Brokerages Set Boise Cascade (NYSE:BCC) Target Price at $125.00

Boise Cascade (NYSE:BCC - Get Free Report) has earned an average recommendation of "Hold" from the seven ratings firms that are currently covering the company, MarketBeat.com reports. One investment 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 brokers that have covered the stock in the last year is $125.00.

BCC has been the topic of a number of research analyst reports. DA Davidson decreased their price target on Boise Cascade from $155.00 to $125.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Loop Capital lowered their target price on Boise Cascade from $140.00 to $135.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Benchmark reiterated a "hold" rating on shares of Boise Cascade in a research report on Tuesday, February 25th. The Goldman Sachs Group lowered their price objective on shares of Boise Cascade from $145.00 to $126.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Finally, BMO Capital Markets reduced their target price on shares of Boise Cascade from $136.00 to $122.00 and set a "market perform" rating on the stock in a research report on Tuesday, February 25th.

Boise Cascade Price Performance

Shares of NYSE BCC traded down $0.01 during midday trading on Friday, reaching $95.50. 196,657 shares of the company traded hands, compared to its average volume of 327,907. Boise Cascade has a 12 month low of $87.84 and a 12 month 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 stock's 50-day simple moving average is $98.92 and its 200-day simple moving average is $120.66. The firm has a market cap of $3.63 billion, a PE ratio of 9.99 and a beta of 1.52.

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

Boise Cascade Dividend Announcement

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

Insiders Place Their Bets

In other Boise Cascade news, COO Jeffrey Robert Strom sold 4,500 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $100.21, for a total value of $450,945.00. Following the completion of the transaction, the chief operating officer now directly owns 38,026 shares of the company's stock, valued at approximately $3,810,585.46. The trade was a 10.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kristopher J. Matula sold 553 shares of the firm's stock in a transaction dated 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 directly owns 13,099 shares in the company, valued at approximately $1,351,292.84. This represents a 4.05 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.98% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. R Squared Ltd acquired a new stake in shares of Boise Cascade during the fourth quarter worth $29,000. Quarry LP increased its holdings in Boise Cascade by 502.4% during the 4th quarter. Quarry LP now owns 253 shares of the construction company's stock worth $30,000 after purchasing an additional 211 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Boise Cascade by 338.5% in the 1st quarter. Farther Finance Advisors LLC now owns 478 shares of the construction company's stock valued at $47,000 after purchasing an additional 369 shares during the period. Principal Securities Inc. lifted its holdings in shares of Boise Cascade by 44.2% in the fourth quarter. Principal Securities Inc. now owns 473 shares of the construction company's stock valued at $56,000 after purchasing an additional 145 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Boise Cascade by 93.7% during the first quarter. Blue Trust Inc. now owns 918 shares of the construction company's stock worth $90,000 after buying an additional 444 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.