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

Boise Cascade (NYSE:BCC) had its price target decreased by DA Davidson from $155.00 to $125.00 in a report released on Monday morning,Benzinga reports. DA Davidson currently has a buy rating on the construction company’s stock. DA Davidson also issued estimates for Boise Cascade’s Q1 2025 earnings at $1.35 EPS and FY2026 earnings at $9.91 EPS.

A number of other brokerages have also recently weighed in on BCC. Truist Financial reduced their price target 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. The Goldman Sachs Group lowered their price target on shares of Boise Cascade from $145.00 to $126.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Loop Capital lowered their price target on shares of Boise Cascade from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Monday. Finally, StockNews.com lowered shares of Boise Cascade from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $128.50.

Boise Cascade Stock Performance

Shares of Boise Cascade stock opened at $104.03 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.34 and a quick ratio of 1.92. The firm has a market cap of $3.95 billion, a P/E ratio of 10.88 and a beta of 1.57. The firm has a 50 day simple moving average of $121.52 and a 200 day simple moving average of $131.84. Boise Cascade has a fifty-two week low of $102.27 and a fifty-two week high of $155.42.

Boise Cascade (NYSE:BCC) last announced its quarterly earnings data on Thursday, February 20th. The construction company reported $1.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.01). Boise Cascade had a net margin of 5.60% and a return on equity of 17.04%. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.57 billion. Sell-side analysts predict that Boise Cascade will post 10.15 earnings per share for the current fiscal year.

Boise Cascade Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Monday, February 24th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Monday, February 24th. Boise Cascade’s dividend payout ratio is 8.79%.

Insider Buying and Selling at Boise Cascade

In other news, Director Kristopher J. Matula sold 553 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $103.16, for a total transaction of $57,047.48. Following the completion of the sale, the director now directly owns 13,099 shares in the company, valued at $1,351,292.84. This represents a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.98% of the company’s stock.

Institutional Investors Weigh In On Boise Cascade

Several large investors have recently modified their holdings of BCC. Harbor Capital Advisors Inc. bought a new position in Boise Cascade during the third quarter worth $28,000. R Squared Ltd bought a new position in shares of Boise Cascade in the fourth quarter valued at $29,000. Quarry LP raised its holdings in shares of Boise Cascade by 502.4% in the fourth quarter. Quarry LP now owns 253 shares of the construction company’s stock valued at $30,000 after purchasing an additional 211 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of Boise Cascade by 23.9% in the third quarter. Larson Financial Group LLC now owns 378 shares of the construction company’s stock valued at $53,000 after purchasing an additional 73 shares during the last quarter. Finally, Principal Securities Inc. increased its holdings in Boise Cascade by 44.2% during the fourth quarter. Principal Securities Inc. now owns 473 shares of the construction company’s stock worth $56,000 after buying an additional 145 shares during the last quarter. 96.18% of the stock is currently owned by institutional investors and hedge funds.

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.