Boise Cascade, L.L.C. (NYSE:BCC) Receives $105.67 Average Target Price from Analysts

Shares of Boise Cascade, L.L.C. (NYSE:BCC) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $105.6667.

Several analysts have commented on the company. DA Davidson reissued a “buy” rating and issued a $95.00 price objective on shares of Boise Cascade in a report on Tuesday, February 24th. The Goldman Sachs Group upped their target price on Boise Cascade from $85.00 to $94.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 25th. BMO Capital Markets reiterated an “outperform” rating on shares of Boise Cascade in a research report on Thursday, January 8th. Weiss Ratings cut shares of Boise Cascade from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 13th. Finally, Wall Street Zen raised shares of Boise Cascade from a “sell” rating to a “hold” rating in a report on Saturday, February 28th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Salomon & Ludwin LLC acquired a new stake in Boise Cascade in the 3rd quarter worth about $28,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Boise Cascade by 231.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 371 shares of the construction company’s stock valued at $29,000 after acquiring an additional 259 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Boise Cascade by 77.5% in the fourth quarter. Fifth Third Bancorp now owns 410 shares of the construction company’s stock valued at $30,000 after acquiring an additional 179 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Boise Cascade by 1,071.4% in the third quarter. Hantz Financial Services Inc. now owns 492 shares of the construction company’s stock valued at $38,000 after acquiring an additional 450 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Boise Cascade in the third quarter worth approximately $38,000. Institutional investors and hedge funds own 96.18% of the company’s stock.

Boise Cascade Stock Down 1.4%

BCC opened at $71.89 on Monday. The company has a fifty day moving average of $82.04 and a two-hundred day moving average of $77.73. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 1.00 and a beta of 1.26. Boise Cascade has a fifty-two week low of $65.14 and a fifty-two week high of $103.44. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.74 and a current ratio of 3.36.

Boise Cascade Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Monday, February 23rd were given a $0.22 dividend. The ex-dividend date was Monday, February 23rd. This represents a $0.88 annualized dividend and a dividend yield of 1.2%. Boise Cascade’s dividend payout ratio (DPR) is 25.00%.

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.