Boise Cascade, L.L.C. (BCC) Shares Bought by BlackRock Inc.

BlackRock Inc. lifted its holdings in shares of Boise Cascade, L.L.C. (NYSE:BCC) by 8.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,291,341 shares of the construction company’s stock after purchasing an additional 401,463 shares during the quarter. BlackRock Inc. owned 13.73% of Boise Cascade, L.L.C. worth $160,857,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Arizona State Retirement System raised its position in shares of Boise Cascade, L.L.C. by 0.5% during the first quarter. Arizona State Retirement System now owns 20,021 shares of the construction company’s stock worth $535,000 after purchasing an additional 100 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Boise Cascade, L.L.C. by 0.6% during the second quarter. Louisiana State Employees Retirement System now owns 15,700 shares of the construction company’s stock worth $477,000 after purchasing an additional 100 shares during the period. Municipal Employees Retirement System of Michigan raised its position in shares of Boise Cascade, L.L.C. by 0.8% during the first quarter. Municipal Employees Retirement System of Michigan now owns 18,790 shares of the construction company’s stock worth $501,000 after purchasing an additional 140 shares during the period. Texas Permanent School Fund raised its position in shares of Boise Cascade, L.L.C. by 1.3% during the second quarter. Texas Permanent School Fund now owns 28,135 shares of the construction company’s stock worth $855,000 after purchasing an additional 368 shares during the period. Finally, Wedge Capital Management L L P NC raised its position in shares of Boise Cascade, L.L.C. by 4.6% during the second quarter. Wedge Capital Management L L P NC now owns 9,584 shares of the construction company’s stock worth $291,000 after purchasing an additional 420 shares during the period. 98.14% of the stock is currently owned by institutional investors.

Shares of Boise Cascade, L.L.C. (NYSE BCC) opened at 34.90 on Friday. The company has a 50-day moving average price of $32.43 and a 200-day moving average price of $29.97. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 29.33 and a beta of 2.08. Boise Cascade, L.L.C. has a 12 month low of $17.80 and a 12 month high of $35.80.

Boise Cascade, L.L.C. (NYSE:BCC) last announced its quarterly earnings results on Thursday, July 27th. The construction company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.04). The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate 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 firm’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.49 EPS. Analysts forecast that Boise Cascade, L.L.C. will post $1.67 earnings per share for the current fiscal year.

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In other Boise Cascade, L.L.C. news, VP Kelly E. Hibbs sold 1,511 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $31.50, for a total value of $47,596.50. Following the transaction, the vice president now owns 25,868 shares in the company, valued at $814,842. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Nick Stokes sold 4,227 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $32.35, for a total value of $136,743.45. Following the completion of the transaction, the executive vice president now owns 63,753 shares in the company, valued at approximately $2,062,409.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,290 shares of company stock worth $741,616. Corporate insiders own 1.00% of the company’s stock.

BCC has been the topic of a number of research analyst reports. 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 raised their price target for the stock from $35.00 to $36.00 in a research report on Monday, October 2nd. DA Davidson lowered 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, October 3rd. Zacks Investment Research lowered Boise Cascade, L.L.C. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $33.00 target price on shares of Boise Cascade, L.L.C. in a research report on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Boise Cascade, L.L.C. currently has a consensus rating of “Hold” and an average target price of $33.20.

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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