HighPoint Advisor Group LLC Buys Shares of 15,759 Boise Cascade, L.L.C. (BCC)

HighPoint Advisor Group LLC bought a new position in Boise Cascade, L.L.C. (NYSE:BCC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 15,759 shares of the construction company’s stock, valued at approximately $571,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BCC. BlackRock Inc. raised its position 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 buying an additional 4,877,316 shares during the period. Janus Henderson Group PLC purchased a new position in shares of Boise Cascade, L.L.C. in the 2nd quarter worth $19,863,000. Public Employees Retirement Association of Colorado purchased a new position in shares of Boise Cascade, L.L.C. in the 2nd quarter worth $15,200,000. Dimensional Fund Advisors LP raised its position 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 buying an additional 405,572 shares during the period. Finally, AJO LP purchased a new position in shares of Boise Cascade, L.L.C. in the 2nd quarter worth $8,580,000. 93.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of Boise Cascade, L.L.C. (NYSE BCC) traded down $0.10 during midday trading on Tuesday, reaching $35.60. The company had a trading volume of 733,300 shares, compared to its average volume of 365,731. Boise Cascade, L.L.C. has a 52-week low of $20.15 and a 52-week high of $38.85. The firm has a market cap of $1,370.00, a P/E ratio of 21.38, a P/E/G ratio of 1.01 and a beta of 2.08. The company has a current ratio of 2.27, a quick ratio of 1.19 and a debt-to-equity ratio of 0.67.

Boise Cascade, L.L.C. (NYSE:BCC) last announced its quarterly earnings results on Tuesday, October 31st. The construction company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the firm earned $0.26 EPS. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. equities analysts predict that Boise Cascade, L.L.C. will post 1.92 earnings per share for the current fiscal year.

In related news, Director Thomas E. Carlile sold 17,552 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 63,496 shares in the company, valued at approximately $2,015,998. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

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BCC has been the topic of several research reports. Zacks Investment Research raised Boise Cascade, L.L.C. from a “sell” rating to a “hold” rating and set a $41.00 target price on the stock in a research report on Thursday, November 2nd. BidaskClub lowered Boise Cascade, L.L.C. from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Bank of America Corporation lowered Boise Cascade, L.L.C. from a “buy” rating to a “neutral” rating and increased their target price for the stock from $35.00 to $36.00 in a research report on Monday, October 2nd. DA Davidson downgraded Boise Cascade, L.L.C. from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a report on Tuesday, October 3rd. Finally, BMO Capital Markets reiterated 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Boise Cascade, L.L.C. presently has a consensus rating of “Hold” and a consensus target price of $36.40.

Boise Cascade, L.L.C. 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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