Boise Cascade (BCC) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Boise Cascade in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" BCC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BCC, but not buy additional shares or sell existing shares.
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4 equities research analysts have issued 12-month price objectives for Boise Cascade's stock. Their BCC share price forecasts range from $65.00 to $129.00. On average, they expect the company's stock price to reach $103.00 in the next twelve months. This suggests a possible upside of 3.2% from the stock's current price.
View analysts price targets for BCC or view top-rated stocks among Wall Street analysts.

Boise Cascade's stock was trading at $68.67 at the beginning of the year. Since then, BCC stock has increased by 45.3% and is now trading at $99.77.
View the best growth stocks for 2023 here.

Boise Cascade saw a increase in short interest in August. As of August 31st, there was short interest totaling 899,300 shares, an increase of 16.3% from the August 15th total of 773,500 shares. Based on an average trading volume of 348,300 shares, the short-interest ratio is currently 2.6 days. Approximately 2.3% of the company's stock are sold short.
View Boise Cascade's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
View our BCC earnings forecast.

Boise Cascade (NYSE:BCC) posted its quarterly earnings results on Tuesday, August, 1st. The construction company reported $3.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $1.13. The construction company had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.71 billion. Boise Cascade had a net margin of 8.12% and a trailing twelve-month return on equity of 27.77%. Boise Cascade's revenue was down 20.3% compared to the same quarter last year. During the same period in the prior year, the business earned $5.49 EPS.

Boise Cascade declared a quarterly dividend on Thursday, July 27th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.20 per share on Friday, September 15th. This represents a $0.80 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, August 31st. This is a positive change from the stock's previous quarterly dividend of $0.15.
Read our dividend analysis for BCC.

ETFs with the largest weight of Boise Cascade (NYSE:BCC) stock in their portfolio include The Acquirers Fund (ZIG), Cambria Value and Momentum ETF (VAMO), Pacer US Small Cap Cash Cows 100 ETF (CALF), Invesco S&P SmallCap Industrials ETF (PSCI), Euclidean Fundamental Value ETF (ECML), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), ETC 6 Meridian Small Cap Equity ETF (SIXS) and Invesco S&P SmallCap Quality ETF (XSHQ).

Boise Cascade (NYSE:BCC) pays an annual dividend of $0.80 per share and currently has a dividend yield of 0.80%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 5.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BCC will have a dividend payout ratio of 7.46% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BCC.

3 employees have rated Boise Cascade Chief Executive Officer Nate Jorgensen on Glassdoor.com. Nate Jorgensen has an approval rating of 100% among the company's employees. This puts Nate Jorgensen in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Boise Cascade investors own include BCE (BCE), Activision Blizzard (ATVI), Weyerhaeuser (WY), Advanced Micro Devices (AMD), Micron Technology (MU), NVIDIA (NVDA), Alibaba Group (BABA), Walmart (WMT) and AbbVie (ABBV).

Boise Cascade trades on the New York Stock Exchange (NYSE) under the ticker symbol "BCC."

Boise Cascade's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (16.17%), Dimensional Fund Advisors LP (6.90%), State Street Corp (3.52%), Acadian Asset Management LLC (3.27%), Westwood Holdings Group Inc. (2.19%) and Geode Capital Management LLC (2.05%). Insiders that own company stock include Dean Michael Brown, Jeffrey Robert Strom, Jill Twedt, Kelly E Hibbs, Kristopher J Matula, Mack L Hogans, Steven C Cooper, Sue Ying Taylor, Sue Ying Taylor and Wayne M Rancourt.
View institutional ownership trends.

Shares of BCC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BCC stock can currently be purchased for approximately $99.77.

Boise Cascade (NYSE:BCC) has a market capitalization of $3.95 billion and generates $8.39 billion in revenue each year. The construction company earns $857.66 million in net income (profit) each year or $14.57 on an earnings per share basis.

The company employs 6,780 workers across the globe.

Boise Cascade's mailing address is 1111 WEST JEFFERSON STREET SUITE 300, BOISE ID, 83702. The official website for the company is www.bc.com. The construction company can be reached via phone at (208) 384-6161 or via email at investor@bc.com.