Boise Cascade (NYSE:BCC) Price Target Cut to $140.00 by Analysts at Loop Capital

Boise Cascade (NYSE:BCC - Free Report) had its price objective lowered by Loop Capital from $145.00 to $140.00 in a research note published on Monday morning,Benzinga reports. Loop Capital currently has a buy rating on the construction company's stock.

Several other equities research analysts also recently weighed in on the company. The Goldman Sachs Group decreased their price objective on Boise Cascade from $145.00 to $126.00 and set a "neutral" rating for the company in a 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 target on Boise Cascade from $161.00 to $157.00 and set a "buy" rating on the stock in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $128.50.

Boise Cascade Stock Down 1.3 %

NYSE BCC traded down $1.36 on Monday, hitting $102.71. 475,944 shares of the stock were exchanged, compared to its average volume of 323,727. Boise Cascade has a fifty-two week low of $102.17 and a fifty-two week high of $155.42. The company has a 50-day moving average price of $121.11 and a 200-day moving average price of $131.63. The company has a quick ratio of 1.92, a current ratio of 3.34 and a debt-to-equity ratio of 0.22. The company has a market cap of $3.90 billion, a PE ratio of 10.74 and a beta of 1.57.

Boise Cascade (NYSE:BCC - Get Free Report) last released 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 business had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.57 billion. Sell-side analysts anticipate that Boise Cascade will post 10.15 EPS for the current fiscal year.

Boise Cascade Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Monday, February 24th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Monday, February 24th. Boise Cascade's payout ratio is 8.79%.

Insider Transactions at Boise Cascade

In other Boise Cascade news, Director Kristopher J. Matula sold 553 shares of the company's stock in a transaction dated 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 sale, the director now directly 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.98% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BCC. Creative Planning grew its stake in shares of Boise Cascade by 17.9% in the third quarter. Creative Planning now owns 8,596 shares of the construction company's stock valued at $1,212,000 after buying an additional 1,302 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Boise Cascade by 4.6% during the third quarter. Sequoia Financial Advisors LLC now owns 1,757 shares of the construction company's stock worth $248,000 after purchasing an additional 78 shares in the last quarter. Highland Capital Management LLC purchased a new position in shares of Boise Cascade in the third quarter valued at $215,000. DekaBank Deutsche Girozentrale grew its holdings in Boise Cascade by 14.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 57,778 shares of the construction company's stock valued at $8,107,000 after purchasing an additional 7,421 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in Boise Cascade by 59.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 11,390 shares of the construction company's stock worth $1,606,000 after buying an additional 4,267 shares during the period. 96.18% of the stock is owned by institutional investors and hedge funds.

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.