Boise Cascade L.L.C. (BCC) Trading 2.3% Higher
Boise Cascade L.L.C. (NYSE:BCC)’s share price traded up 2.3% during mid-day trading on Wednesday . The stock traded as high as $26.15 and last traded at $26.15, with a volume of 545,922 shares changing hands. The stock had previously closed at $25.55.
Several equities analysts recently issued reports on the company. BMO Capital Markets reissued a “buy” rating and issued a $30.00 target price on shares of Boise Cascade L.L.C. in a research report on Tuesday. Bank of America Corp. downgraded Boise Cascade L.L.C. from a “buy” rating to a “neutral” rating and set a $23.00 target price on the stock. in a research report on Friday, July 1st. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Boise Cascade L.L.C. from a “hold” rating to a “strong-buy” rating and set a $26.00 price target on the stock in a research report on Friday, May 6th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $29.75.
The firm has a 50 day moving average of $22.72 and a 200 day moving average of $20.77. The company has a market cap of $1.02 billion and a P/E ratio of 20.73.
Boise Cascade L.L.C. (NYSE:BCC) last released its quarterly earnings results on Tuesday, May 3rd. The company reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.16. During the same period in the prior year, the business earned $0.19 EPS. The firm earned $880.70 million during the quarter, compared to the consensus estimate of $830.22 million. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, analysts anticipate that Boise Cascade L.L.C. will post $1.34 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP purchased a new position in Boise Cascade L.L.C. during the fourth quarter worth approximately $1,288,000. Victory Capital Management Inc. raised its position in Boise Cascade L.L.C. by 27.3% in the fourth quarter. Victory Capital Management Inc. now owns 985,709 shares of the company’s stock worth $25,165,000 after buying an additional 211,424 shares in the last quarter. Wells Fargo & Company MN raised its position in Boise Cascade L.L.C. by 38.5% in the fourth quarter. Wells Fargo & Company MN now owns 743,905 shares of the company’s stock worth $18,991,000 after buying an additional 206,778 shares in the last quarter. Mutual of America Capital Management LLC raised its position in Boise Cascade L.L.C. by 9.2% in the fourth quarter. Mutual of America Capital Management LLC now owns 97,948 shares of the company’s stock worth $2,501,000 after buying an additional 8,265 shares in the last quarter. Finally, SECOR Capital Advisors LP raised its position in Boise Cascade L.L.C. by 4.8% in the fourth quarter. SECOR Capital Advisors LP now owns 83,395 shares of the company’s stock worth $2,129,000 after buying an additional 3,821 shares in the last quarter.
Boise Cascade Company is a plywood and engineered wood products (EWP) manufacturer and building materials distributor. The Company’s segments include Wood Products and Building Materials Distribution. Its Wood Products segment manufactures plywood, EWP, studs, particleboard and ponderosa pine lumber.
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