TIAA CREF Investment Management LLC Lowers Stake in Boise Cascade, L.L.C. (NYSE:BCC)

TIAA CREF Investment Management LLC reduced its stake in Boise Cascade, L.L.C. (NYSE:BCC) by 1.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 224,597 shares of the construction company’s stock after selling 3,741 shares during the period. TIAA CREF Investment Management LLC owned 0.58% of Boise Cascade, L.L.C. worth $5,997,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. State of Alaska Department of Revenue boosted its stake in shares of Boise Cascade, L.L.C. by 1.4% in the first quarter. State of Alaska Department of Revenue now owns 4,250 shares of the construction company’s stock valued at $113,000 after buying an additional 60 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Boise Cascade, L.L.C. during the first quarter valued at about $136,000. First Interstate Bank boosted its stake in shares of Boise Cascade, L.L.C. by 26.6% in the first quarter. First Interstate Bank now owns 6,280 shares of the construction company’s stock valued at $168,000 after buying an additional 1,320 shares in the last quarter. Quantbot Technologies LP boosted its stake in shares of Boise Cascade, L.L.C. by 194.4% in the first quarter. Quantbot Technologies LP now owns 7,337 shares of the construction company’s stock valued at $195,000 after buying an additional 4,845 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake 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 buying an additional 640 shares in the last quarter. Institutional investors own 95.62% of the company’s stock.

Shares of Boise Cascade, L.L.C. (BCC) opened at 28.40 on Monday. Boise Cascade, L.L.C. has a one year low of $17.80 and a one year high of $33.40. The stock has a market cap of $1.09 billion, a PE ratio of 25.59 and a beta of 2.06. The company has a 50-day moving average of $28.71 and a 200 day moving average of $27.16.

Boise Cascade, L.L.C. (NYSE:BCC) last released its earnings results on Wednesday, May 3rd. The construction company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.17. The company had revenue of $974.40 million for the quarter, compared to the consensus estimate of $966.82 million. Boise Cascade, L.L.C. had a net margin of 1.08% and a return on equity of 8.01%. Boise Cascade, L.L.C.’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS. On average, analysts predict that Boise Cascade, L.L.C. will post $1.71 earnings per share for the current year.

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Several equities research analysts recently issued reports on BCC shares. TheStreet upgraded shares of Boise Cascade, L.L.C. from a “c” rating to a “b” rating in a report on Friday, May 5th. BidaskClub upgraded shares of Boise Cascade, L.L.C. from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Zacks Investment Research upgraded shares of Boise Cascade, L.L.C. from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Tuesday, April 4th. Bank of America Corporation upgraded shares of Boise Cascade, L.L.C. from a “neutral” rating to a “buy” rating and raised their target price for the stock from $32.00 to $34.00 in a report on Tuesday, April 4th. Finally, BMO Capital Markets restated a “hold” rating and issued a $30.00 target price on shares of Boise Cascade, L.L.C. in a report on Wednesday, April 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $31.50.

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.

Institutional Ownership by Quarter for Boise Cascade, L.L.C. (NYSE:BCC)

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