Several other equities analysts have also commented on the stock. Goldman Sachs Group raised shares of Boise Cascade from a neutral rating to a buy rating and set a $34.00 target price on the stock in a report on Monday, June 24th. Bank of America lowered shares of Boise Cascade from a neutral rating to an underperform rating and set a $22.00 target price on the stock. in a report on Friday, July 12th. Finally, Zacks Investment Research lowered shares of Boise Cascade from a buy rating to a hold rating in a report on Monday, July 15th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $31.80.
Shares of NYSE:BCC opened at $30.41 on Tuesday. The business has a fifty day moving average of $27.04. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 2.70 and a beta of 2.10. Boise Cascade has a one year low of $22.00 and a one year high of $47.15. The company has a quick ratio of 1.13, a current ratio of 2.53 and a debt-to-equity ratio of 0.74.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Friday, August 30th. Boise Cascade’s dividend payout ratio is currently 15.72%.
In other news, Director Kristopher J. Matula purchased 3,500 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were acquired at an average price of $23.12 per share, with a total value of $80,920.00. Following the acquisition, the director now directly owns 14,049 shares in the company, valued at $324,812.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.50% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in the business. Cable Hill Partners LLC purchased a new position in Boise Cascade during the 1st quarter valued at about $27,000. FMR LLC lifted its position in Boise Cascade by 436.4% during the 1st quarter. FMR LLC now owns 3,331 shares of the construction company’s stock valued at $89,000 after acquiring an additional 2,710 shares during the period. Advisory Services Network LLC purchased a new position in Boise Cascade during the 2nd quarter valued at about $115,000. Investors Research Corp purchased a new position in Boise Cascade during the 1st quarter valued at about $120,000. Finally, 6 Meridian purchased a new position in Boise Cascade during the 1st quarter valued at about $213,000. 90.50% of the stock is currently owned by institutional investors and hedge funds.
About Boise Cascade
Boise Cascade Company manufactures wood products and distributes building materials in the United States and Canada. It operates in 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; and structural, appearance, and industrial plywood panels.
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