Shares of Boise Cascade Co (NYSE:BCC) have earned an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $41.33.
BCC has been the subject of several recent analyst reports. Vertical Research raised shares of Boise Cascade from a “hold” rating to a “buy” rating in a research note on Thursday, October 11th. Zacks Investment Research raised shares of Boise Cascade from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Wednesday, August 29th. ValuEngine lowered shares of Boise Cascade from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. Finally, DA Davidson dropped their price objective on shares of Boise Cascade to $35.00 and set a “neutral” rating for the company in a research note on Wednesday, November 7th.
Large investors have recently added to or reduced their stakes in the company. Advisors Preferred LLC bought a new stake in shares of Boise Cascade during the second quarter worth $176,000. CIBC Asset Management Inc bought a new stake in shares of Boise Cascade during the second quarter worth $208,000. Sun Life Financial INC bought a new stake in shares of Boise Cascade during the second quarter worth $216,000. Private Advisor Group LLC bought a new stake in shares of Boise Cascade during the second quarter worth $240,000. Finally, Tocqueville Asset Management L.P. bought a new stake in shares of Boise Cascade during the third quarter worth $207,000. Institutional investors and hedge funds own 96.10% of the company’s stock.
NYSE BCC traded up $0.39 on Thursday, hitting $25.79. 490,100 shares of the stock were exchanged, compared to its average volume of 452,389. The company has a quick ratio of 1.17, a current ratio of 2.36 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $988.28 million, a price-to-earnings ratio of 13.49, a PEG ratio of 0.96 and a beta of 2.00. Boise Cascade has a 52-week low of $24.73 and a 52-week high of $49.30.
Boise Cascade (NYSE:BCC) last posted its quarterly earnings data on Tuesday, November 6th. The construction company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.75 by $0.01. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. Boise Cascade had a net margin of 2.23% and a return on equity of 17.97%. Boise Cascade’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.81 earnings per share. Equities research analysts anticipate that Boise Cascade will post 2.84 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.40%. This is a positive change from Boise Cascade’s previous quarterly dividend of $0.07. The ex-dividend date is Friday, November 30th. Boise Cascade’s payout ratio is presently 18.85%.
About Boise Cascade
Boise Cascade Company manufactures wood products and distributes building materials in the United States and Canada. It operates in 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 lumber, studs, and particleboards.
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