Boise Cascade (NYSE:BCC) Earns "Hold" Rating from Benchmark

Boise Cascade (NYSE:BCC - Get Free Report)'s stock had its "hold" rating reiterated by analysts at Benchmark in a report released on Tuesday,Benzinga reports.

Several other research firms also recently issued reports on BCC. The Goldman Sachs Group decreased their price objective on shares of Boise Cascade from $145.00 to $126.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. StockNews.com lowered shares of Boise Cascade from a "buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Truist Financial lowered their price objective on shares of Boise Cascade from $157.00 to $134.00 and set a "buy" rating for the company in a research note on Monday. Loop Capital decreased their price target on shares of Boise Cascade from $145.00 to $140.00 and set a "buy" rating for the company in a research note on Monday. Finally, DA Davidson decreased their price target on shares of Boise Cascade from $155.00 to $125.00 and set a "buy" rating for the company in a research note on Monday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Boise Cascade currently has a consensus rating of "Hold" and a consensus price target of $128.50.

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Boise Cascade Stock Performance

Shares of BCC stock traded up $1.17 during trading hours on Tuesday, hitting $103.72. The company's stock had a trading volume of 579,120 shares, compared to its average volume of 330,275. The company has a 50 day moving average of $121.11 and a 200 day moving average of $131.63. Boise Cascade has a 12-month low of $102.17 and a 12-month high of $155.42. The stock has a market cap of $3.93 billion, a PE ratio of 10.85 and a beta of 1.57. The company has a current ratio of 3.34, a quick ratio of 1.92 and a debt-to-equity ratio of 0.22.

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 analysts' consensus estimates of $1.79 by ($0.01). The firm had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.57 billion. Boise Cascade had a return on equity of 17.04% and a net margin of 5.60%. On average, sell-side analysts forecast that Boise Cascade will post 10.15 EPS for the current fiscal year.

Insider Activity at Boise Cascade

In other Boise Cascade news, Director Kristopher J. Matula sold 553 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were 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 represents a 4.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.98% of the stock is owned by insiders.

Hedge Funds Weigh In On Boise Cascade

Large investors have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Boise Cascade during the 4th quarter worth $9,894,000. Mackenzie Financial Corp grew its stake in Boise Cascade by 263.7% in the 4th quarter. Mackenzie Financial Corp now owns 19,142 shares of the construction company's stock valued at $2,275,000 after acquiring an additional 13,879 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Boise Cascade by 3.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 50,833 shares of the construction company's stock worth $6,042,000 after purchasing an additional 1,471 shares during the last quarter. Vise Technologies Inc. boosted its stake in shares of Boise Cascade by 3.4% during the 4th quarter. Vise Technologies Inc. now owns 3,021 shares of the construction company's stock worth $359,000 after purchasing an additional 100 shares during the last quarter. Finally, Voloridge Investment Management LLC boosted its stake in shares of Boise Cascade by 80.9% during the 4th quarter. Voloridge Investment Management LLC now owns 15,702 shares of the construction company's stock worth $1,866,000 after purchasing an additional 7,021 shares during 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.