FY2025 EPS Estimates for Boise Cascade Cut by DA Davidson

Boise Cascade (NYSE:BCC) – Investment analysts at DA Davidson lowered their FY2025 earnings per share estimates for shares of Boise Cascade in a research report issued on Tuesday, February 25th. DA Davidson analyst K. Yinger now expects that the construction company will earn $7.90 per share for the year, down from their previous estimate of $10.46. DA Davidson has a “Buy” rating and a $125.00 price target on the stock. The consensus estimate for Boise Cascade’s current full-year earnings is $10.15 per share.

Boise Cascade (NYSE:BCC) last announced its quarterly earnings data 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 business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.57 billion. Boise Cascade had a net margin of 5.60% and a return on equity of 17.04%.

Several other equities analysts have also recently issued reports on BCC. Loop Capital decreased their price objective on Boise Cascade from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Monday. StockNews.com downgraded shares of Boise Cascade from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. BMO Capital Markets cut their price target on Boise Cascade from $136.00 to $122.00 and set a “market perform” rating on the stock in a research note on Tuesday. Benchmark reaffirmed a “hold” rating on shares of Boise Cascade in a research report on Tuesday. Finally, The Goldman Sachs Group dropped their price objective on Boise Cascade from $145.00 to $126.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. 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 stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $128.50.

Boise Cascade Stock Down 2.3 %

Shares of NYSE BCC opened at $104.03 on Thursday. The stock has a market cap of $3.95 billion, a P/E ratio of 10.88 and a beta of 1.57. The business’s fifty day simple moving average is $121.52 and its 200-day simple moving average is $131.84. Boise Cascade has a 12-month low of $102.27 and a 12-month high of $155.42. The company has a current ratio of 3.34, a quick ratio of 1.92 and a debt-to-equity ratio of 0.22.

Institutional Trading of Boise Cascade

Hedge funds have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp lifted its stake in shares of Boise Cascade by 263.7% in the 4th quarter. Mackenzie Financial Corp now owns 19,142 shares of the construction company’s stock worth $2,275,000 after acquiring an additional 13,879 shares during the period. Public Employees Retirement System of Ohio raised its holdings in Boise Cascade by 3.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 50,833 shares of the construction company’s stock worth $6,042,000 after purchasing an additional 1,471 shares in the last quarter. Vise Technologies Inc. lifted its position in Boise Cascade by 3.4% in the fourth quarter. Vise Technologies Inc. now owns 3,021 shares of the construction company’s stock valued at $359,000 after purchasing an additional 100 shares during the period. Voloridge Investment Management LLC lifted its position in Boise Cascade by 80.9% in the fourth quarter. Voloridge Investment Management LLC now owns 15,702 shares of the construction company’s stock valued at $1,866,000 after purchasing an additional 7,021 shares during the period. Finally, Westwood Holdings Group Inc. increased its position in Boise Cascade by 3.9% during the 4th 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 during the period. 96.18% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Kristopher J. Matula sold 553 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $103.16, for a total transaction of $57,047.48. Following the transaction, the director now owns 13,099 shares of the company’s stock, valued at $1,351,292.84. This trade 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 this link. Corporate insiders own 0.98% of the company’s stock.

Boise Cascade Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Monday, February 24th will be paid a $0.21 dividend. 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 currently 8.79%.

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.