Boise Cascade Co (NYSE:BCC) VP Jill Twedt sold 642 shares of Boise Cascade stock in a transaction on Monday, November 11th. The stock was sold at an average price of $38.26, for a total transaction of $24,562.92. Following the transaction, the vice president now directly owns 16,611 shares in the company, valued at $635,536.86. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of NYSE:BCC traded down $0.93 during midday trading on Friday, reaching $37.63. The company had a trading volume of 9,874 shares, compared to its average volume of 361,801. The company’s 50 day moving average price is $34.49 and its 200 day moving average price is $29.26. The company has a current ratio of 2.53, a quick ratio of 1.42 and a debt-to-equity ratio of 0.72. The stock has a market cap of $1.50 billion, a P/E ratio of 16.45, a P/E/G ratio of 2.63 and a beta of 2.02. Boise Cascade Co has a 52-week low of $22.00 and a 52-week high of $39.65.
Boise Cascade (NYSE:BCC) last issued its quarterly earnings results on Thursday, November 7th. The construction company reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.01. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Boise Cascade had a negative net margin of 0.13% and a positive return on equity of 8.10%. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 EPS. Research analysts forecast that Boise Cascade Co will post 1.88 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.10 dividend. This is an increase from Boise Cascade’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Friday, November 29th. Boise Cascade’s payout ratio is 15.72%.
A number of institutional investors have recently made changes to their positions in the stock. Strs Ohio raised its stake in Boise Cascade by 1.7% in the 2nd quarter. Strs Ohio now owns 30,700 shares of the construction company’s stock valued at $862,000 after acquiring an additional 500 shares during the period. Versant Capital Management Inc raised its stake in Boise Cascade by 183.5% in the 3rd quarter. Versant Capital Management Inc now owns 788 shares of the construction company’s stock valued at $25,000 after acquiring an additional 510 shares during the period. Arizona State Retirement System raised its stake in Boise Cascade by 1.2% in the 2nd quarter. Arizona State Retirement System now owns 60,459 shares of the construction company’s stock valued at $1,700,000 after acquiring an additional 745 shares during the period. Crossmark Global Holdings Inc. raised its stake in Boise Cascade by 5.8% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 15,090 shares of the construction company’s stock valued at $424,000 after acquiring an additional 830 shares during the period. Finally, First Interstate Bank raised its stake in Boise Cascade by 56.6% in the 3rd quarter. First Interstate Bank now owns 2,999 shares of the construction company’s stock valued at $98,000 after acquiring an additional 1,084 shares during the period. Institutional investors and hedge funds own 91.08% of the company’s stock.
BCC has been the topic of a number of research analyst reports. DA Davidson downgraded shares of Boise Cascade from a “buy” rating to a “neutral” rating and set a $40.00 price target on the stock. in a report on Friday, November 8th. Zacks Investment Research downgraded shares of Boise Cascade from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine raised shares of Boise Cascade from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. BMO Capital Markets boosted their price target on shares of Boise Cascade from $30.00 to $35.00 and gave the stock a “market perform” rating in a report on Monday. Finally, Vertical Research downgraded shares of Boise Cascade from a “buy” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $33.00.
Boise Cascade Company Profile
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; and structural, appearance, and industrial plywood panels.
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