Boise Cascade’s (BCC) “Hold” Rating Reiterated at Benchmark

Boise Cascade (NYSE:BCC)‘s stock had its “hold” rating reissued by stock analysts at Benchmark in a research report issued on Tuesday,Benzinga reports.

A number of other brokerages have also issued reports on BCC. DA Davidson decreased their target price on shares of Boise Cascade from $155.00 to $125.00 and set a “buy” rating for the company in a research report on Monday. The Goldman Sachs Group decreased their price objective on shares of Boise Cascade from $145.00 to $126.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. StockNews.com lowered shares of Boise Cascade from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Loop Capital cut their target price on Boise Cascade from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Monday. Finally, Truist Financial lowered their price target on Boise Cascade from $157.00 to $134.00 and set a “buy” rating on the stock in a research report on Monday. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $130.83.

Boise Cascade Trading Up 1.2 %

Shares of NYSE BCC traded up $1.27 during trading on Tuesday, hitting $104.96. 28,741 shares of the company traded hands, compared to its average volume of 300,214. The firm has a market capitalization of $3.98 billion, a P/E ratio of 10.98 and a beta of 1.57. The company has a quick ratio of 1.92, a current ratio of 3.34 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average price of $122.50 and a 200-day moving average price of $132.18. Boise Cascade has a 1 year low of $102.27 and a 1 year high of $155.42.

Boise Cascade (NYSE:BCC) last released its quarterly earnings results on Thursday, February 20th. The construction company reported $1.78 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.01). Boise Cascade had a return on equity of 17.04% and a net margin of 5.60%. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.57 billion. On average, equities analysts predict that Boise Cascade will post 10.15 EPS for the current year.

Institutional Trading of Boise Cascade

Large investors have recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. lifted its position in shares of Boise Cascade by 3.9% during the fourth quarter. Westwood Holdings Group Inc. now owns 1,192,621 shares of the construction company’s stock worth $141,755,000 after purchasing an additional 45,010 shares in the last quarter. American Century Companies Inc. lifted its position in Boise Cascade by 12.0% during the 4th quarter. American Century Companies Inc. now owns 1,134,364 shares of the construction company’s stock valued at $134,831,000 after purchasing an additional 121,790 shares during the period. First Trust Advisors LP boosted its stake in shares of Boise Cascade by 37.9% in the 4th quarter. First Trust Advisors LP now owns 712,527 shares of the construction company’s stock valued at $84,691,000 after purchasing an additional 195,773 shares during the last quarter. Northern Trust Corp grew its position in shares of Boise Cascade by 17.8% during the 4th quarter. Northern Trust Corp now owns 483,165 shares of the construction company’s stock worth $57,429,000 after buying an additional 73,061 shares during the period. Finally, Norges Bank bought a new stake in shares of Boise Cascade during the fourth quarter worth approximately $55,680,000. 96.18% of the stock is owned by institutional investors.

Boise Cascade Company Profile

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.