Boise Cascade, L.L.C. (NYSE:BCC) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Boise Cascade, L.L.C. (NYSE:BCC) have been given an average rating of “Moderate Buy” by the seven brokerages that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $98.00.

Several equities research analysts recently issued reports on BCC shares. DA Davidson reduced their target price on shares of Boise Cascade from $95.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Weiss Ratings raised shares of Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 18th. Zacks Research raised shares of Boise Cascade from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, Truist Financial set a $97.00 target price on shares of Boise Cascade in a report on Wednesday, May 6th.

Insider Transactions at Boise Cascade

In other Boise Cascade news, SVP Jill Twedt sold 6,070 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $66.45, for a total transaction of $403,351.50. Following the completion of the sale, the senior vice president directly owned 26,545 shares of the company’s stock, valued at $1,763,915.25. This trade represents a 18.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.42% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Boise Cascade

Institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd grew its holdings in Boise Cascade by 231.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 371 shares of the construction company’s stock valued at $29,000 after buying an additional 259 shares in the last quarter. Fifth Third Bancorp grew its holdings in Boise Cascade by 77.5% during the 4th quarter. Fifth Third Bancorp now owns 410 shares of the construction company’s stock valued at $30,000 after buying an additional 179 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Boise Cascade during the 3rd quarter valued at approximately $38,000. UMB Bank n.a. grew its holdings in Boise Cascade by 98.5% during the 4th quarter. UMB Bank n.a. now owns 524 shares of the construction company’s stock valued at $39,000 after buying an additional 260 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in Boise Cascade by 5,866.7% during the 4th quarter. Signaturefd LLC now owns 537 shares of the construction company’s stock valued at $40,000 after buying an additional 528 shares in the last quarter. 96.18% of the stock is owned by hedge funds and other institutional investors.

Boise Cascade Trading Down 2.1%

Boise Cascade stock opened at $77.59 on Wednesday. The firm has a 50 day moving average of $72.91 and a 200 day moving average of $76.90. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 26.21, a P/E/G ratio of 1.18 and a beta of 1.09. Boise Cascade has a 12-month low of $65.00 and a 12-month high of $95.00. The company has a current ratio of 2.77, a quick ratio of 1.37 and a debt-to-equity ratio of 0.24.

Boise Cascade (NYSE:BCC) last released its earnings results on Monday, May 4th. The construction company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.07. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.46 billion. Boise Cascade had a net margin of 1.73% and a return on equity of 5.55%. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.06 EPS. As a group, research analysts predict that Boise Cascade will post 3.67 earnings per share for the current year.

Boise Cascade Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Monday, June 1st. Boise Cascade’s dividend payout ratio (DPR) is 29.73%.

About Boise Cascade

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.