Boise Cascade (NYSE:BCC) Given New $140.00 Price Target at Loop Capital

Boise Cascade (NYSE:BCC) had its price target trimmed by Loop Capital from $145.00 to $140.00 in a research report report published on Monday,Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

A number of other equities research analysts have also recently issued reports on the stock. The Goldman Sachs Group dropped their price target on shares of Boise Cascade from $145.00 to $126.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Truist Financial lowered their price objective on Boise Cascade from $161.00 to $157.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, StockNews.com lowered shares of Boise Cascade from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Boise Cascade has a consensus rating of “Hold” and a consensus target price of $130.83.

Boise Cascade Price Performance

Shares of NYSE BCC opened at $103.66 on Monday. Boise Cascade has a fifty-two week low of $102.27 and a fifty-two week high of $155.42. The company has a market cap of $3.98 billion, a PE ratio of 10.84 and a beta of 1.57. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 3.13. The business has a 50-day simple moving average of $122.50 and a two-hundred day simple moving average of $132.18.

Boise Cascade (NYSE:BCC) last issued its quarterly earnings results on Thursday, February 20th. The construction company reported $1.78 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.01). The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.57 billion. Boise Cascade had a return on equity of 16.89% and a net margin of 5.60%. As a group, equities analysts expect that Boise Cascade will post 10.15 EPS for the current fiscal year.

Boise Cascade Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Monday, February 24th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Monday, February 24th. Boise Cascade’s dividend payout ratio is presently 8.79%.

Hedge Funds Weigh In On Boise Cascade

Hedge funds and other institutional investors have recently bought and sold shares of the company. Larson Financial Group LLC raised its holdings in shares of Boise Cascade by 23.9% in the third quarter. Larson Financial Group LLC now owns 378 shares of the construction company’s stock worth $53,000 after acquiring an additional 73 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in Boise Cascade by 4.6% in the third quarter. Sequoia Financial Advisors LLC now owns 1,757 shares of the construction company’s stock valued at $248,000 after purchasing an additional 78 shares during the period. Vise Technologies Inc. grew its stake in shares of Boise Cascade by 3.4% during the 4th quarter. Vise Technologies Inc. now owns 3,021 shares of the construction company’s stock valued at $359,000 after buying an additional 100 shares during the period. First Trust Direct Indexing L.P. increased its stake in Boise Cascade by 7.3% during the third quarter. First Trust Direct Indexing L.P. now owns 1,893 shares of the construction company’s stock worth $267,000 after acquiring an additional 128 shares during the last quarter. Finally, Invst LLC raised its holdings in Boise Cascade by 2.6% in the third quarter. Invst LLC now owns 5,060 shares of the construction company’s stock valued at $713,000 after buying an additional 128 shares during the period. 96.18% of the stock is owned by institutional investors and hedge funds.

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.