Analysts Set Boise Cascade (NYSE:BCC) PT at $139.60

Shares of Boise Cascade (NYSE:BCC - Get Free Report) have been given a consensus rating of "Hold" by the five research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $139.60.

A number of research analysts recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of Boise Cascade from $130.00 to $136.00 and gave the company a "market perform" rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group decreased their target price 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. Loop Capital assumed coverage on shares of Boise Cascade in a research report on Friday, November 1st. They set a "buy" rating and a $155.00 target price for the company. Truist Financial decreased their target price on shares of Boise Cascade from $161.00 to $157.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Finally, StockNews.com downgraded shares of Boise Cascade from a "buy" rating to a "hold" rating in a research report on Wednesday, November 6th.

Boise Cascade Stock Performance

Shares of NYSE:BCC traded down $4.51 on Friday, hitting $118.81. 428,823 shares of the company were exchanged, compared to its average volume of 275,061. The firm has a market capitalization of $4.56 billion, a P/E ratio of 11.63 and a beta of 1.57. The stock's 50 day moving average price is $126.53 and its 200 day moving average price is $133.06. Boise Cascade has a 1-year low of $113.38 and a 1-year high of $155.42. The company has a current ratio of 3.13, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22.

Boise Cascade Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Monday, February 24th will be issued a $0.21 dividend. The ex-dividend date is Monday, February 24th. This represents a $0.84 dividend on an annualized basis and a yield of 0.71%. Boise Cascade's payout ratio is 8.22%.

Institutional Trading of Boise Cascade

Institutional investors and hedge funds have recently modified their holdings of the stock. Harbor Capital Advisors Inc. purchased a new stake in shares of Boise Cascade during the third quarter worth about $28,000. R Squared Ltd purchased a new stake in shares of Boise Cascade during the fourth quarter worth about $29,000. Larson Financial Group LLC increased its stake in shares of Boise Cascade by 23.9% during the third quarter. Larson Financial Group LLC now owns 378 shares of the construction company's stock worth $53,000 after purchasing an additional 73 shares in the last quarter. Principal Securities Inc. increased its stake in shares of Boise Cascade by 44.2% during the fourth quarter. Principal Securities Inc. now owns 473 shares of the construction company's stock worth $56,000 after purchasing an additional 145 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of Boise Cascade by 254.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 777 shares of the construction company's stock worth $92,000 after purchasing an additional 558 shares in the last quarter. Hedge funds and other 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.