Analysts Set Boise Cascade (NYSE:BCC) Price Target at $139.60

Shares of Boise Cascade (NYSE:BCC) have received an average rating of “Hold” from the five analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $139.60.

Several research firms recently commented on BCC. StockNews.com downgraded Boise Cascade from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Loop Capital assumed coverage on Boise Cascade in a research report on Friday, November 1st. They set a “buy” rating and a $155.00 target price for the company. BMO Capital Markets increased their price target on shares of Boise Cascade from $130.00 to $136.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Truist Financial raised their price objective on Boise Cascade from $154.00 to $161.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Bank of America boosted their price target on shares of Boise Cascade from $120.00 to $124.00 and gave the stock an “underperform” rating in a research note on Thursday, September 12th.

Boise Cascade Stock Performance

Shares of Boise Cascade stock opened at $122.24 on Friday. The company has a quick ratio of 1.90, a current ratio of 3.13 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average price of $139.42 and a 200-day moving average price of $133.58. Boise Cascade has a 52 week low of $113.89 and a 52 week high of $155.42. The company has a market cap of $4.69 billion, a PE ratio of 11.96 and a beta of 1.53.

Boise Cascade (NYSE:BCC) last posted its earnings results on Monday, November 4th. The construction company reported $2.33 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.04). The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.72 billion. Boise Cascade had a return on equity of 18.24% and a net margin of 5.95%. Boise Cascade’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the business earned $3.58 EPS. Equities analysts anticipate that Boise Cascade will post 9.57 earnings per share for the current fiscal year.

Boise Cascade Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, December 2nd were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.69%. The ex-dividend date was Monday, December 2nd. Boise Cascade’s dividend payout ratio (DPR) is currently 8.22%.

Institutional Trading of Boise Cascade

Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in Boise Cascade by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,813,447 shares of the construction company’s stock worth $335,419,000 after purchasing an additional 22,053 shares during the period. Westwood Holdings Group Inc. raised its holdings in shares of Boise Cascade by 107.7% during the second quarter. Westwood Holdings Group Inc. now owns 1,117,914 shares of the construction company’s stock valued at $133,278,000 after purchasing an additional 579,759 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Boise Cascade by 2.4% during the 2nd quarter. American Century Companies Inc. now owns 897,137 shares of the construction company’s stock valued at $106,957,000 after buying an additional 21,030 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Boise Cascade by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 437,509 shares of the construction company’s stock valued at $61,680,000 after acquiring an additional 9,128 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Boise Cascade by 46.0% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 383,000 shares of the construction company’s stock worth $45,661,000 after buying an additional 120,600 shares during the last quarter. 96.18% of the stock is owned by institutional investors.

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.