DA Davidson Lowers Boise Cascade (NYSE:BCC) Price Target to $125.00

Boise Cascade (NYSE:BCC - Get Free Report) had its target price cut by equities research analysts at DA Davidson from $155.00 to $125.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a "buy" rating on the construction company's stock. DA Davidson's target price suggests a potential upside of 21.70% from the company's previous close. DA Davidson also issued estimates for Boise Cascade's Q1 2025 earnings at $1.35 EPS, FY2025 earnings at $7.90 EPS and FY2026 earnings at $9.91 EPS.

Several other research analysts also recently commented on BCC. Loop Capital dropped their price target on Boise Cascade from $145.00 to $140.00 and set a "buy" rating on the stock in a research report on Monday. The Goldman Sachs Group reduced their price objective on Boise Cascade from $145.00 to $126.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. StockNews.com cut shares of Boise Cascade from a "buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Finally, Truist Financial lowered their price objective on Boise Cascade from $161.00 to $157.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $128.50.

Boise Cascade Stock Down 1.3 %

NYSE:BCC traded down $1.36 during mid-day trading on Monday, reaching $102.71. The stock had a trading volume of 475,944 shares, compared to its average volume of 323,727. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.34 and a quick ratio of 1.92. The stock has a market cap of $3.90 billion, a P/E ratio of 10.74 and a beta of 1.57. The business's 50 day moving average is $121.11 and its 200 day moving average is $131.63. Boise Cascade has a fifty-two week low of $102.17 and a fifty-two week high of $155.42.

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). Boise Cascade had a net margin of 5.60% and a return on equity of 17.04%. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.57 billion. As a group, sell-side analysts predict that Boise Cascade will post 10.15 earnings per share for the current year.

Insiders Place Their Bets

In other Boise Cascade news, Director Kristopher J. Matula sold 553 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $103.16, for a total value of $57,047.48. Following the sale, the director now owns 13,099 shares in the company, valued at $1,351,292.84. This represents a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.98% of the company's stock.

Institutional Investors Weigh In On Boise Cascade

A number of institutional investors have recently made changes to their positions in BCC. Westwood Holdings Group Inc. grew its stake in Boise Cascade by 3.9% during the fourth quarter. Westwood Holdings Group Inc. now owns 1,192,621 shares of the construction company's stock worth $141,755,000 after buying an additional 45,010 shares in the last quarter. American Century Companies Inc. increased its holdings in Boise Cascade by 12.0% in the 4th quarter. American Century Companies Inc. now owns 1,134,364 shares of the construction company's stock worth $134,831,000 after purchasing an additional 121,790 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Boise Cascade by 37.9% in the fourth quarter. First Trust Advisors LP now owns 712,527 shares of the construction company's stock valued at $84,691,000 after buying an additional 195,773 shares during the period. Northern Trust Corp raised its stake in shares of Boise Cascade by 17.8% during the fourth quarter. Northern Trust Corp now owns 483,165 shares of the construction company's stock valued at $57,429,000 after acquiring an additional 73,061 shares during the last quarter. Finally, Norges Bank bought a new position in Boise Cascade during the 4th quarter worth $55,680,000. Institutional investors own 96.18% of the company's stock.

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.