State Street Corp grew its holdings in shares of Boise Cascade, L.L.C. (NYSE:BCC) by 4.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 909,705 shares of the construction company’s stock after purchasing an additional 34,986 shares during the period. State Street Corp owned approximately 2.36% of Boise Cascade, L.L.C. worth $27,654,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BCC. BlackRock Inc. grew its holdings in shares of Boise Cascade, L.L.C. by 38,826.0% in the 1st quarter. BlackRock Inc. now owns 4,889,878 shares of the construction company’s stock worth $130,560,000 after acquiring an additional 4,877,316 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Boise Cascade, L.L.C. in the 2nd quarter worth approximately $19,863,000. Public Employees Retirement Association of Colorado acquired a new stake in shares of Boise Cascade, L.L.C. in the 2nd quarter worth approximately $15,200,000. Dimensional Fund Advisors LP grew its holdings in shares of Boise Cascade, L.L.C. by 16.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,833,301 shares of the construction company’s stock worth $86,132,000 after acquiring an additional 405,572 shares during the period. Finally, AJO LP acquired a new stake in shares of Boise Cascade, L.L.C. in the 2nd quarter worth approximately $8,580,000. Institutional investors own 93.22% of the company’s stock.
A number of equities research analysts recently weighed in on BCC shares. BMO Capital Markets restated a “hold” rating and issued a $33.00 price target on shares of Boise Cascade, L.L.C. in a report on Thursday, July 20th. BidaskClub upgraded Boise Cascade, L.L.C. from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research upgraded Boise Cascade, L.L.C. from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Sidoti started coverage on Boise Cascade, L.L.C. in a report on Friday, September 15th. They issued a “buy” rating on the stock. Finally, Bank of America Corporation cut Boise Cascade, L.L.C. from a “buy” rating to a “neutral” rating and upped their price target for the stock from $35.00 to $36.00 in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Boise Cascade, L.L.C. presently has a consensus rating of “Hold” and a consensus price target of $36.40.
In related news, Director Thomas E. Carlile sold 17,552 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $31.75, for a total value of $557,276.00. Following the sale, the director now owns 63,496 shares of the company’s stock, valued at approximately $2,015,998. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.00% of the stock is currently owned by corporate insiders.
Shares of Boise Cascade, L.L.C. (NYSE:BCC) opened at $35.70 on Monday. Boise Cascade, L.L.C. has a 52 week low of $18.95 and a 52 week high of $38.85. The company has a quick ratio of 1.19, a current ratio of 2.27 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $1,376.58, a P/E ratio of 21.38, a P/E/G ratio of 1.01 and a beta of 2.08.
Boise Cascade, L.L.C. (NYSE:BCC) last posted its earnings results on Tuesday, October 31st. The construction company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.17. Boise Cascade, L.L.C. had a return on equity of 10.66% and a net margin of 1.59%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the company earned $0.26 EPS. Boise Cascade, L.L.C.’s revenue was up 14.9% on a year-over-year basis. equities analysts forecast that Boise Cascade, L.L.C. will post 1.92 earnings per share for the current year.
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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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