DA Davidson Issues Positive Forecast for Boise Cascade (NYSE:BCC) Stock Price
by Sarita Garza · The Markets DailyBoise Cascade (NYSE:BCC – Get Free Report) had its price target boosted by investment analysts at DA Davidson from $92.00 to $99.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. DA Davidson’s price objective suggests a potential upside of 16.92% from the stock’s current price.
Other analysts have also issued reports about the stock. The Goldman Sachs Group upped their price target on shares of Boise Cascade from $81.00 to $91.00 and gave the stock a “neutral” rating in a research report on Wednesday. Zacks Research raised shares of Boise Cascade from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Truist Financial set a $97.00 price objective on shares of Boise Cascade in a research note on Wednesday, May 6th. Weiss Ratings cut shares of Boise Cascade from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. Finally, Bank of America raised their target price on shares of Boise Cascade from $80.00 to $81.00 and gave the company an “underperform” rating in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Boise Cascade presently has a consensus rating of “Hold” and a consensus target price of $93.60.
View Our Latest Analysis on Boise Cascade
Boise Cascade Stock Down 2.1%
Shares of NYSE:BCC traded down $1.82 during trading on Wednesday, hitting $84.67. 419,317 shares of the company were exchanged, compared to its average volume of 432,491. Boise Cascade has a fifty-two week low of $65.00 and a fifty-two week high of $91.97. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 28.61, a P/E/G ratio of 1.15 and a beta of 1.10. The company has a current ratio of 2.77, a quick ratio of 1.37 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average price of $74.45 and a two-hundred day moving average price of $76.93.
Boise Cascade (NYSE:BCC – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The construction company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.23 by $0.40. Boise Cascade had a return on equity of 5.37% and a net margin of 1.64%.The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the firm posted $1.64 EPS. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, research analysts anticipate that Boise Cascade will post 3.83 earnings per share for the current fiscal year.
Insider Activity at Boise Cascade
In other news, SVP Jill Twedt sold 6,070 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $66.45, for a total value of $403,351.50. Following the transaction, the senior vice president directly owned 26,545 shares of the company’s stock, 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 can be accessed through this link. 1.42% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. ARGA Investment Management LP lifted its position in Boise Cascade by 8.0% during the second quarter. ARGA Investment Management LP now owns 27,231 shares of the construction company’s stock worth $2,114,000 after acquiring an additional 2,019 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in shares of Boise Cascade by 22.2% during the second quarter. Pictet Asset Management Holding SA now owns 117,675 shares of the construction company’s stock worth $9,135,000 after purchasing an additional 21,362 shares during the period. Ruffer LLP lifted its holdings in Boise Cascade by 10.3% during the 2nd quarter. Ruffer LLP now owns 36,054 shares of the construction company’s stock worth $2,796,000 after purchasing an additional 3,374 shares during the last quarter. Ethic Inc. boosted its stake in Boise Cascade by 17.0% in the 2nd quarter. Ethic Inc. now owns 3,599 shares of the construction company’s stock valued at $279,000 after purchasing an additional 522 shares during the period. Finally, Swiss Life Asset Management Ltd bought a new stake in Boise Cascade in the 2nd quarter valued at $212,000. Institutional investors and hedge funds own 96.18% of the company’s stock.
More Boise Cascade News
Here are the key news stories impacting Boise Cascade this week:
- Positive Sentiment: Quarterly results exceeded expectations. Boise Cascade reported second-quarter earnings of $1.63 per share, above the $1.23 consensus estimate, while revenue rose 5.2% year over year to $1.83 billion, exceeding expectations of $1.77 billion. Earnings were broadly stable compared with $1.64 per share in the prior-year quarter. Boise Cascade Company Reports Second Quarter 2026 Results
- Positive Sentiment: Goldman Sachs raised its price target. The firm increased its target for BCC from $81 to $91, implying approximately 7.5% upside from the referenced $84.67 price. However, it maintained a “neutral” rating, signaling limited conviction that the stock will significantly outperform. Goldman Sachs Price Target Update
- Positive Sentiment: Momentum and valuation screens remain supportive. Zacks identified Boise Cascade among attractively valued low price-to-sales stocks with revenue potential and separately highlighted the company as a strong momentum stock. Low P/S Stocks With Revenue Potential
- Positive Sentiment: Distribution partnership expanded. Boise Cascade and James Hardie expanded their nationwide distribution partnership, potentially broadening product availability and supporting future sales. Boise Cascade and James Hardie Expand Distribution Partnership
- Negative Sentiment: Investors remain focused on execution and transition risks. Commentary from the earnings call described a balance between growth opportunities and risks tied to the company’s transition, which could temper enthusiasm despite the earnings beat. Boise Cascade Balances Growth With Transition Risks
Boise Cascade Company Profile
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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