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

Boise Cascade (NYSE:BCC - Get Free Report) has been given an average rating of "Hold" by the seven analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $125.00.

A number of analysts have recently issued reports on BCC shares. DA Davidson dropped their target price 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. BMO Capital Markets dropped their target price on Boise Cascade from $136.00 to $122.00 and set a "market perform" rating on the stock in a research report on Tuesday, February 25th. Benchmark reissued a "hold" rating on shares of Boise Cascade in a report on Tuesday, February 25th. Truist Financial reduced their target price on Boise Cascade from $134.00 to $118.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, The Goldman Sachs Group lowered their price target on Boise Cascade from $145.00 to $126.00 and set a "neutral" rating for the company in a report on Tuesday, January 14th.

Insider Activity

In related news, COO Jeffrey Robert Strom sold 4,500 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $100.21, for a total transaction of $450,945.00. Following the transaction, the chief operating officer now directly owns 38,026 shares of the company's stock, valued at approximately $3,810,585.46. The trade was a 10.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kristopher J. Matula sold 553 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $103.16, for a total value of $57,047.48. Following the transaction, the director now directly owns 13,099 shares in the company, valued at $1,351,292.84. The trade was a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by company insiders.

Institutional Trading of Boise Cascade

A number of institutional investors have recently added to or reduced their stakes in BCC. R Squared Ltd acquired a new stake in Boise Cascade in the fourth quarter valued at approximately $29,000. Quarry LP lifted its stake in Boise Cascade by 502.4% in the fourth quarter. Quarry LP now owns 253 shares of the construction company's stock valued at $30,000 after acquiring an additional 211 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Boise Cascade by 338.5% in the first quarter. Farther Finance Advisors LLC now owns 478 shares of the construction company's stock valued at $47,000 after acquiring an additional 369 shares during the last quarter. Principal Securities Inc. lifted its stake in shares of Boise Cascade by 44.2% in the fourth quarter. Principal Securities Inc. now owns 473 shares of the construction company's stock worth $56,000 after buying an additional 145 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Boise Cascade by 93.7% in the first quarter. Blue Trust Inc. now owns 918 shares of the construction company's stock worth $90,000 after buying an additional 444 shares during the last quarter. 96.18% of the stock is currently owned by institutional investors and hedge funds.

Boise Cascade Stock Down 1.4 %

Shares of NYSE BCC traded down $1.34 during midday trading on Friday, reaching $93.16. 243,661 shares of the company's stock were exchanged, compared to its average volume of 327,440. Boise Cascade has a 52-week low of $87.84 and a 52-week high of $155.42. The stock has a market capitalization of $3.54 billion, a PE ratio of 9.74 and a beta of 1.52. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.92 and a current ratio of 3.34. The business's fifty day moving average price is $97.74 and its two-hundred day moving average price is $119.97.

Boise Cascade (NYSE:BCC - Get Free Report) last announced its earnings results on Thursday, February 20th. The construction company reported $1.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.79 by ($0.01). Boise Cascade had a return on equity of 17.04% and a net margin of 5.60%. The business had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.57 billion. Analysts forecast that Boise Cascade will post 10.15 EPS for the current year.

Boise Cascade Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Monday, February 24th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Monday, February 24th. Boise Cascade's dividend payout ratio is 8.79%.

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.