South Dakota Investment Council Holds Holdings in Boise Cascade, L.L.C. (BCC)
South Dakota Investment Council maintained its position in Boise Cascade, L.L.C. (NYSE:BCC) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,200 shares of the construction company’s stock at the close of the 2nd quarter. South Dakota Investment Council’s holdings in Boise Cascade, L.L.C. were worth $553,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in BCC. Victory Capital Management Inc. increased its holdings in shares of Boise Cascade, L.L.C. by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,753 shares of the construction company’s stock valued at $114,000 after acquiring an additional 561 shares during the period. Tower Research Capital LLC TRC acquired a new position in shares of Boise Cascade, L.L.C. in the 1st quarter valued at $110,000. FNY Partners Fund LP acquired a new position in shares of Boise Cascade, L.L.C. in the 1st quarter valued at $125,000. SG Americas Securities LLC acquired a new position in shares of Boise Cascade, L.L.C. in the 1st quarter valued at $136,000. Finally, First Interstate Bank increased its holdings in shares of Boise Cascade, L.L.C. by 26.6% in the 1st quarter. First Interstate Bank now owns 6,280 shares of the construction company’s stock valued at $168,000 after acquiring an additional 1,320 shares during the period. 98.14% of the stock is currently owned by institutional investors.
Shares of Boise Cascade, L.L.C. (NYSE:BCC) opened at 31.30 on Friday. Boise Cascade, L.L.C. has a 12 month low of $17.80 and a 12 month high of $33.40. The firm’s 50 day moving average is $29.97 and its 200 day moving average is $29.09. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 26.30 and a beta of 2.06.
Boise Cascade, L.L.C. (NYSE:BCC) last issued its quarterly earnings results on Thursday, July 27th. The construction company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.04). The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. Boise Cascade, L.L.C. had a net margin of 1.13% and a return on equity of 8.32%. Boise Cascade, L.L.C.’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the business posted $0.49 earnings per share. On average, equities analysts predict that Boise Cascade, L.L.C. will post $1.64 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on the stock. BidaskClub lowered shares of Boise Cascade, L.L.C. from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Zacks Investment Research lowered shares of Boise Cascade, L.L.C. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 4th. BMO Capital Markets reiterated a “market perform” rating and issued a $33.00 price objective (up from $30.00) on shares of Boise Cascade, L.L.C. in a research report on Monday, June 12th. Finally, Sidoti assumed coverage on shares of Boise Cascade, L.L.C. in a research report on Friday. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $31.50.
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In related news, VP Kelly E. Hibbs sold 1,511 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $31.50, for a total transaction of $47,596.50. Following the completion of the transaction, the vice president now owns 25,868 shares of the company’s stock, valued at $814,842. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas E. Carlile sold 17,552 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $31.75, for a total value of $557,276.00. Following the transaction, the director now directly owns 63,496 shares of the company’s stock, valued at approximately $2,015,998. The disclosure for this sale can be found here. Insiders have sold 23,290 shares of company stock valued at $741,616 in the last ninety days. Company insiders own 1.00% 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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