Boise Cascade L.L.C. (BCC) Shares Down 3.4%
Boise Cascade L.L.C. (NYSE:BCC)’s share price was down 3.4% during mid-day trading on Friday . The company traded as low as $23.88 and last traded at $23.88, with a volume of 556,415 shares traded. The stock had previously closed at $24.72.
A number of equities analysts recently issued reports on BCC shares. BMO Capital Markets reiterated a “buy” rating and issued a $30.00 price target on shares of Boise Cascade L.L.C. in a research note on Tuesday, July 12th. Bank of America Corp. cut shares of Boise Cascade L.L.C. from a “buy” rating to a “neutral” rating and set a $23.00 price target on the stock. in a research note on Friday, July 1st. They noted that the move was a valuation call. 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 5th. Finally, TheStreet raised Boise Cascade L.L.C. from a “hold” rating to a “buy” rating in a research report on Thursday, July 28th.
The firm has a market capitalization of $924.19 million and a price-to-earnings ratio of 19.13. The firm has a 50-day moving average price of $25.86 and a 200 day moving average price of $21.74.
Boise Cascade L.L.C. (NYSE:BCC) last released its earnings results on Thursday, July 28th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.12. During the same quarter in the previous year, the business earned $0.51 EPS. The business earned $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities research analysts forecast that Boise Cascade L.L.C. will post $1.47 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in BCC. Wells Fargo & Company MN raised its position in shares of 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 valued at $18,991,000 after buying an additional 206,778 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Boise Cascade L.L.C. during the fourth quarter valued at approximately $1,288,000. Finally, Rhumbline Advisers raised its position in shares of Boise Cascade L.L.C. by 8.0% in the fourth quarter. Rhumbline Advisers now owns 47,509 shares of the company’s stock valued at $1,213,000 after buying an additional 3,525 shares in the last quarter.
Boise Cascade Company, formerly Boise Cascade, LLC., is a plywood and engineered wood products (EWP) manufacturer and building materials distributor with operations throughout the United States. The Company’s segments include Wood Products, Building Materials Distribution, and Corporate and Other. Its Wood Products segment manufactures plywood, EWP, studs, particleboard and ponderosa pine lumber.
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