Boise Cascade L.L.C. (BCC) Stock Price Up 2.6%
Boise Cascade L.L.C. (NYSE:BCC) shares rose 2.6% on Monday . The stock traded as high as $24.70 and last traded at $24.46, with a volume of 786,668 shares traded. The stock had previously closed at $23.85.
BCC has been the topic of several analyst reports. Zacks Investment Research raised shares of Boise Cascade L.L.C. from a “hold” rating to a “strong-buy” rating and set a $26.00 target price on the stock in a research report on Friday, May 6th. BMO Capital Markets reiterated a “buy” rating and issued a $30.00 target price on shares of Boise Cascade L.L.C. in a research note on Friday, July 29th. 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 target price for the company. in a research note on Friday, July 1st. They noted that the move was a valuation call. Finally, TheStreet upgraded shares of Boise Cascade L.L.C. from a “hold” rating to a “buy” rating in a research note on Thursday, July 28th.
The company has a market capitalization of $970.69 million and a PE ratio of 20.09. The company’s 50-day moving average is $25.91 and its 200-day moving average is $21.85.
Boise Cascade L.L.C. (NYSE:BCC) last posted its earnings results on Thursday, July 28th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.12. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. Boise Cascade L.L.C.’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 earnings per share. On average, equities analysts predict that Boise Cascade L.L.C. will post $1.47 earnings per share for the current year.
A number of hedge funds have bought and sold shares of BCC. Rhumbline Advisers boosted its stake in Boise Cascade L.L.C. by 8.0% in the fourth quarter. Rhumbline Advisers now owns 47,509 shares of the company’s stock worth $1,213,000 after buying an additional 3,525 shares during the last quarter. Marshall Wace LLP acquired a new stake in Boise Cascade L.L.C. during the fourth quarter worth about $1,288,000. Finally, Wells Fargo & Company MN boosted its stake 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 during 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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