Boise Cascade (NYSE:BCC) Given “Hold” Rating at Benchmark

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

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

Boise Cascade Trading Up 1.2 %

Shares of NYSE BCC traded up $1.27 during midday trading on Tuesday, reaching $104.96. 28,741 shares of the stock were exchanged, compared to its average volume of 300,214. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.34 and a quick ratio of 1.92. Boise Cascade has a 12 month low of $102.27 and a 12 month high of $155.42. The business has a 50-day simple moving average of $122.50 and a two-hundred day simple moving average of $132.18. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 10.98 and a beta of 1.57.

Boise Cascade (NYSE:BCC) last posted its earnings results on Thursday, February 20th. The construction company reported $1.78 earnings per share 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 business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.57 billion. As a group, equities research analysts expect that Boise Cascade will post 10.15 EPS for the current year.

Institutional Trading of Boise Cascade

Institutional investors and hedge funds have recently bought and sold shares of the stock. Westwood Holdings Group Inc. grew its stake in Boise Cascade by 3.9% in the fourth quarter. Westwood Holdings Group Inc. now owns 1,192,621 shares of the construction company’s stock valued at $141,755,000 after purchasing an additional 45,010 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Boise Cascade by 12.0% in the fourth quarter. American Century Companies Inc. now owns 1,134,364 shares of the construction company’s stock valued at $134,831,000 after buying an additional 121,790 shares in the last quarter. First Trust Advisors LP increased its holdings in Boise Cascade by 37.9% during the fourth quarter. First Trust Advisors LP now owns 712,527 shares of the construction company’s stock worth $84,691,000 after buying an additional 195,773 shares during the last quarter. Northern Trust Corp raised its position in Boise Cascade by 17.8% during the fourth quarter. Northern Trust Corp now owns 483,165 shares of the construction company’s stock worth $57,429,000 after acquiring an additional 73,061 shares in the last quarter. Finally, Norges Bank acquired a new stake in Boise Cascade in the fourth quarter valued at $55,680,000. Institutional investors own 96.18% of the company’s stock.

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.