Analysts Set Boise Cascade (NYSE:BCC) PT at $139.60

Shares of Boise Cascade (NYSE:BCC) have earned a consensus rating of “Hold” from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $139.60.

A number of research analysts recently commented on the stock. The Goldman Sachs Group lowered their price objective on shares of Boise Cascade from $140.00 to $122.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. BMO Capital Markets lifted their price objective on shares of Boise Cascade from $130.00 to $136.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Bank of America lifted their target price on shares of Boise Cascade from $120.00 to $124.00 and gave the company an “underperform” rating in a research note on Thursday, September 12th. StockNews.com raised shares of Boise Cascade from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Finally, Loop Capital initiated coverage on shares of Boise Cascade in a research note on Friday. They issued a “buy” rating and a $155.00 price objective for the company.

Boise Cascade Trading Up 0.9 %

Shares of BCC opened at $134.21 on Friday. The company has a current ratio of 3.28, a quick ratio of 2.08 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $5.30 billion, a P/E ratio of 11.70 and a beta of 1.53. The stock’s fifty day simple moving average is $136.09 and its 200 day simple moving average is $132.51. Boise Cascade has a twelve month low of $99.11 and a twelve month high of $154.67.

Boise Cascade (NYSE:BCC) last issued its quarterly earnings results on Monday, August 5th. The construction company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.68 by $0.16. Boise Cascade had a net margin of 6.60% and a return on equity of 20.17%. The business had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter last year, the company posted $3.67 earnings per share. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, equities research analysts forecast that Boise Cascade will post 9.69 earnings per share for the current year.

Boise Cascade Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, December 2nd will be paid a $0.21 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.84 annualized dividend and a yield of 0.63%. Boise Cascade’s dividend payout ratio (DPR) is presently 7.32%.

Institutional Trading of Boise Cascade

Several institutional investors and hedge funds have recently modified their holdings of BCC. Westwood Holdings Group Inc. boosted its holdings in Boise Cascade by 107.7% in the second quarter. Westwood Holdings Group Inc. now owns 1,117,914 shares of the construction company’s stock worth $133,278,000 after acquiring an additional 579,759 shares in the last quarter. Marshall Wace LLP grew its position in shares of Boise Cascade by 2,978.4% in the second quarter. Marshall Wace LLP now owns 191,047 shares of the construction company’s stock valued at $22,777,000 after purchasing an additional 184,841 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Boise Cascade by 293.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 236,980 shares of the construction company’s stock valued at $36,346,000 after purchasing an additional 176,738 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in Boise Cascade by 46.0% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 383,000 shares of the construction company’s stock valued at $45,661,000 after buying an additional 120,600 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its stake in Boise Cascade by 76.4% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 88,132 shares of the construction company’s stock worth $13,517,000 after purchasing an additional 38,173 shares during the last quarter. 96.18% of the stock is currently owned by institutional investors.

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.