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 twelve months. There are currently 1 sell rating and 3 hold ratings 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 Wall Street analysts have issued 1-year target prices for Boise Cascade's shares. Their BCC share price forecasts range from $64.00 to $85.00. On average, they expect the company's stock price to reach $73.25 in the next twelve months. This suggests a possible upside of 18.7% 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 shares have decreased by 10.1% and is now trading at $61.70.
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Boise Cascade saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 987,300 shares, an increase of 8.3% from the February 28th total of 911,500 shares. Based on an average trading volume of 255,600 shares, the days-to-cover ratio is presently 3.9 days. Currently, 2.5% of the shares of the stock are sold short.
View Boise Cascade's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our BCC earnings forecast.

Boise Cascade (NYSE:BCC) posted its earnings results on Wednesday, February, 22nd. The construction company reported $2.95 earnings per share for the quarter, missing the consensus estimate of $2.97 by $0.02. The construction company earned $1.63 billion during the quarter, compared to analyst estimates of $1.78 billion. Boise Cascade had a trailing twelve-month return on equity of 46.02% and a net margin of 10.23%. The company's quarterly revenue was down 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.26 earnings per share.

Boise Cascade announced a quarterly dividend on Tuesday, February 7th. Shareholders of record on Wednesday, February 22nd will be given a dividend of $0.15 per share on Wednesday, March 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Tuesday, February 21st. This is a positive change from the stock's previous quarterly dividend of $0.12.
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), Pacer US Small Cap Cash Cows 100 ETF (CALF), Cambria Value and Momentum ETF (VAMO), Invesco S&P SmallCap Industrials ETF (PSCI), Invesco S&P SmallCap Quality ETF (XSHQ), Invesco S&P SmallCap Value with Momentum ETF (XSVM), Invesco S&P SmallCap 600 Pure Growth ETF (RZG) and Cambria Shareholder Yield ETF (SYLD).

Boise Cascade (NYSE:BCC) pays an annual dividend of $0.60 per share and currently has a dividend yield of 1.00%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 2.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BCC will have a dividend payout ratio of 7.96% 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 retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (6.62%), Macquarie Group Ltd. (5.28%), Geode Capital Management LLC (2.02%), Skandinaviska Enskilda Banken AB publ (1.57%), Norges Bank (1.33%) and Bank of America Corp DE (1.30%). Insiders that own company stock include Dean Michael Brown, Jill Twedt, Kelly E Hibbs, Mack L Hogans, Nick Stokes, Steven C Cooper, Thomas E Carlile 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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One share of BCC stock can currently be purchased for approximately $61.70.

Boise Cascade (NYSE:BCC) has a market capitalization of $2.43 billion and generates $8.39 billion in revenue each year. The construction company earns $857.66 million in net income (profit) each year or $21.57 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.