Boise Cascade, L.L.C. (NYSE:BCC) Receives $105.67 Consensus PT from Analysts
by Scott Moore · The Cerbat GemShares of Boise Cascade, L.L.C. (NYSE:BCC – Get Free Report) have received an average recommendation of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $105.6667.
Several brokerages have commented on BCC. DA Davidson restated a “buy” rating and set a $95.00 price target on shares of Boise Cascade in a research note on Tuesday, February 24th. Wall Street Zen raised Boise Cascade from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Boise Cascade in a research report on Thursday, January 8th. Weiss Ratings raised Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 30th. Finally, Truist Financial upped their target price on Boise Cascade from $92.00 to $103.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th.
Institutional Investors Weigh In On Boise Cascade
Several institutional investors and hedge funds have recently modified their holdings of the stock. Corient Private Wealth LLC purchased a new stake in shares of Boise Cascade in the fourth quarter worth about $425,000. Invesco Ltd. boosted its position in shares of Boise Cascade by 1.3% in the fourth quarter. Invesco Ltd. now owns 202,488 shares of the construction company’s stock worth $14,903,000 after buying an additional 2,640 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in shares of Boise Cascade by 2.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 33,481 shares of the construction company’s stock worth $2,464,000 after buying an additional 934 shares during the period. XTX Topco Ltd purchased a new stake in shares of Boise Cascade in the fourth quarter worth about $4,029,000. Finally, Concentric Capital Strategies LP boosted its position in shares of Boise Cascade by 202.0% in the fourth quarter. Concentric Capital Strategies LP now owns 425,179 shares of the construction company’s stock worth $31,293,000 after buying an additional 284,406 shares during the period. Hedge funds and other institutional investors own 96.18% of the company’s stock.
Boise Cascade Stock Performance
Shares of NYSE:BCC opened at $80.27 on Friday. The firm has a market capitalization of $2.88 billion, a PE ratio of 22.80, a P/E/G ratio of 1.13 and a beta of 1.23. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.36 and a quick ratio of 1.74. The business has a 50-day moving average of $79.11 and a two-hundred day moving average of $76.54. Boise Cascade has a 12 month low of $65.14 and a 12 month high of $98.20.
Boise Cascade Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Monday, February 23rd were given a $0.22 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $0.88 annualized dividend and a dividend yield of 1.1%. Boise Cascade’s dividend payout ratio is presently 25.00%.
Boise Cascade Company Profile
Boise Cascade Company operates as a leading manufacturer and distributor of wood products and building materials in North America. The company’s operations are organized into two primary segments: wood products manufacturing and building materials distribution. In its manufacturing segment, Boise Cascade produces a wide array of engineered wood products, including plywood, oriented strand board (OSB), lumber, particleboard and laminated veneer lumber (LVL), serving residential, commercial and industrial customers.
In its distribution segment, Boise Cascade sources and delivers building materials through an extensive network of distribution centers, servicing professional builders, remodelers, contractors and industrial customers.