FY2025 EPS Estimates for Boise Cascade Lowered by Analyst

Boise Cascade (NYSE:BCC) – Stock analysts at DA Davidson reduced their FY2025 EPS estimates for Boise Cascade in a research note issued to investors on Tuesday, February 25th. DA Davidson analyst K. Yinger now anticipates that the construction company will post earnings of $7.90 per share for the year, down from their prior estimate of $10.46. DA Davidson has a “Buy” rating and a $125.00 price target on the stock. The consensus estimate for Boise Cascade’s current full-year earnings is $10.15 per share.

BCC has been the topic of several other research reports. Truist Financial decreased their price objective on Boise Cascade from $157.00 to $134.00 and set a “buy” rating on the stock in a report on Monday. The Goldman Sachs Group decreased 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. Benchmark reissued a “hold” rating on shares of Boise Cascade in a report on Tuesday. Loop Capital reduced their price objective on shares of Boise Cascade from $145.00 to $140.00 and set a “buy” rating for the company in a report on Monday. Finally, StockNews.com cut shares of Boise Cascade from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $128.50.

Boise Cascade Stock Down 1.3 %

BCC stock opened at $102.71 on Thursday. Boise Cascade has a twelve month low of $102.17 and a twelve month high of $155.42. The company has a quick ratio of 1.92, a current ratio of 3.34 and a debt-to-equity ratio of 0.22. The company has a market cap of $3.90 billion, a PE ratio of 10.74 and a beta of 1.57. The business’s 50-day simple moving average is $121.11 and its 200 day simple moving average is $131.63.

Boise Cascade (NYSE:BCC) last posted its quarterly earnings results on Thursday, February 20th. The construction company reported $1.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.01). The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.57 billion. Boise Cascade had a return on equity of 17.04% and a net margin of 5.60%.

Hedge Funds Weigh In On Boise Cascade

Several institutional investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. acquired a new stake in shares of Boise Cascade in the third quarter valued at $28,000. R Squared Ltd bought a new stake in Boise Cascade during the 4th quarter worth about $29,000. Quarry LP increased its position in Boise Cascade by 502.4% in the 4th quarter. Quarry LP now owns 253 shares of the construction company’s stock valued at $30,000 after acquiring an additional 211 shares in the last quarter. Larson Financial Group LLC raised its stake 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. Finally, Principal Securities Inc. raised its stake in shares of Boise Cascade by 44.2% in the fourth quarter. Principal Securities Inc. now owns 473 shares of the construction company’s stock worth $56,000 after acquiring an additional 145 shares during the last quarter. Institutional investors own 96.18% of the company’s stock.

Insider Buying and Selling

In related news, Director Kristopher J. Matula sold 553 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $103.16, for a total transaction of $57,047.48. Following the sale, the director now directly owns 13,099 shares in the company, valued at $1,351,292.84. This represents a 4.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.98% of the stock is currently owned by corporate insiders.

Boise Cascade Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Monday, February 24th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Monday, February 24th. Boise Cascade’s payout ratio is 8.79%.

About Boise Cascade

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.