Boise Cascade (NYSE:BCC) Hits New 1-Year Low - Time to Sell?

Boise Cascade, L.L.C. (NYSE:BCC - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $83.72 and last traded at $84.04, with a volume of 265661 shares trading hands. The stock had previously closed at $85.82.

Analyst Ratings Changes

A number of research firms have weighed in on BCC. Benchmark reissued a "hold" rating on shares of Boise Cascade in a research note on Tuesday, February 25th. BMO Capital Markets cut their price target on 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 lowered their price objective on Boise Cascade from $134.00 to $118.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Loop Capital cut their target price on 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, DA Davidson reduced their price target on Boise Cascade from $155.00 to $125.00 and set a "buy" rating on the stock in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Boise Cascade currently has an average rating of "Hold" and an average price target of $125.00.

Boise Cascade Stock Up 2.3%

The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 3.64 and a beta of 1.36. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.82 and a quick ratio of 1.51. The business has a fifty day moving average of $90.05 and a 200 day moving average of $107.05.

Boise Cascade (NYSE:BCC - Get Free Report) last announced 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 net margin of 4.72% and a return on equity of 14.36%. The business's revenue for the quarter was down 6.6% on a year-over-year basis. During the same period last year, the company earned $2.61 EPS. As a group, equities analysts predict that Boise Cascade, L.L.C. will post 10.15 earnings per share for the current year.

Boise Cascade Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.98%. The ex-dividend date was Monday, June 2nd. Boise Cascade's dividend payout ratio (DPR) is presently 10.49%.

Insider Buying and Selling at Boise Cascade

In other news, 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 sale, the executive vice president now owns 12,372 shares of the company's stock, valued at approximately $1,084,776.96. This represents a 7.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jill Twedt sold 1,200 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $88.01, for a total transaction of $105,612.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.98% of the company's stock.

Hedge Funds Weigh In On Boise Cascade

Several hedge funds and other institutional investors 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 first quarter. Vanguard Group Inc. now owns 4,422,544 shares of the construction company's stock worth $433,807,000 after buying an additional 70,231 shares during the period. Wellington Management Group LLP grew its stake in shares of Boise Cascade by 1.4% during the first 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 holdings in 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 buying an additional 306,684 shares during the last quarter. American Century Companies Inc. raised its stake in Boise Cascade by 8.1% in 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, First Trust Advisors LP raised its stake in Boise Cascade by 37.9% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 96.18% of the company's stock.

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.