Boise Cascade, L.L.C. $BCC Shares Sold by Strs Ohio

Strs Ohio decreased its stake in Boise Cascade, L.L.C. (NYSE:BCC) by 53.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,400 shares of the construction company’s stock after selling 6,300 shares during the period. Strs Ohio’s holdings in Boise Cascade were worth $418,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its position in shares of Boise Cascade by 4.5% in the 2nd quarter. American Century Companies Inc. now owns 1,281,435 shares of the construction company’s stock worth $111,254,000 after buying an additional 55,052 shares in the last quarter. Capital Fund Management S.A. purchased a new position in Boise Cascade during the 2nd quarter valued at about $2,342,000. Westwood Holdings Group Inc. raised its position in Boise Cascade by 9.7% during the second quarter. Westwood Holdings Group Inc. now owns 1,645,026 shares of the construction company’s stock worth $142,821,000 after acquiring an additional 145,721 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Boise Cascade by 4.4% in the second quarter. Advisors Asset Management Inc. now owns 103,682 shares of the construction company’s stock valued at $9,002,000 after purchasing an additional 4,387 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its position in shares of Boise Cascade by 16.0% in the third quarter. Wedge Capital Management L L P NC now owns 153,873 shares of the construction company’s stock valued at $11,897,000 after purchasing an additional 21,232 shares during the last quarter. Hedge funds and other institutional investors own 96.18% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Wall Street Zen downgraded Boise Cascade from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. BMO Capital Markets reissued an “outperform” rating on shares of Boise Cascade in a research report on Thursday, January 8th. Weiss Ratings upgraded Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. The Goldman Sachs Group decreased their price objective on Boise Cascade from $96.00 to $82.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. Finally, DA Davidson reissued a “buy” rating and issued a $95.00 target price on shares of Boise Cascade in a research note on Thursday, November 20th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.83.

Boise Cascade Stock Performance

NYSE BCC opened at $80.82 on Friday. The business’s 50-day moving average price is $77.69 and its 200 day moving average price is $78.75. The company has a current ratio of 3.10, a quick ratio of 1.69 and a debt-to-equity ratio of 0.22. Boise Cascade, L.L.C. has a twelve month low of $65.14 and a twelve month high of $127.86. The company has a market capitalization of $2.99 billion, a PE ratio of 15.97 and a beta of 1.27.

Boise Cascade (NYSE:BCC) last posted its quarterly earnings data on Monday, November 3rd. The construction company reported $0.58 EPS for the quarter, meeting analysts’ consensus estimates of $0.58. Boise Cascade had a net margin of 2.96% and a return on equity of 9.00%. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the company posted $2.33 EPS. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, research analysts predict that Boise Cascade, L.L.C. will post 10.15 earnings per share for the current year.

Boise Cascade Profile

Boise Cascade Company operates as a leading manufacturer and distributor of wood products and building materials in North America. The company’s operations are organized into two primary segments: wood products manufacturing and building materials distribution. In its manufacturing segment, Boise Cascade produces a wide array of engineered wood products, including plywood, oriented strand board (OSB), lumber, particleboard and laminated veneer lumber (LVL), serving residential, commercial and industrial customers.

In its distribution segment, Boise Cascade sources and delivers building materials through an extensive network of distribution centers, servicing professional builders, remodelers, contractors and industrial customers.