Boise Cascade, L.L.C. (NYSE:BCC) Given Average Recommendation of “Hold” by Analysts

Boise Cascade, L.L.C. (NYSE:BCC) has received a consensus rating of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $98.00.

A number of brokerages have recently issued reports on BCC. The Goldman Sachs Group boosted their price objective on Boise Cascade from $85.00 to $94.00 and gave the stock a “neutral” rating in a report on Wednesday, February 25th. Zacks Research upgraded Boise Cascade from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Weiss Ratings cut Boise Cascade from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. DA Davidson reduced their price target on Boise Cascade from $95.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Finally, Truist Financial set a $97.00 price objective on Boise Cascade in a report on Wednesday, May 6th.

Hedge Funds Weigh In On Boise Cascade

A number of hedge funds have recently bought and sold shares of BCC. Salomon & Ludwin LLC acquired a new position in shares of Boise Cascade during the 3rd quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd raised its position in shares of Boise Cascade by 231.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 371 shares of the construction company’s stock valued at $29,000 after buying an additional 259 shares in the last quarter. Fifth Third Bancorp boosted its stake 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 buying an additional 179 shares during the period. Hantz Financial Services Inc. boosted its stake 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 buying an additional 450 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in Boise Cascade during the third quarter worth approximately $38,000. 96.18% of the stock is owned by institutional investors.

Boise Cascade Trading Down 2.1%

BCC stock opened at $69.21 on Tuesday. Boise Cascade has a one year low of $65.14 and a one year high of $95.55. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 23.38, a price-to-earnings-growth ratio of 1.06 and a beta of 1.15. The company has a fifty day moving average price of $76.40 and a two-hundred day moving average price of $77.15. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.77 and a quick ratio of 1.37.

Boise Cascade (NYSE:BCC) last posted its earnings results on Monday, May 4th. The construction company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.07. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Boise Cascade had a net margin of 1.73% and a return on equity of 5.55%. Boise Cascade’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.06 EPS. Equities analysts anticipate that Boise Cascade will post 3.67 EPS for the current year.

Boise Cascade Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, June 1st. Boise Cascade’s payout ratio is presently 29.73%.

Boise Cascade Company Profile

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.