Teachers Advisors LLC cut its stake in Boise Cascade, L.L.C. (NYSE:BCC) by 28.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,444 shares of the construction company’s stock after selling 48,294 shares during the period. Teachers Advisors LLC’s holdings in Boise Cascade, L.L.C. were worth $3,269,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BCC. Pioneer Investment Management Inc. bought a new stake in Boise Cascade, L.L.C. during the first quarter valued at $7,533,000. Norges Bank bought a new stake in Boise Cascade, L.L.C. during the fourth quarter valued at $4,621,000. Legato Capital Management LLC raised its stake in Boise Cascade, L.L.C. by 2,570.0% in the first quarter. Legato Capital Management LLC now owns 80,607 shares of the construction company’s stock valued at $3,019,000 after buying an additional 77,588 shares during the period. Macquarie Group Ltd. raised its stake in Boise Cascade, L.L.C. by 10.8% in the fourth quarter. Macquarie Group Ltd. now owns 727,820 shares of the construction company’s stock valued at $16,376,000 after buying an additional 71,071 shares during the period. Finally, Parametric Portfolio Associates LLC raised its stake in Boise Cascade, L.L.C. by 67.1% in the first quarter. Parametric Portfolio Associates LLC now owns 137,232 shares of the construction company’s stock valued at $3,664,000 after buying an additional 55,082 shares during the period. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Shares of Boise Cascade, L.L.C. (BCC) traded up 1.20% on Friday, hitting $29.60. The stock had a trading volume of 409,991 shares. The stock’s 50-day moving average price is $29.62 and its 200 day moving average price is $28.42. Boise Cascade, L.L.C. has a 52 week low of $17.80 and a 52 week high of $33.40. The company has a market cap of $1.14 billion, a PE ratio of 24.87 and a beta of 2.05.

Boise Cascade, L.L.C. (NYSE:BCC) last released its quarterly earnings data on Thursday, July 27th. The construction company reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.04. Boise Cascade, L.L.C. had a net margin of 1.13% and a return on equity of 8.32%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the business earned $0.49 earnings per share. The business’s quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts predict that Boise Cascade, L.L.C. will post $1.65 EPS for the current year.

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Several equities research analysts recently weighed in on BCC shares. Zacks Investment Research upgraded Boise Cascade, L.L.C. from a “hold” rating to a “strong-buy” rating and set a $34.00 target price for the company in a report on Monday, May 8th. TheStreet upgraded Boise Cascade, L.L.C. from a “c” rating to a “b” rating in a report on Friday, May 5th. BidaskClub lowered Boise Cascade, L.L.C. from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Finally, BMO Capital Markets restated a “hold” rating and issued a $33.00 target price on shares of Boise Cascade, L.L.C. in a report on Thursday, July 20th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $31.50.

In other news, EVP Nick Stokes sold 4,227 shares of the firm’s 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 sale, the executive vice president now directly owns 63,753 shares of the company’s stock, valued at $2,062,409.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Kelly E. Hibbs sold 1,511 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $31.50, for a total value of $47,596.50. Following the completion of the sale, the vice president now directly owns 25,868 shares of the company’s stock, valued at $814,842. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

About Boise Cascade, L.L.C.

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.

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Institutional Ownership by Quarter for Boise Cascade, L.L.C. (NYSE:BCC)

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