Boise Cascade (NYSE:BCC) Given Consensus Rating of “Hold” by Analysts

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

A number of brokerages recently commented on BCC. Truist Financial decreased their target price on Boise Cascade from $161.00 to $157.00 and set a “buy” rating for the company in a report on Monday, January 6th. BMO Capital Markets raised their target price on Boise Cascade from $130.00 to $136.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Loop Capital started coverage on Boise Cascade in a research note on Friday, November 1st. They issued a “buy” rating and a $155.00 price target on the stock. The Goldman Sachs Group lowered their price objective on Boise Cascade from $145.00 to $126.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Finally, StockNews.com cut shares of Boise Cascade from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th.

Boise Cascade Trading Up 1.0 %

NYSE:BCC opened at $129.26 on Wednesday. The firm has a market capitalization of $4.96 billion, a P/E ratio of 12.65 and a beta of 1.58. 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 company has a fifty day moving average of $132.47 and a 200 day moving average of $133.44. Boise Cascade has a 52 week low of $113.38 and a 52 week high of $155.42.

Boise Cascade (NYSE:BCC) last issued its quarterly earnings data 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 net margin of 5.95% and a return on equity of 18.24%. The business’s revenue was down 6.6% on a year-over-year basis. During the same period last year, the company posted $3.58 earnings per share. On average, research analysts predict that Boise Cascade will post 9.6 earnings per share for the current year.

Boise Cascade Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.21 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.84 annualized dividend and a dividend yield of 0.65%. Boise Cascade’s payout ratio is presently 8.22%.

Hedge Funds Weigh In On Boise Cascade

Hedge funds have recently bought and sold shares of the company. Retireful LLC purchased a new position in Boise Cascade in the 4th quarter worth approximately $289,000. Burney Co. lifted its holdings in shares of Boise Cascade by 14.1% during the fourth quarter. Burney Co. now owns 7,488 shares of the construction company’s stock valued at $890,000 after purchasing an additional 927 shares in the last quarter. Fulcrum Capital LLC purchased a new stake in shares of Boise Cascade during the fourth quarter valued at $1,092,000. Oliver Luxxe Assets LLC increased its holdings in Boise Cascade by 5.4% in the 4th quarter. Oliver Luxxe Assets LLC now owns 41,071 shares of the construction company’s stock worth $4,882,000 after buying an additional 2,097 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in Boise Cascade by 5.0% in the 4th quarter. Nordea Investment Management AB now owns 120,816 shares of the construction company’s stock worth $14,454,000 after buying an additional 5,779 shares during the last quarter. Institutional investors own 96.18% of the company’s stock.

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.