Analysts Set Boise Cascade (NYSE:BCC) Target Price at $128.50

Shares of Boise Cascade (NYSE:BCC - Get Free Report) have been assigned a consensus recommendation of "Hold" from the seven research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $128.50.

Several brokerages recently weighed in on BCC. The Goldman Sachs Group cut their price objective on shares of Boise Cascade from $145.00 to $126.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. Loop Capital dropped their price target on shares of Boise Cascade from $145.00 to $140.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Benchmark reissued a "hold" rating on shares of Boise Cascade in a report on Tuesday, February 25th. BMO Capital Markets cut their target price on Boise Cascade from $136.00 to $122.00 and set a "market perform" rating on the stock in a research note on Tuesday, February 25th. Finally, DA Davidson decreased their price target on Boise Cascade from $155.00 to $125.00 and set a "buy" rating for the company in a research note on Monday, February 24th.

Insider Activity

In related news, COO Jeffrey Robert Strom sold 4,500 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $100.21, for a total transaction of $450,945.00. Following the completion of the sale, the chief operating officer now directly owns 38,026 shares in the company, valued at approximately $3,810,585.46. This trade represents a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kristopher J. Matula sold 553 shares of Boise Cascade stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $103.16, for a total transaction of $57,047.48. Following the completion of the transaction, the director now owns 13,099 shares in the company, valued at approximately $1,351,292.84. This trade represents a 4.05 % decrease in their position. The disclosure for this sale can be found here. 0.98% of the stock is owned by insiders.

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Institutional Investors Weigh In On Boise Cascade

Several large investors have recently modified their holdings of BCC. R Squared Ltd purchased a new stake in shares of Boise Cascade during the fourth quarter valued at $29,000. Quarry LP lifted its stake in Boise Cascade by 502.4% during the fourth quarter. Quarry LP now owns 253 shares of the construction company's stock valued at $30,000 after buying an additional 211 shares in the last quarter. Principal Securities Inc. lifted its stake in Boise Cascade by 44.2% during the fourth quarter. Principal Securities Inc. now owns 473 shares of the construction company's stock valued at $56,000 after buying an additional 145 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Boise Cascade by 254.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 777 shares of the construction company's stock worth $92,000 after buying an additional 558 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its position in shares of Boise Cascade by 234.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,270 shares of the construction company's stock worth $179,000 after acquiring an additional 890 shares in the last quarter. 96.18% of the stock is owned by institutional investors.

Boise Cascade Stock Performance

Shares of Boise Cascade stock traded up $0.75 on Monday, reaching $95.38. 827,560 shares of the company were exchanged, compared to its average volume of 327,322. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 9.98 and a beta of 1.67. Boise Cascade has a 1-year low of $85.80 and a 1-year high of $155.42. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.92 and a current ratio of 3.34. The company's 50-day moving average is $109.24 and its two-hundred day moving average is $126.25.

Boise Cascade (NYSE:BCC - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The construction company reported $1.78 EPS for the quarter, missing analysts' consensus estimates of $1.79 by ($0.01). The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.57 billion. Boise Cascade had a return on equity of 17.04% and a net margin of 5.60%. As a group, research analysts expect that Boise Cascade will post 10.15 earnings per share for the current fiscal year.

Boise Cascade Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, February 24th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Monday, February 24th. Boise Cascade's payout ratio is currently 8.79%.

Boise Cascade Company Profile

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.