Boise Cascade (NYSE:BCC) Shares Down 3.9% – Should You Sell?

Shares of Boise Cascade, L.L.C. (NYSE:BCC) fell 3.9% during mid-day trading on Friday . The stock traded as low as $74.66 and last traded at $74.6650. 276,307 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 378,461 shares. The stock had previously closed at $77.70.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. The Goldman Sachs Group decreased their price target on Boise Cascade from $96.00 to $82.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. DA Davidson reiterated a “buy” rating and issued a $95.00 price objective on shares of Boise Cascade in a report on Thursday, November 20th. Wall Street Zen lowered Boise Cascade from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. BMO Capital Markets raised shares of Boise Cascade from a “market perform” rating to an “outperform” rating and set a $100.00 price target on the stock in a report on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Boise Cascade in a research note on Monday. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Boise Cascade presently has an average rating of “Moderate Buy” and an average price target of $102.50.

Boise Cascade Price Performance

The firm has a 50-day simple moving average of $72.31 and a 200-day simple moving average of $80.81. The firm has a market capitalization of $2.77 billion, a PE ratio of 14.78, a PEG ratio of 6.31 and a beta of 1.27. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.10 and a quick ratio of 1.69.

Boise Cascade (NYSE:BCC) last released its quarterly earnings results on Monday, November 3rd. The construction company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.64 billion. Boise Cascade had a net margin of 2.96% and a return on equity of 9.00%. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.33 EPS. As a group, equities analysts forecast that Boise Cascade, L.L.C. will post 10.15 earnings per share for the current year.

Boise Cascade Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, December 1st were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, December 1st. Boise Cascade’s dividend payout ratio (DPR) is currently 17.39%.

Hedge Funds Weigh In On Boise Cascade

A number of institutional investors have recently bought and sold shares of BCC. Caxton Associates LLP bought a new stake in Boise Cascade in the 1st quarter valued at $1,402,000. American Century Companies Inc. boosted its holdings in shares of Boise Cascade by 4.5% during the 2nd quarter. American Century Companies Inc. now owns 1,281,435 shares of the construction company’s stock valued at $111,254,000 after purchasing an additional 55,052 shares during the last quarter. Intech Investment Management LLC grew its position in shares of Boise Cascade by 13.4% during the first quarter. Intech Investment Management LLC now owns 41,941 shares of the construction company’s stock valued at $4,114,000 after purchasing an additional 4,963 shares in the last quarter. Capital Fund Management S.A. bought a new stake in shares of Boise Cascade in the second quarter worth about $2,342,000. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Boise Cascade by 12.5% in the second quarter. Public Employees Retirement System of Ohio now owns 39,811 shares of the construction company’s stock worth $3,456,000 after buying an additional 4,414 shares in the last quarter. 96.18% of the stock is owned by institutional investors.

Boise Cascade Company Profile

Boise Cascade Company operates as a leading manufacturer and distributor of wood products and building materials in North America. The company’s operations are organized into two primary segments: wood products manufacturing and building materials distribution. In its manufacturing segment, Boise Cascade produces a wide array of engineered wood products, including plywood, oriented strand board (OSB), lumber, particleboard and laminated veneer lumber (LVL), serving residential, commercial and industrial customers.

In its distribution segment, Boise Cascade sources and delivers building materials through an extensive network of distribution centers, servicing professional builders, remodelers, contractors and industrial customers.