It has been reported that multiple insider activity took place at Boise Cascade Company (BCC). EVP, CFO and Treasurer RANCOURT WAYNE M sold 9,872 shares for $76,549 in transaction occurred on 2018/08/23. After making this transaction, EVP, CFO and Treasurer owns a direct stake of -41 shares, worth $2,033,907, as per the last closing price. On 2018/08/09 HIBBS KELLY E., VP and Controller at BCC, dumped 4,114 shares at an average price of $44.3 per share. The selling total is valued at $796,755.
SVP and General Counsel, SAHLBERG JOHN T. had divested 7,815 shares for $58,988 through a trade on 2018/08/08. Following this activity, the insider holds -40 shares worth $1,567,311 as of recent close.
iShares Core S&P Smallcap ETF revealed as top hedge fund owner in Boise Cascade Company (BCC) with a stake of over 2.28M BCC shares as of March 30, with a market value of approx. $61.03M as of today. The second largest holder, Delaware Group Equity Fds V-Small Cap Core Fund, with 1.06M shares which equates to $46.53M worth of the stock. At third is DFA U.S. Small Cap Value Series, which stood pat with 1M shares, a 2.99% position in Boise Cascade Company, worth $30.85M. The insider holding in stood at 2.1% while institutions hold 98.7%.
Boise Cascade Company (NYSE:BCC) rose 0.3% in recent trade and currently has a stock-market value of $1.03B. The shares finished at $26.57, after trading as low as $26.08 earlier in the session. It hit an intraday high Wednesday at $26.835. Trading activity significantly weakened as the volume at ready counter decreased to 258,435 shares versus 284,485 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 319,824 shares. The stock is now 20.77% above against its bear-market low of $22 on December 26, 2018. It has retreated -85.55% since it’s 52-week high of $49.3 reached in June. Now the market price is down -36.65% on the year and up 11.4% YTD.
BCC stock’s 50 day simple moving average (SMA 50) price is $27.13 and its 200-day simple moving average (SMA 200) price is $31.08. The company’s stock currently has a total float of 38.48M shares. Its weekly volatility is hovering around 3.02% and felt 3.44% volatility in price over a month. On the upside, the share price will test short term resistance at around $26.91. On a downside, the stock is likely to find some support, which begins at $26.16. The failure to get near-term support could push it to $25.74.
It had seen a positive analyst call from DA Davidson, which upgraded the stock from Neutral to Buy on February 27. Analysts at Seaport Global Securities, started covering the stock on March 15 with a Neutral rating. The stock lost favor of BofA/Merrill analysts who expressed their lack of confidence in it using a downgrade from Buy to Neutral on October 02. Goldman analysts came out with bearish views on October 26 when the call was made. They think the stock is now Neutral compared to to their prior call for Buy.
Moreover, it trades for 10.77 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.52x price/book and 0.21x price/sales. Compared to others, Boise Cascade Company is in a different league with regards to profitability, having net margins of -0.1%. To put some perspective around this, the industry’s average net margin is 4.52%. BCC’s ROE is -0.7%, which is also considerably worse than the industry’s ROE of 2.56%. It’s also very liquid in the near term, with a current ratio of 2.5. The stock has a debt/capital of 0.68.
Shares of BCC have dropped -9.3% since the company’s most recent earnings report. Over the past 12 fiscal quarters, Boise Cascade Company (NYSE:BCC) has topped consensus earnings estimates in 8 quarters (66%), missed earnings in 4 quarters (33%), whereas at 0 occasion EPS met analyst expectations. BCC last reported earnings that exceeded expectations. The company raked in $0.29 per share, -98.92% change on the same period last year. That was better than consensus for $0.23. Revenue for the recent quarter stood at $1.04 billion, down -12% on last year and below the $1.11 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $1.22 billion to $1.42 billion, which should be compared with $1.34 billion generated last year. EPS is seen in a range of $0.49 to $0.71, against the $0.95 reported a year ago.