Boise Cascade upgraded by Truist with a new price target
$BCC
RETAIL: Building Materials
Consumer Discretionary
Truist upgraded Boise Cascade from Hold to Buy and set a new price target of $100.00 from $66.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/1/2024 | $155.00 | Buy | Loop Capital |
| 10/16/2023 | $111.00 | Neutral → Underperform | BofA Securities |
| 7/10/2023 | Underperform → Neutral | BofA Securities | |
| 6/28/2023 | $66.00 → $100.00 | Hold → Buy | Truist |
| 10/13/2022 | Neutral → Underperform | BofA Securities | |
| 6/29/2022 | $64.00 | Hold | Truist |
| 6/23/2022 | $71.00 | Buy → Neutral | BofA Securities |
| 5/10/2022 | Buy → Hold | The Benchmark Company |
Boise Cascade Company ("Boise Cascade," the "Company," "we," or "our") (NYSE:BCC) today reported net income of $91.0 million, or $2.33 per share, on sales of $1.7 billion for the third quarter ended September 30, 2024, compared with net income of $143.1 million, or $3.58 per share, on sales of $1.8 billion for the third quarter ended September 30, 2023. "In what has proven to be a moderate demand environment, once again, we were able to deliver good financial results in the third quarter. We could not have done this without the tremendous efforts of our associates and our unique combination of best-in-class engineered wood products and an unmatched nationwide wholesale distribution network
Boise Cascade Company's (Boise Cascade or the Company) (NYSE:BCC) Board of Directors declared a quarterly dividend of $0.21 per share to holders of its common stock. The dividend will be paid on December 18, 2024 to stockholders of record on December 2, 2024. Future dividend declarations, including amount per share, record date and payment date, will be made by the board of directors and will depend upon, among other things, legal capital requirements and surplus, the Company's future operations and earnings, general financial condition, material cash requirements, restrictions imposed by our asset-based credit facility and the indenture governing our senior notes, applicable laws, and oth
Boise Cascade Company (NYSE:BCC) will host a webcast and conference call to discuss 2024 third quarter earnings on Tuesday, November 5, 2024, at 10 a.m. Eastern. To join the webcast, go to the Investors section of our website at www.bc.com/investors and select the Event Calendar link. Analysts and investors who wish to ask questions during the Q&A session can register for the call here. The archived webcast will be available in the Investors section of Boise Cascade's website. About Boise Cascade Boise Cascade is one of the largest producers of engineered wood products and plywood in North America and a leading U.S. wholesale distributor of building products. For more information, pleas
Boise Cascade Company (Boise Cascade) (NYSE:BCC) today announced the retirement of Tom Hoffmann, Senior Vice President of Purchasing, Building Materials Distribution (BMD) division, effective March 1, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240115997907/en/Tom Hoffmann, Senior Vice President of Purchasing, Boise Cascade Company (Photo: Business Wire) Tom joined Boise Cascade in 1981. He served in many key roles and leadership positions over the years, including Division Operations Manager, Pacific Region Manager, and Denver Branch Manager. Tom holds a bachelor's degree in business with a dual major in management and
Boise Cascade Company's (NYSE:BCC) Building Materials Distribution (BMD) division announced today that it has completed the purchase of a 20-acre property in Modesto, CA. The Company's current operations in Lathrop, CA, will relocate to this new facility, which includes office space and 190,000 sq. ft. enclosed warehouse served by rail. "We are very excited to join the Modesto community," said Bill Carr, Branch Manager. "This move will better enable us to serve our entire market today as well as put us in a fantastic position for the future." "The purchase in Modesto aligns with our growth strategy in the markets we currently serve to expand product depth and service for our customers
Boise Cascade Company (Boise Cascade) (NYSE:BCC) today announced the retirement of Rich Viola, Senior Vice President of Sales and Marketing, Building Materials Distribution (BMD) division, effective March 1, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230117006063/en/Rich Viola, Senior Vice President, Boise Cascade (Photo: Business Wire) Rich began his career at Billerica, Massachusetts-based Furman Lumber in 1980 after earning his bachelor's degree in marketing from Northeastern University in Boston. In 1999, Rich joined Boise Cascade when it acquired Furman. He steadily advanced through various sales and marketing role
Loop Capital initiated coverage of Boise Cascade with a rating of Buy and set a new price target of $155.00
BofA Securities downgraded Boise Cascade from Neutral to Underperform and set a new price target of $111.00
BofA Securities upgraded Boise Cascade from Underperform to Neutral
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Boise Cascade's (NYSE:BCC) short percent of float has fallen 5.15% since its last report. The company recently reported that it has 988 thousand shares sold short, which is 3.68% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.01 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest
Truist Securities analyst Michael Roxland maintains Boise Cascade (NYSE:BCC) with a Buy and lowers the price target from $175 to $159.
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Trex Company (NYSE:TREX), the world's largest manufacturer of high-performance, wood-alternative decking and railing, has strengthened its relationship with Boise Cascade (NYSE:BCC), the leading national distributor of building products. Moving forward, Trex will be the only brand of composite decking and deck railings sold and distributed by Boise locations participating in the Trex program across the country, including incremental Trex distribution that Boise is gaining in New Jersey and the surrounding region. This increased commitment to Trex correlates with the brand's expanded product offering. After bolstering its decking portfolio with introductions like Trex Signature® and Trex T
Boise Cascade Company ("Boise Cascade," the "Company," "we," or "our") (NYSE:BCC) today reported net income of $91.0 million, or $2.33 per share, on sales of $1.7 billion for the third quarter ended September 30, 2024, compared with net income of $143.1 million, or $3.58 per share, on sales of $1.8 billion for the third quarter ended September 30, 2023. "In what has proven to be a moderate demand environment, once again, we were able to deliver good financial results in the third quarter. We could not have done this without the tremendous efforts of our associates and our unique combination of best-in-class engineered wood products and an unmatched nationwide wholesale distribution network
Boise Cascade Company's (Boise Cascade or the Company) (NYSE:BCC) Board of Directors declared a quarterly dividend of $0.21 per share to holders of its common stock. The dividend will be paid on December 18, 2024 to stockholders of record on December 2, 2024. Future dividend declarations, including amount per share, record date and payment date, will be made by the board of directors and will depend upon, among other things, legal capital requirements and surplus, the Company's future operations and earnings, general financial condition, material cash requirements, restrictions imposed by our asset-based credit facility and the indenture governing our senior notes, applicable laws, and oth