Strs Ohio bought a new position in Boise Cascade during the first quarter valued at approximately $1,069,000. Intech Investment Management LLC raised its position in shares of Boise Cascade by 13.4% in the first quarter. Intech Investment Management LLC now owns 41,941 shares of the construction company's stock valued at $4,114,000 after purchasing an additional 4,963 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Boise Cascade by 2.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 203,631 shares of the construction company's stock valued at $19,974,000 after purchasing an additional 3,978 shares during the period. United Services Automobile Association bought a new position in shares of Boise Cascade in the first quarter valued at approximately $258,000. Finally, Caxton Associates LLP bought a new position in shares of Boise Cascade in the first quarter valued at approximately $1,402,000. Institutional investors own 96.18% of the company's stock.

Boise Cascade Stock Performance

Shares of Boise Cascade stock traded down $2.57 during trading on Friday, hitting $85.47. 253,130 shares of the stock were exchanged, compared to its average volume of 326,746. The stock's fifty day moving average is $90.94 and its 200 day moving average is $108.51. The stock has a market cap of $3.22 billion, a PE ratio of 8.94 and a beta of 1.37. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.92 and a current ratio of 3.34. Boise Cascade has a 12 month low of $83.86 and a 12 month high of $155.42.

Boise Cascade (NYSE:BCC - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The construction company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.36 by ($0.30). The company 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 17.04% and a net margin of 5.60%. The business's revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.61 EPS. As a group, sell-side analysts anticipate that Boise Cascade will post 10.15 EPS for the current year.

Boise Cascade Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Monday, June 2nd. Boise Cascade's dividend payout ratio (DPR) is 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.