Boise Cascade, L.L.C. (NYSE:BCC) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Monday, July 24th.

Several other equities analysts also recently issued reports on BCC. Zacks Investment Research upgraded shares of Boise Cascade, L.L.C. from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective on the stock in a report on Monday, May 8th. TheStreet upgraded shares of Boise Cascade, L.L.C. from a “c” rating to a “b” rating in a report on Friday, May 5th. BMO Capital Markets restated a “hold” rating and set a $30.00 price objective on shares of Boise Cascade, L.L.C. in a report on Wednesday, April 12th. Finally, Bank of America Corporation upgraded shares of Boise Cascade, L.L.C. from a “neutral” rating to a “buy” rating and upped their price objective for the company from $32.00 to $34.00 in a report on Tuesday, April 4th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $31.50.

Boise Cascade, L.L.C. (NYSE BCC) traded down 1.54% during mid-day trading on Monday, reaching $28.80. 344,186 shares of the company’s stock were exchanged. Boise Cascade, L.L.C. has a one year low of $17.80 and a one year high of $33.40. The company’s 50-day moving average is $29.60 and its 200 day moving average is $28.58. The firm has a market capitalization of $1.11 billion, a P/E ratio of 24.20 and a beta of 2.05.

Boise Cascade, L.L.C. (NYSE:BCC) last announced its earnings results on Thursday, July 27th. The construction company reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.04. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. Boise Cascade, L.L.C. had a return on equity of 8.32% and a net margin of 1.13%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 earnings per share. Equities analysts predict that Boise Cascade, L.L.C. will post $1.65 earnings per share for the current fiscal year.

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In related news, VP Kelly E. Hibbs sold 1,511 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $31.50, for a total value of $47,596.50. Following the transaction, the vice president now owns 25,868 shares in the company, valued at approximately $814,842. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Nick Stokes sold 4,227 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $32.35, for a total transaction of $136,743.45. Following the completion of the transaction, the executive vice president now owns 63,753 shares in the company, valued at approximately $2,062,409.55. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

A number of institutional investors have recently modified their holdings of BCC. BlackRock Inc. increased its position in shares of Boise Cascade, L.L.C. by 8.2% in the second quarter. BlackRock Inc. now owns 5,291,341 shares of the construction company’s stock valued at $160,857,000 after buying an additional 401,463 shares during the period. Vanguard Group Inc. increased its position in shares of Boise Cascade, L.L.C. by 6.4% in the first quarter. Vanguard Group Inc. now owns 3,552,414 shares of the construction company’s stock valued at $94,850,000 after buying an additional 213,736 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Boise Cascade, L.L.C. by 16.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,833,301 shares of the construction company’s stock valued at $86,132,000 after buying an additional 405,572 shares during the period. Frontier Capital Management Co. LLC increased its position in shares of Boise Cascade, L.L.C. by 2.1% in the first quarter. Frontier Capital Management Co. LLC now owns 2,376,038 shares of the construction company’s stock valued at $63,440,000 after buying an additional 47,746 shares during the period. Finally, Peregrine Capital Management LLC increased its position in shares of Boise Cascade, L.L.C. by 7.3% in the first quarter. Peregrine Capital Management LLC now owns 1,075,077 shares of the construction company’s stock valued at $29,296,000 after buying an additional 73,338 shares during the period. Institutional investors own 97.71% of the company’s stock.

About Boise Cascade, L.L.C.

Boise Cascade Company is an integrated wood products manufacturer and building materials distributor with operations throughout the United States and one manufacturing facility in Canada. The Company is also a producer of engineered wood products (EWP) and plywood in North America. The Company operates through three segments: Wood Products, Building Materials Distribution, and Corporate and Other.

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