DA Davidson Decreases Earnings Estimates for Boise Cascade

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

Boise Cascade (NYSE:BCC) last issued its quarterly earnings data on Thursday, February 20th. The construction company reported $1.78 EPS for the quarter, missing the consensus estimate 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%.

BCC has been the topic of several other reports. Loop Capital decreased their price objective on shares of Boise Cascade from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Monday. BMO Capital Markets lowered their price objective on Boise Cascade from $136.00 to $122.00 and set a “market perform” rating on the stock in a report on Tuesday. StockNews.com lowered Boise Cascade from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group decreased their target price on Boise Cascade from $145.00 to $126.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Finally, Truist Financial lowered their price target on Boise Cascade from $157.00 to $134.00 and set a “buy” rating on the stock in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $128.50.

Boise Cascade Price Performance

Boise Cascade stock opened at $104.03 on Thursday. The stock has a market capitalization of $3.95 billion, a P/E ratio of 10.88 and a beta of 1.57. The company’s fifty day moving average price is $121.52 and its 200 day moving average price is $131.84. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.92 and a current ratio of 3.34. Boise Cascade has a 1 year low of $102.27 and a 1 year high of $155.42.

Institutional Trading of Boise Cascade

Hedge funds and other institutional investors have recently made changes to their positions in the company. Westwood Holdings Group Inc. grew its position 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 worth $141,755,000 after acquiring an additional 45,010 shares during the period. American Century Companies Inc. grew its holdings in shares of Boise Cascade by 12.0% during the 4th quarter. American Century Companies Inc. now owns 1,134,364 shares of the construction company’s stock worth $134,831,000 after purchasing an additional 121,790 shares during the period. First Trust Advisors LP lifted its position in Boise Cascade by 37.9% in the fourth quarter. First Trust Advisors LP now owns 712,527 shares of the construction company’s stock valued at $84,691,000 after buying an additional 195,773 shares during the last quarter. Northern Trust Corp boosted its stake 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 buying an additional 73,061 shares during the period. Finally, Norges Bank acquired a new stake in shares of Boise Cascade during the fourth quarter valued at about $55,680,000. Institutional investors and hedge funds own 96.18% of the company’s stock.

Insider Buying and Selling

In other Boise Cascade news, Director Kristopher J. Matula sold 553 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $103.16, for a total value of $57,047.48. Following the transaction, the director now directly owns 13,099 shares in the company, valued at $1,351,292.84. The trade was a 4.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.98% of the stock is currently owned by company insiders.

Boise Cascade Announces Dividend

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

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.