Boise Cascade L.L.C. (NYSE:BCC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.

According to Zacks, “Boise Cascade Company operates as a wood products manufacturer and building materials distributor. The Company manufactures engineered wood products, plywood, lumber and particleboard and distributes wood products, such as decking, EWP, lumber, panel, particleboard, and MDF products. It has operations primarily in the United States and Canada. Boise Cascade Company is headquartered in Boise, Idaho. “

A number of other analysts also recently weighed in on BCC. Bank of America Corp. downgraded Boise Cascade L.L.C. from a “buy” rating to a “neutral” rating and set a $23.00 target price for the company. in a research report on Friday, July 1st. They noted that the move was a valuation call. BMO Capital Markets restated a “buy” rating and set a $30.00 price objective on shares of Boise Cascade L.L.C. in a research report on Tuesday, July 12th. TheStreet upgraded Boise Cascade L.L.C. from a “hold” rating to a “buy” rating in a research report on Thursday, July 28th. Finally, Goldman Sachs Group Inc. began coverage on Boise Cascade L.L.C. in a research report on Thursday, September 22nd. They set a “buy” rating and a $34.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $29.75.

Boise Cascade L.L.C. (NYSE:BCC) traded up 2.34% during trading on Wednesday, hitting $24.97. The stock had a trading volume of 271,796 shares. Boise Cascade L.L.C. has a 52 week low of $13.80 and a 52 week high of $33.15. The company has a 50-day moving average of $25.35 and a 200 day moving average of $23.55. The company has a market cap of $967.59 million, a price-to-earnings ratio of 20.02 and a beta of 1.84.

Boise Cascade L.L.C. (NYSE:BCC) last released its earnings results on Thursday, July 28th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.12. The firm earned $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Boise Cascade L.L.C. had a return on equity of 9.37% and a net margin of 1.28%. The company’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 EPS. On average, equities research analysts anticipate that Boise Cascade L.L.C. will post $1.47 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Frontier Capital Management Co. LLC increased its position in Boise Cascade L.L.C. by 60.8% in the second quarter. Frontier Capital Management Co. LLC now owns 2,060,764 shares of the company’s stock valued at $47,295,000 after buying an additional 778,948 shares in the last quarter. SG Capital Management LLC purchased a new position in Boise Cascade L.L.C. during the second quarter valued at approximately $9,193,000. Vanguard Group Inc. increased its position in Boise Cascade L.L.C. by 13.3% in the second quarter. Vanguard Group Inc. now owns 3,094,171 shares of the company’s stock valued at $71,012,000 after buying an additional 363,695 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in Boise Cascade L.L.C. by 189.7% in the second quarter. UBS Asset Management Americas Inc. now owns 548,633 shares of the company’s stock valued at $12,590,000 after buying an additional 359,221 shares in the last quarter. Finally, Bogle Investment Management L P DE purchased a new position in Boise Cascade L.L.C. during the first quarter valued at approximately $7,266,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.

About Boise Cascade L.L.C.

Boise Cascade Company, formerly Boise Cascade, LLC., is a plywood and engineered wood products (EWP) manufacturer and building materials distributor with operations throughout the United States. The Company’s segments include Wood Products, Building Materials Distribution, and Corporate and Other. Its Wood Products segment manufactures plywood, EWP, studs, particleboard and ponderosa pine lumber.

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