Analysts Issue Forecasts for Boise Cascade FY2025 Earnings

Boise Cascade (NYSE:BCC - Free Report) - DA Davidson reduced their FY2025 earnings per share estimates for Boise Cascade in a research note issued on Tuesday, February 25th. DA Davidson analyst K. Yinger now expects that the construction company will post earnings of $7.90 per share for the year, down from their prior estimate of $10.46. DA Davidson currently has a "Buy" rating and a $125.00 target price on the stock. The consensus estimate for Boise Cascade's current full-year earnings is $10.15 per share.

Several other brokerages have also issued reports on BCC. StockNews.com lowered Boise Cascade from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. Benchmark reiterated a "hold" rating on shares of Boise Cascade in a report on Tuesday, February 25th. Truist Financial dropped their price objective on Boise Cascade from $157.00 to $134.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Loop Capital cut their price objective on shares of Boise Cascade from $145.00 to $140.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Finally, The Goldman Sachs Group cut their price target 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $128.50.

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Boise Cascade Stock Down 1.1 %

BCC stock traded down $1.18 during midday trading on Thursday, reaching $102.48. The company had a trading volume of 348,235 shares, compared to its average volume of 330,721. The company has a 50 day moving average of $120.73 and a two-hundred day moving average of $131.54. The company has a market capitalization of $3.89 billion, a P/E ratio of 10.72 and a beta of 1.57. Boise Cascade has a 1 year low of $101.32 and a 1 year high of $155.42. 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 issued its earnings results on Thursday, February 20th. The construction company reported $1.78 earnings per share 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 analyst estimates of $1.57 billion.

Institutional Investors Weigh In On Boise Cascade

Institutional investors have recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. lifted its position in shares of Boise Cascade by 3.9% in the 4th quarter. Westwood Holdings Group Inc. now owns 1,192,621 shares of the construction company's stock worth $141,755,000 after acquiring an additional 45,010 shares during the period. American Century Companies Inc. lifted its position in Boise Cascade by 12.0% in the fourth 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 during the period. First Trust Advisors LP boosted its stake in Boise Cascade by 37.9% during the fourth quarter. First Trust Advisors LP now owns 712,527 shares of the construction company's stock worth $84,691,000 after buying an additional 195,773 shares in the last quarter. Northern Trust Corp increased its holdings in Boise Cascade by 17.8% in the 4th quarter. Northern Trust Corp now owns 483,165 shares of the construction company's stock valued at $57,429,000 after buying an additional 73,061 shares during the period. Finally, Norges Bank acquired a new position in shares of Boise Cascade in the 4th quarter valued at $55,680,000. 96.18% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Boise Cascade

In other Boise Cascade news, Director Kristopher J. Matula sold 553 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were 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 $1,351,292.84. This trade represents a 4.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.98% of the stock is owned by corporate insiders.

Boise Cascade Announces Dividend

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

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.