Key Points
- Boise Cascade SVP Jill Twedt sold 6,070 shares on May 13 at an average price of $66.45, generating about $403,351.50. After the sale, she still owned 26,545 shares, a reduction of 18.61% in her stake.
- The company recently beat earnings expectations, reporting $0.50 EPS versus the $0.43 consensus and revenue of $1.50 billion, though revenue declined 2.5% year over year.
- Boise Cascade announced a quarterly dividend of $0.22 per share, payable June 17, implying an annualized yield of 1.3% and a payout ratio of 29.73%.
Boise Cascade, L.L.C. (NYSE:BCC - Get Free Report) SVP Jill Twedt sold 6,070 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $66.45, for a total transaction of $403,351.50. Following the completion of the transaction, the senior vice president owned 26,545 shares in the company, valued at $1,763,915.25. This represents a 18.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Boise Cascade Price Performance
BCC opened at $69.41 on Friday. The company has a fifty day moving average price of $75.65 and a two-hundred day moving average price of $77.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.37 and a current ratio of 2.77. Boise Cascade, L.L.C. has a 52 week low of $65.14 and a 52 week high of $95.00. The firm has a market capitalization of $2.44 billion, a PE ratio of 23.45, a P/E/G ratio of 1.00 and a beta of 1.15.
Boise Cascade (NYSE:BCC - Get Free Report) last issued its earnings results on Monday, May 4th. The construction company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.43 by $0.07. Boise Cascade had a net margin of 1.73% and a return on equity of 5.55%. The company had revenue of $1.50 billion during the quarter, compared to analysts' expectations of $1.46 billion. During the same quarter in the previous year, the company posted $1.06 EPS. The business's revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, analysts anticipate that Boise Cascade, L.L.C. will post 3.67 earnings per share for the current year.
Boise Cascade Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Monday, June 1st will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Monday, June 1st. Boise Cascade's dividend payout ratio is currently 29.73%.
Institutional Investors Weigh In On Boise Cascade
A number of hedge funds have recently modified their holdings of the business. Royal Bank of Canada increased its stake in Boise Cascade by 4.0% during the 1st quarter. Royal Bank of Canada now owns 34,704 shares of the construction company's stock worth $3,404,000 after purchasing an additional 1,332 shares in the last quarter. AQR Capital Management LLC lifted its stake in Boise Cascade by 8.8% in the first quarter. AQR Capital Management LLC now owns 36,639 shares of the construction company's stock valued at $3,594,000 after buying an additional 2,966 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Boise Cascade by 1,638.4% in the first quarter. Jones Financial Companies Lllp now owns 4,120 shares of the construction company's stock valued at $404,000 after buying an additional 3,883 shares during the period. United Services Automobile Association bought a new stake in shares of Boise Cascade during the first quarter worth $258,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Boise Cascade by 2.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 203,631 shares of the construction company's stock worth $19,974,000 after acquiring an additional 3,978 shares in the last quarter. Institutional investors and hedge funds own 96.18% of the company's stock.
Analysts Set New Price Targets
Several research firms have recently issued reports on BCC. The Goldman Sachs Group boosted their target price on Boise Cascade from $85.00 to $94.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 25th. DA Davidson cut their price target on shares of Boise Cascade from $95.00 to $92.00 and set a "buy" rating on the stock in a research report on Wednesday, May 6th. Weiss Ratings lowered shares of Boise Cascade from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday, May 4th. Wall Street Zen upgraded shares of Boise Cascade from a "sell" rating to a "hold" rating in a report on Saturday, February 28th. Finally, Zacks Research upgraded shares of Boise Cascade from a "strong sell" rating to a "hold" rating in a report on Wednesday, May 6th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Boise Cascade currently has a consensus rating of "Hold" and a consensus target price of $98.00.
View Our Latest Stock Analysis on BCC
Boise Cascade Company Profile
(
Get Free Report)
Boise Cascade Company operates as a leading manufacturer and distributor of wood products and building materials in North America. The company's operations are organized into two primary segments: wood products manufacturing and building materials distribution. In its manufacturing segment, Boise Cascade produces a wide array of engineered wood products, including plywood, oriented strand board (OSB), lumber, particleboard and laminated veneer lumber (LVL), serving residential, commercial and industrial customers.
In its distribution segment, Boise Cascade sources and delivers building materials through an extensive network of distribution centers, servicing professional builders, remodelers, contractors and industrial customers.
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