Boise Cascade (NYSE:BCC) Price Target Lowered to $125.00 at DA Davidson

Boise Cascade (NYSE:BCC) had its price objective lowered by research analysts at DA Davidson from $155.00 to $125.00 in a report released on Monday,Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. DA Davidson’s target price points to a potential upside of 18.37% from the company’s previous close.

Several other research analysts have also recently commented on the company. The Goldman Sachs Group reduced their target price on Boise Cascade from $145.00 to $126.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Truist Financial decreased their target price on shares of Boise Cascade from $161.00 to $157.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Loop Capital dropped their price target on shares of Boise Cascade from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Monday. Finally, StockNews.com downgraded Boise Cascade from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Boise Cascade currently has a consensus rating of “Hold” and an average target price of $134.67.

Boise Cascade Stock Performance

NYSE:BCC traded down $1.19 during trading hours on Monday, hitting $105.60. 109,628 shares of the company traded hands, compared to its average volume of 292,765. The company has a current ratio of 3.13, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22. Boise Cascade has a twelve month low of $102.27 and a twelve month high of $155.42. The firm has a 50-day moving average of $123.15 and a 200 day moving average of $132.34. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of 11.02 and a beta of 1.57.

Boise Cascade (NYSE:BCC) last released its earnings results on Thursday, February 20th. The construction company reported $1.78 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.01). The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.57 billion. Boise Cascade had a return on equity of 16.89% and a net margin of 5.60%. On average, analysts forecast that Boise Cascade will post 10.15 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Harbor Capital Advisors Inc. acquired a new stake in Boise Cascade in the 3rd quarter valued at about $28,000. R Squared Ltd bought a new position in Boise Cascade in the 4th quarter valued at $29,000. Quarry LP increased its stake in shares of Boise Cascade by 502.4% in the 4th quarter. Quarry LP now owns 253 shares of the construction company’s stock valued at $30,000 after buying an additional 211 shares during the period. Larson Financial Group LLC raised its position in shares of 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 acquiring an additional 73 shares during the last quarter. Finally, Principal Securities Inc. lifted its stake in shares of Boise Cascade by 44.2% during the fourth quarter. Principal Securities Inc. now owns 473 shares of the construction company’s stock valued at $56,000 after acquiring an additional 145 shares during the period. 96.18% of the stock is owned by institutional investors.

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.