Boise Cascade (NYSE: BCC) Receives Average “Hold” Analyst Rating
Boise Cascade (NYSE: BCC) has been given an average recommendation of “Hold” from the six research companies that cover the stock, reports Marketbeat Ratings. Two equity research analysts rated the stock with a sell rating, three issued a custody rating, and one issued a buy rating on the company. The year-over-year average price target among analysts who published a report on the stock in the past year is $ 56.20.
Several equity research analysts weighed on the company. The Goldman Sachs group assumed coverage of Boise Cascade in a report released Thursday, July 15. They issued a “sell” rating and a price target of $ 45 for the company. Zacks Investment Research downgraded Boise Cascade from a “strong buy” rating to a “conservation” rating in a research report released Tuesday.
Several large investors have recently changed their positions in BCC. Ameritas Investment Company LLC purchased a new position in Boise Cascade during the 1st quarter valued at approximately $ 26,000. Carolina Wealth Advisors LLC increased its position in Boise Cascade by 18.7% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 1,417 shares of the construction company valued at $ 83,000 after purchasing an additional 223 shares last quarter. FMR LLC increased its position in Boise Cascade by 436.4% during the 1st quarter. FMR LLC now owns 3,331 shares of the construction company valued at $ 89,000 after purchasing an additional 2,710 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Boise Cascade by 15.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,132 shares of the construction company valued at $ 127,000 after purchasing an additional 288 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Boise Cascade by 12.4% during the second quarter. PNC Financial Services Group Inc. now owns 2,396 shares of the construction company valued at $ 141,000 after purchasing an additional 264 shares in the last quarter. 91.06% of the shares are held by hedge funds and other institutional investors.
NYSE BCC opened at $ 55.92 on Thursday. Boise Cascade has a minimum of $ 36.90 over 52 weeks and a maximum of $ 78.35 over 52 weeks. The company has a debt ratio of 0.39, a quick ratio of 1.50, and a current ratio of 2.35. The stock has a 50-day simple moving average of $ 54.94 and a two-hundred-day simple moving average of $ 59.37. The stock has a market cap of $ 2.20 billion, a P / E ratio of 3.82, a price / earnings / growth ratio of 0.35, and a beta of 1.98.
Boise Cascade (NYSE: BCC) last released its quarterly earnings data on Sunday, August 1. The construction company reported earnings of $ 7.62 per share for the quarter, beating the consensus estimate of $ 4.87 by $ 2.75. Boise Cascade had a return on equity of 66.14% and a net margin of 7.93%. The company posted revenue of $ 2.44 billion in the quarter, compared to $ 2.06 billion expected by analysts. In the same quarter of last year, the company posted EPS of $ 0.85. The company’s revenue grew 96.6% year-over-year. Sell-side analysts expect Boise Cascade to post earnings per share of 15.54 for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 15. Shareholders of record on Wednesday, September 1 received a dividend of $ 0.10. This represents an annualized dividend of $ 0.40 and a dividend yield of 0.72%. The ex-dividend date of this dividend was Tuesday August 31. Boise Cascade’s dividend payout ratio is currently 6.53%.
Boise Cascade Company Profile
Boise Cascade Co is engaged in the manufacture and distribution of engineered wood (EWP) and plywood products. It operates through the Timber Products and Building Materials Distribution (BMD) segments. The Wood Products segment manufactures and sells engineered wood products, plywood, particle board, studs and ponderosa pine lumber.
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