Sidoti assumed coverage on shares of Boise Cascade, L.L.C. (NYSE:BCC) in a report released on Friday, The Fly reports. The brokerage issued a buy rating on the construction company’s stock.

BCC has been the subject of a number of other research reports. BidaskClub upgraded Boise Cascade, L.L.C. from a hold rating to a buy rating in a research report on Thursday, June 15th. Zacks Investment Research downgraded Boise Cascade, L.L.C. from a strong-buy rating to a hold rating in a research report on Tuesday, July 4th. Finally, BMO Capital Markets restated a hold rating and issued a $33.00 target price on shares of Boise Cascade, L.L.C. in a report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $31.50.

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 has a market capitalization of $1.21 billion, a PE ratio of 26.30 and a beta of 2.06. The stock has a 50 day moving average price of $29.97 and a 200-day moving average price of $29.09.

Boise Cascade, L.L.C. (NYSE:BCC) last issued its quarterly earnings results on Thursday, July 27th. The construction company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.04). Boise Cascade, L.L.C. had a net margin of 1.13% and a return on equity of 8.32%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the business posted $0.49 earnings per share. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities research analysts forecast that Boise Cascade, L.L.C. will post $1.64 EPS for the current year.

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In other news, EVP Nick Stokes sold 4,227 shares of the stock in a transaction on Friday, July 28th. The stock was sold at an average price of $32.35, for a total value of $136,743.45. Following the completion of the sale, the executive vice president now owns 63,753 shares in the company, valued at $2,062,409.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas E. Carlile sold 17,552 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $31.75, for a total value of $557,276.00. Following the completion of the sale, the director now 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 sold 23,290 shares of company stock valued at $741,616 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BCC. Great West Life Assurance Co. Can lifted its holdings in shares of Boise Cascade, L.L.C. by 7.1% in the first quarter. Great West Life Assurance Co. Can now owns 55,174 shares of the construction company’s stock valued at $1,472,000 after purchasing an additional 3,679 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Boise Cascade, L.L.C. by 5.1% in the first quarter. LSV Asset Management now owns 88,900 shares of the construction company’s stock valued at $2,373,000 after purchasing an additional 4,300 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Boise Cascade, L.L.C. by 58.8% in the first quarter. First Trust Advisors LP now owns 106,257 shares of the construction company’s stock valued at $2,837,000 after purchasing an additional 39,352 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Boise Cascade, L.L.C. by 4.3% in the first quarter. Bank of New York Mellon Corp now owns 456,042 shares of the construction company’s stock valued at $12,175,000 after purchasing an additional 18,909 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Boise Cascade, L.L.C. by 8.3% in the first quarter. BNP Paribas Arbitrage SA now owns 8,344 shares of the construction company’s stock valued at $223,000 after purchasing an additional 640 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Boise Cascade, L.L.C. Company Profile

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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