FY2025 EPS Estimates for Boise Cascade Decreased by Analyst

Boise Cascade, L.L.C. (NYSE:BCC) – Analysts at DA Davidson decreased their FY2025 earnings per share estimates for shares of Boise Cascade in a research report issued on Monday, October 27th. DA Davidson analyst K. Yinger now forecasts that the construction company will earn $3.60 per share for the year, down from their prior forecast of $3.85. DA Davidson has a “Buy” rating and a $95.00 price target on the stock. The consensus estimate for Boise Cascade’s current full-year earnings is $10.15 per share. DA Davidson also issued estimates for Boise Cascade’s FY2026 earnings at $5.11 EPS.

A number of other research analysts also recently weighed in on BCC. Weiss Ratings reissued a “hold (c-)” rating on shares of Boise Cascade in a research note on Wednesday, October 8th. BMO Capital Markets reissued a “market perform” rating and issued a $100.00 price target on shares of Boise Cascade in a research note on Tuesday, September 16th. The Goldman Sachs Group cut their price target on Boise Cascade from $96.00 to $82.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. Wall Street Zen downgraded Boise Cascade from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Truist Financial cut their price target on Boise Cascade from $101.00 to $96.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.50.

Boise Cascade Stock Down 0.7%

NYSE:BCC opened at $72.48 on Tuesday. The stock’s fifty day moving average price is $79.89 and its two-hundred day moving average price is $85.66. Boise Cascade has a 52-week low of $70.00 and a 52-week high of $155.42. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.54 and a current ratio of 2.96. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 10.64, a P/E/G ratio of 5.70 and a beta of 1.27.

Boise Cascade (NYSE:BCC) last released its quarterly earnings results on Monday, August 4th. The construction company reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.05). Boise Cascade had a return on equity of 12.26% and a net margin of 4.00%.The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter last year, the company earned $2.84 earnings per share. The firm’s revenue was down 3.2% on a year-over-year basis.

Hedge Funds Weigh In On Boise Cascade

Several hedge funds and other institutional investors have recently bought and sold shares of BCC. Norges Bank acquired a new position in Boise Cascade in the second quarter valued at $39,818,000. Westwood Holdings Group Inc. lifted its holdings in Boise Cascade by 25.7% in the first quarter. Westwood Holdings Group Inc. now owns 1,499,305 shares of the construction company’s stock valued at $147,067,000 after buying an additional 306,684 shares during the period. Bank of America Corp DE lifted its holdings in Boise Cascade by 76.5% in the second quarter. Bank of America Corp DE now owns 417,642 shares of the construction company’s stock valued at $36,260,000 after buying an additional 181,025 shares during the period. M&G PLC acquired a new position in Boise Cascade in the second quarter valued at $8,984,000. Finally, American Century Companies Inc. lifted its holdings in Boise Cascade by 8.1% in the first quarter. American Century Companies Inc. now owns 1,226,383 shares of the construction company’s stock valued at $120,296,000 after buying an additional 92,019 shares during the period. Institutional investors and hedge funds own 96.18% of the company’s stock.

Insider Transactions at Boise Cascade

In other news, COO Jeffrey Robert Strom sold 1,000 shares of Boise Cascade stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $91.06, for a total transaction of $91,060.00. Following the transaction, the chief operating officer owned 37,026 shares in the company, valued at approximately $3,371,587.56. The trade was a 2.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jill Twedt sold 1,782 shares of Boise Cascade stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $83.97, for a total transaction of $149,634.54. Following the transaction, the senior vice president owned 32,867 shares in the company, valued at approximately $2,759,841.99. This trade represents a 5.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 4,815 shares of company stock worth $409,637. Company insiders own 1.11% of the company’s stock.

Boise Cascade Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from Boise Cascade’s previous quarterly dividend of $0.21. The ex-dividend date was Tuesday, September 2nd. Boise Cascade’s dividend payout ratio (DPR) is presently 12.92%.

About Boise Cascade

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.