Boise Cascade, L.L.C. (NYSE:BCC) Given Consensus Rating of “Moderate Buy” by Brokerages

Boise Cascade, L.L.C. (NYSE:BCC) has been given a consensus rating of “Moderate Buy” by the eight analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $102.50.

Several research firms have recently commented on BCC. Truist Financial lowered their price objective on shares of Boise Cascade from $101.00 to $96.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Boise Cascade in a report on Monday. The Goldman Sachs Group dropped their price target on shares of Boise Cascade from $96.00 to $82.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Wall Street Zen lowered Boise Cascade from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Finally, BMO Capital Markets upgraded Boise Cascade from a “market perform” rating to an “outperform” rating and set a $100.00 target price for the company in a report on Wednesday, November 5th.

Institutional Trading of Boise Cascade

A number of large investors have recently made changes to their positions in BCC. Salomon & Ludwin LLC purchased a new position in Boise Cascade in the third quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Boise Cascade by 231.3% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 371 shares of the construction company’s stock valued at $29,000 after purchasing an additional 259 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Boise Cascade by 120.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 406 shares of the construction company’s stock worth $40,000 after purchasing an additional 222 shares during the last quarter. Huntington National Bank lifted its position in shares of Boise Cascade by 630.0% during the 2nd quarter. Huntington National Bank now owns 438 shares of the construction company’s stock worth $38,000 after purchasing an additional 378 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its stake in shares of Boise Cascade by 1,071.4% during the third quarter. Hantz Financial Services Inc. now owns 492 shares of the construction company’s stock worth $38,000 after purchasing an additional 450 shares in the last quarter. 96.18% of the stock is currently owned by hedge funds and other institutional investors.

Boise Cascade Trading Down 1.0%

Shares of NYSE BCC opened at $73.81 on Wednesday. The company has a current ratio of 3.10, a quick ratio of 1.69 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $2.73 billion, a PE ratio of 14.59 and a beta of 1.27. Boise Cascade has a twelve month low of $65.14 and a twelve month high of $131.27. The stock has a fifty day simple moving average of $72.68 and a 200-day simple moving average of $79.98.

Boise Cascade (NYSE:BCC) last announced its earnings results on Monday, November 3rd. The construction company reported $0.58 EPS for the quarter, meeting analysts’ consensus estimates of $0.58. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Boise Cascade had a return on equity of 9.00% and a net margin of 2.96%.Boise Cascade’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period last year, the business posted $2.33 EPS. On average, equities analysts forecast that Boise Cascade will post 10.15 earnings per share for the current year.

Boise Cascade Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, December 1st were paid a $0.22 dividend. 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 presently 17.39%.

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.