Boise Cascade Stock Price, News & Analysis (NYSE:BCC)

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Boise Cascade in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 Wall Street analysts have issued 1 year price targets for Boise Cascade's shares. Their BCC share price targets range from $98.00 to $126.00. On average, they expect the company's stock price to reach $111.00 in the next year. This suggests that the stock has a possible downside of 2.7%.
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Boise Cascade's stock was trading at $68.67 at the beginning of the year. Since then, BCC stock has increased by 66.1% and is now trading at $114.05.
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Boise Cascade saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 850,800 shares, a decline of 17.4% from the October 31st total of 1,030,000 shares. Based on an average trading volume of 311,000 shares, the short-interest ratio is presently 2.7 days. Currently, 2.2% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024.
View our BCC earnings forecast.

Boise Cascade (NYSE:BCC) released its quarterly earnings data on Tuesday, October, 31st. The construction company reported $3.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.11. The construction company earned $1.83 billion during the quarter, compared to analysts' expectations of $1.85 billion. Boise Cascade had a net margin of 7.38% and a trailing twelve-month return on equity of 23.21%. The company's revenue for the quarter was down 14.9% compared to the same quarter last year. During the same period last year, the company earned $5.52 EPS.

Boise Cascade declared a None dividend on Thursday, October 26th. Investors of record on Friday, December 1st will be paid a dividend of $5.20 per share on Friday, December 15th. This represents a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from the stock's previous None dividend of $1.15.
Read our dividend analysis for BCC.

Boise Cascade (NYSE:BCC) pays an annual dividend of $0.80 per share and currently has a dividend yield of 0.71%. 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 6.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BCC will have a dividend payout ratio of 7.34% next year. This indicates that the company will be able to sustain or increase its dividend.
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).

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's stock is owned by a variety of retail and institutional investors. Top institutional investors include Acadian Asset Management LLC (3.72%), Wellington Management Group LLP (3.41%), American Century Companies Inc. (1.77%), Northern Trust Corp (1.46%), Bank of New York Mellon Corp (1.38%) and Skandinaviska Enskilda Banken AB publ (1.19%). 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.
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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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