Boise Cascade, L.L.C. (NYSE:BCC) Stock Now Rated “Hold” by Sell-Side Analysts

Boise Cascade, L.L.C. (NYSE:BCC) has received a consensus rating of “Hold” from the eight analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $92.00.

BCC has been the topic of a number of research reports. Weiss Ratings upgraded shares of Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, August 17th. The Goldman Sachs Group raised their target price on shares of Boise Cascade from $81.00 to $91.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Bank of America decreased their target price on shares of Boise Cascade from $89.00 to $80.00 and set an “underperform” rating for the company in a research report on Wednesday, October 14th. Wall Street Zen lowered shares of Boise Cascade from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Zacks Research lowered shares of Boise Cascade from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th.

Insider Transactions at Boise Cascade

In related news, Director Kristopher J. Matula sold 1,930 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total transaction of $163,239.40. Following the sale, the director directly owned 13,982 shares of the company’s stock, valued at $1,182,597.56. This trade represents a 12.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jill Twedt sold 1,250 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $79.40, for a total value of $99,250.00. Following the sale, the senior vice president directly owned 25,295 shares in the company, valued at approximately $2,008,423. This trade represents a 4.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.42% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Covestor Ltd increased its holdings in Boise Cascade by 162.5% in the third quarter. Covestor Ltd now owns 504 shares of the construction company’s stock valued at $38,000 after buying an additional 312 shares in the last quarter. Bridge City Capital LLC raised its position in shares of Boise Cascade by 21.3% in the third quarter. Bridge City Capital LLC now owns 21,028 shares of the construction company’s stock worth $1,559,000 after acquiring an additional 3,687 shares during the period. Vise Technologies Inc. raised its position in shares of Boise Cascade by 52.1% in the third quarter. Vise Technologies Inc. now owns 4,083 shares of the construction company’s stock worth $303,000 after acquiring an additional 1,399 shares during the period. Summit Global Investments boosted its stake in shares of Boise Cascade by 271.3% during the 3rd quarter. Summit Global Investments now owns 10,670 shares of the construction company’s stock worth $791,000 after acquiring an additional 7,796 shares in the last quarter. Finally, State of Wyoming boosted its stake in shares of Boise Cascade by 24.6% during the 3rd quarter. State of Wyoming now owns 4,535 shares of the construction company’s stock worth $336,000 after acquiring an additional 895 shares in the last quarter. 96.18% of the stock is owned by institutional investors and hedge funds.

Boise Cascade Price Performance

Shares of NYSE:BCC opened at $75.28 on Tuesday. Boise Cascade has a twelve month low of $65.00 and a twelve month high of $91.97. The company’s 50 day moving average is $76.30 and its 200 day moving average is $77.24. The company has a current ratio of 2.71, a quick ratio of 1.31 and a debt-to-equity ratio of 0.24. The company has a market cap of $2.63 billion, a PE ratio of 25.52, a price-to-earnings-growth ratio of 0.97 and a beta of 1.08.

Boise Cascade (NYSE:BCC) last posted its quarterly earnings results on Monday, November 2nd. The construction company reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.08). Boise Cascade had a return on equity of 5.41% and a net margin of 1.64%. The business had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the prior year, the business posted $0.58 earnings per share. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, sell-side analysts forecast that Boise Cascade will post 3.86 EPS for the current year.

Boise Cascade Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $0.23 per share. The ex-dividend date is Tuesday, December 1st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.2%. Boise Cascade’s dividend payout ratio (DPR) is presently 31.19%.

About Boise Cascade

Boise Cascade Company is a U.S.-based manufacturer of engineered wood products and a wholesale distributor of building materials. Headquartered in Boise, Idaho, the company serves the residential construction, repair and remodeling, and industrial sectors primarily across the United States.

Through its Wood Products segment, Boise Cascade manufactures laminated veneer lumber, I-joists, laminated strand lumber, plywood, and other engineered wood products used in floors, roofs, walls, and structural applications.