Boise Cascade, L.L.C. (BCC) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analyst sentiment is mixed: Boise Cascade has an average “Hold” rating from eight analysts, with three buys, four holds, and one sell. The average 12-month price target is $92, compared with a recent share price of $75.31.
• The company exceeded quarterly expectations, reporting EPS of $1.63 versus the $1.23 consensus and revenue of $1.83 billion. Revenue increased 5.2% year over year, while analysts expect full-year EPS of $3.86.
• Institutional investors own a substantial 96.18% of outstanding shares, while two insiders recently sold stock. Boise Cascade also raised its quarterly dividend to $0.23 per share, implying a 1.2% annual yield.

Boise Cascade, L.L.C. (NYSE:BCC - Get Free Report) has earned an average rating of "Hold" from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given 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 $92.00.

Several research firms recently commented on BCC. The Goldman Sachs Group increased their target price on shares of Boise Cascade from $81.00 to $91.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Zacks Research lowered shares of Boise Cascade from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 17th. Wall Street Zen raised Boise Cascade from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Bank of America cut their price objective on Boise Cascade from $89.00 to $80.00 and set an "underperform" rating for the company in a research report on Wednesday, October 14th. Finally, Loop Capital lowered Boise Cascade from a "buy" rating to a "hold" rating and set a $85.00 price objective for the company. in a research note on Monday.

Insider Buying and Selling at Boise Cascade

In other news, SVP Jill Twedt sold 1,250 shares of the company's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $79.40, for a total transaction of $99,250.00. Following the completion of the sale, the senior vice president directly owned 25,295 shares of the company's stock, valued at $2,008,423. This represents a 4.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kristopher Matula sold 1,930 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total value of $163,239.40. Following the completion of the transaction, the director owned 13,982 shares of the company's stock, valued at $1,182,597.56. This trade represents a 12.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.42% of the company's stock.

Institutional Trading of Boise Cascade

Hedge funds have recently bought and sold shares of the company. Signaturefd LLC raised its holdings in shares of Boise Cascade by 16.3% during the third quarter. Signaturefd LLC now owns 1,000 shares of the construction company's stock valued at $74,000 after acquiring an additional 140 shares during the period. Fifth Third Wealth Advisors LLC acquired a new position in Boise Cascade in the 3rd quarter worth approximately $370,000. James Investment Research Inc. boosted its stake in Boise Cascade by 12.1% in the 3rd quarter. James Investment Research Inc. now owns 18,552 shares of the construction company's stock worth $1,376,000 after purchasing an additional 2,000 shares during the period. Nisa Investment Advisors LLC grew its position in Boise Cascade by 23.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,209 shares of the construction company's stock worth $238,000 after purchasing an additional 599 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new position in Boise Cascade during the 3rd quarter worth approximately $254,000. 96.18% of the stock is owned by hedge funds and other institutional investors.

Boise Cascade Price Performance

Shares of Boise Cascade stock opened at $75.31 on Tuesday. Boise Cascade has a 52 week low of $65.00 and a 52 week high of $91.97. The company has a current ratio of 2.71, a quick ratio of 1.31 and a debt-to-equity ratio of 0.24. The stock has a market cap of $2.63 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 1.01 and a beta of 1.08. The company's 50-day moving average price is $76.85 and its two-hundred day moving average price is $77.33.

Boise Cascade (NYSE:BCC - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The construction company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.40. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.77 billion. Boise Cascade had a net margin of 1.64% and a return on equity of 5.41%. The business's revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.64 EPS. As a group, sell-side analysts anticipate that Boise Cascade will post 3.86 EPS for the current fiscal year.

Boise Cascade Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from Boise Cascade's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Tuesday, September 1st. Boise Cascade's payout ratio is presently 31.19%.

Boise Cascade Company Profile

Boise Cascade Company is a U.S.-based manufacturer of engineered wood products and a wholesale distributor of building materials. Headquartered in Boise, Idaho, the company serves the residential construction, repair and remodeling, and industrial sectors primarily across the United States.

Through its Wood Products segment, Boise Cascade manufactures laminated veneer lumber, I-joists, laminated strand lumber, plywood, and other engineered wood products used in floors, roofs, walls, and structural applications.

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