Boise Cascade (NYSE:BCC) Given New $125.00 Price Target at DA Davidson

Boise Cascade (NYSE:BCC) had its target price lowered by DA Davidson from $155.00 to $125.00 in a report published on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

Several other equities research analysts have also issued reports on BCC. Loop Capital lowered their target price on shares of Boise Cascade from $145.00 to $140.00 and set a “buy” rating for the company in a report on Monday. StockNews.com downgraded shares of Boise Cascade from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group decreased their price objective on Boise Cascade from $145.00 to $126.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Finally, Truist Financial lowered 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 note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Boise Cascade currently has a consensus rating of “Hold” and an average target price of $130.83.

Boise Cascade Trading Down 3.1 %

NYSE:BCC opened at $103.66 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.13 and a quick ratio of 1.90. The business has a fifty day moving average price of $122.50 and a 200-day moving average price of $132.18. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 10.84 and a beta of 1.57. Boise Cascade has a one year low of $102.27 and a one year high of $155.42.

Boise Cascade (NYSE:BCC) last posted its quarterly earnings results on Thursday, February 20th. The construction company reported $1.78 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.01). The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.57 billion. Boise Cascade had a return on equity of 16.89% and a net margin of 5.60%. Sell-side analysts forecast that Boise Cascade will post 10.15 EPS for the current year.

Boise Cascade Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Monday, February 24th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Monday, February 24th. Boise Cascade’s dividend payout ratio (DPR) is presently 8.79%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Larson Financial Group LLC increased its stake in 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 during the period. Sequoia Financial Advisors LLC raised its holdings in shares of Boise Cascade by 4.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,757 shares of the construction company’s stock valued at $248,000 after purchasing an additional 78 shares in the last quarter. Vise Technologies Inc. lifted its holdings in 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 buying an additional 100 shares during the last quarter. First Trust Direct Indexing L.P. boosted its holdings in Boise Cascade by 7.3% in the third quarter. First Trust Direct Indexing L.P. now owns 1,893 shares of the construction company’s stock valued at $267,000 after purchasing an additional 128 shares in the last quarter. Finally, Invst LLC boosted its holdings in shares of Boise Cascade by 2.6% in the 3rd quarter. Invst LLC now owns 5,060 shares of the construction company’s stock valued at $713,000 after buying an additional 128 shares in the last quarter. Institutional investors and hedge funds own 96.18% of the company’s stock.

About Boise Cascade

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.