Boise Cascade, L.L.C. (NYSE:BCC) Stock Rated “Hold” by Wall Street Analysts

Shares of Boise Cascade, L.L.C. (NYSE:BCC) have been given an average rating of “Hold” by the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $92.00.

Several analysts have recently weighed in on the company. Weiss Ratings upgraded Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, August 17th. Bank of America reduced their target price on shares of Boise Cascade from $89.00 to $80.00 and set an “underperform” rating on the stock in a report on Wednesday, October 14th. DA Davidson upped their price target on shares of Boise Cascade from $92.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Zacks Research downgraded shares of Boise Cascade from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Finally, Loop Capital lowered shares of Boise Cascade from a “buy” rating to a “hold” rating and set a $85.00 price target on the stock. in a report on Monday, October 26th.

Insider Activity

In other Boise Cascade news, SVP Jill Twedt sold 1,250 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $79.40, for a total value of $99,250.00. Following the sale, the senior vice president owned 25,295 shares in the company, valued at approximately $2,008,423. The trade was a 4.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kristopher J. Matula sold 1,930 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total value of $163,239.40. Following the completion of the sale, the director directly owned 13,982 shares of the company’s stock, valued at approximately $1,182,597.56. The trade was a 12.13% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.42% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Boise Cascade

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Covestor Ltd grew its holdings in Boise Cascade by 162.5% during the 3rd quarter. Covestor Ltd now owns 504 shares of the construction company’s stock worth $38,000 after acquiring an additional 312 shares during the period. Nykredit A S bought a new position in shares of Boise Cascade in the 2nd quarter worth about $69,000. Signaturefd LLC lifted its stake in shares of Boise Cascade by 16.3% in the 3rd quarter. Signaturefd LLC now owns 1,000 shares of the construction company’s stock valued at $74,000 after purchasing an additional 140 shares during the period. GAMMA Investing LLC lifted its stake in shares of Boise Cascade by 19.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,164 shares of the construction company’s stock valued at $86,000 after purchasing an additional 186 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of Boise Cascade by 309.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,431 shares of the construction company’s stock valued at $180,000 after purchasing an additional 1,837 shares in the last quarter. 96.18% of the stock is owned by institutional investors and hedge funds.

Boise Cascade Stock Up 1.0%

Shares of NYSE BCC opened at $78.66 on Tuesday. Boise Cascade has a 52 week low of $65.00 and a 52 week high of $91.97. The stock’s fifty day moving average is $76.45 and its 200 day moving average is $77.28. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.31 and a current ratio of 2.71. The stock has a market capitalization of $2.74 billion, a P/E ratio of 26.66, a PEG ratio of 1.03 and a beta of 1.08.

Boise Cascade (NYSE:BCC) last issued its earnings results on Monday, August 3rd. The construction company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.40. Boise Cascade had a return on equity of 5.41% and a net margin of 1.64%. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the business posted $1.64 EPS. The company’s revenue was up 5.2% compared to the same quarter last year. Sell-side analysts forecast that Boise Cascade will post 3.86 earnings per share for the current fiscal year.

Boise Cascade Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Tuesday, December 1st will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, December 1st. Boise Cascade’s dividend payout ratio (DPR) is currently 31.19%.

Boise Cascade Company Profile

Boise Cascade Company is a U.S.-based manufacturer of engineered wood products and a wholesale distributor of building materials. Headquartered in Boise, Idaho, the company serves the residential construction, repair and remodeling, and industrial sectors primarily across the United States.

Through its Wood Products segment, Boise Cascade manufactures laminated veneer lumber, I-joists, laminated strand lumber, plywood, and other engineered wood products used in floors, roofs, walls, and structural applications.