Vertical Research cut shares of Boise Cascade, L.L.C. (NYSE:BCC) from a buy rating to a hold rating in a report issued on Wednesday. They currently have $36.00 price target on the construction company’s stock.

Several other research firms also recently commented on BCC. BidaskClub downgraded shares of Boise Cascade, L.L.C. from a buy rating to a hold rating in a research note on Friday, July 7th. Bank of America Corporation downgraded shares of Boise Cascade, L.L.C. from a buy rating to a neutral rating and raised their price target for the stock from $35.00 to $36.00 in a research note on Monday. BMO Capital Markets reaffirmed a market perform rating and issued a $33.00 price target (up previously from $30.00) on shares of Boise Cascade, L.L.C. in a research note on Monday, June 12th. Zacks Investment Research raised shares of Boise Cascade, L.L.C. from a sell rating to a hold rating in a research note on Monday, July 31st. Finally, DA Davidson downgraded shares of Boise Cascade, L.L.C. from a buy rating to a neutral rating and set a $36.00 target price on the stock. in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $33.20.

Shares of Boise Cascade, L.L.C. (NYSE BCC) traded up 1.76% during trading on Wednesday, hitting $34.65. 187,056 shares of the company traded hands. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 29.12 and a beta of 2.08. Boise Cascade, L.L.C. has a 52 week low of $17.80 and a 52 week high of $35.80. The company has a 50 day moving average price of $31.41 and a 200 day moving average price of $29.66.

Boise Cascade, L.L.C. (NYSE:BCC) last posted its quarterly earnings results on Thursday, July 27th. The construction company reported $0.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.04). The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations 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 company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 EPS. On average, analysts expect that Boise Cascade, L.L.C. will post $1.64 earnings per share for the current year.

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In other news, 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 sale, the director now directly owns 63,496 shares in the company, valued at approximately $2,015,998. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Nick Stokes sold 4,227 shares of the firm’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $32.35, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 23,290 shares of company stock worth $741,616 in the last three months. Insiders own 1.00% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its holdings in shares of Boise Cascade, L.L.C. by 0.5% in the 1st quarter. Arizona State Retirement System now owns 20,021 shares of the construction company’s stock valued at $535,000 after buying an additional 100 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Boise Cascade, L.L.C. by 0.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 15,700 shares of the construction company’s stock valued at $477,000 after buying an additional 100 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Boise Cascade, L.L.C. by 0.8% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 18,790 shares of the construction company’s stock valued at $501,000 after buying an additional 140 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Boise Cascade, L.L.C. by 2.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,655 shares of the construction company’s stock valued at $233,000 after buying an additional 212 shares in the last quarter. Finally, Texas Permanent School Fund boosted its holdings in shares of Boise Cascade, L.L.C. by 1.3% in the 2nd quarter. Texas Permanent School Fund now owns 28,135 shares of the construction company’s stock valued at $855,000 after buying an additional 368 shares in the last quarter. Institutional investors and hedge funds 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.

Analyst Recommendations for Boise Cascade, L.L.C. (NYSE:BCC)

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