Boise Cascade, L.L.C. (NYSE:BCC) Receives $101.83 Average PT from Analysts

Shares of Boise Cascade, L.L.C. (NYSE:BCC) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $101.8333.

A number of research firms have weighed in on BCC. BMO Capital Markets reissued an “outperform” rating on shares of Boise Cascade in a report on Thursday, January 8th. Truist Financial lifted their price target on shares of Boise Cascade from $88.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Weiss Ratings upgraded Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 28th. Finally, DA Davidson reaffirmed a “buy” rating and set a $95.00 target price on shares of Boise Cascade in a report on Thursday, November 20th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BCC. Capital Fund Management S.A. bought a new position in shares of Boise Cascade in the 2nd quarter worth $2,342,000. AlphaQuest LLC raised its holdings in Boise Cascade by 131.5% during the third quarter. AlphaQuest LLC now owns 35,873 shares of the construction company’s stock worth $2,774,000 after buying an additional 20,378 shares during the last quarter. ARGA Investment Management LP bought a new position in shares of Boise Cascade in the third quarter valued at $1,499,000. Allianz Asset Management GmbH grew its holdings in shares of Boise Cascade by 10.2% during the third quarter. Allianz Asset Management GmbH now owns 175,031 shares of the construction company’s stock valued at $13,533,000 after buying an additional 16,270 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Boise Cascade by 4.5% during the second quarter. American Century Companies Inc. now owns 1,281,435 shares of the construction company’s stock valued at $111,254,000 after buying an additional 55,052 shares during the last quarter. Institutional investors and hedge funds own 96.18% of the company’s stock.

Boise Cascade Stock Performance

Shares of BCC stock opened at $80.95 on Thursday. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 16.00 and a beta of 1.27. The company has a current ratio of 3.10, a quick ratio of 1.69 and a debt-to-equity ratio of 0.22. The business’s 50-day moving average price is $81.45 and its 200-day moving average price is $78.84. Boise Cascade has a 12 month low of $65.14 and a 12 month high of $108.43.

Boise Cascade Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Monday, February 23rd will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, February 23rd. Boise Cascade’s payout ratio is currently 17.39%.

About Boise Cascade

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.