Brokerages Set Boise Cascade (NYSE:BCC) Price Target at $139.60

Shares of Boise Cascade (NYSE:BCC - Get Free Report) have received an average rating of "Hold" from the five analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $139.60.

Several equities analysts have commented on the company. StockNews.com downgraded Boise Cascade from a "buy" rating to a "hold" rating in a research report on Wednesday, November 6th. BMO Capital Markets raised their price objective on shares of Boise Cascade from $130.00 to $136.00 and gave the company a "market perform" rating in a report on Tuesday, October 22nd. Loop Capital assumed coverage on shares of Boise Cascade in a report on Friday, November 1st. They set a "buy" rating and a $155.00 target price on the stock. Bank of America upped their price target on shares of Boise Cascade from $120.00 to $124.00 and gave the company an "underperform" rating in a research report on Thursday, September 12th. Finally, Truist Financial lifted their price target on shares of Boise Cascade from $154.00 to $161.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th.

Boise Cascade Price Performance

Boise Cascade stock traded down $0.26 during midday trading on Friday, reaching $122.75. The company's stock had a trading volume of 1,703,240 shares, compared to its average volume of 307,334. The company has a current ratio of 3.13, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22. The stock has a market cap of $4.71 billion, a PE ratio of 12.01 and a beta of 1.53. Boise Cascade has a 52 week low of $113.89 and a 52 week high of $155.42. The business has a 50-day moving average price of $139.84 and a 200-day moving average price of $133.64.

Boise Cascade (NYSE:BCC - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The construction company reported $2.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.04). The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.72 billion. Boise Cascade had a net margin of 5.95% and a return on equity of 18.24%. The company's revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period last year, the firm posted $3.58 earnings per share. On average, sell-side analysts predict that Boise Cascade will post 9.57 EPS for the current year.

Boise Cascade Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, December 2nd were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Monday, December 2nd. Boise Cascade's dividend payout ratio is currently 8.22%.

Hedge Funds Weigh In On Boise Cascade

A number of hedge funds have recently bought and sold shares of BCC. Larson Financial Group LLC grew its holdings in Boise Cascade by 23.9% during the 3rd quarter. Larson Financial Group LLC now owns 378 shares of the construction company's stock worth $53,000 after acquiring an additional 73 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of Boise Cascade by 4.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,757 shares of the construction company's stock valued at $248,000 after purchasing an additional 78 shares in the last quarter. Miller Howard Investments Inc. NY grew its stake in Boise Cascade by 2.1% during the second quarter. Miller Howard Investments Inc. NY now owns 5,892 shares of the construction company's stock worth $702,000 after purchasing an additional 124 shares during the period. First Trust Direct Indexing L.P. increased its holdings in Boise Cascade by 7.3% in the third quarter. First Trust Direct Indexing L.P. now owns 1,893 shares of the construction company's stock worth $267,000 after purchasing an additional 128 shares in the last quarter. Finally, Invst LLC lifted its stake in Boise Cascade by 2.6% in the third quarter. Invst LLC now owns 5,060 shares of the construction company's stock valued at $713,000 after buying an additional 128 shares during the period. Institutional investors own 96.18% of the company's stock.

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.