Boise Cascade, L.L.C. (BCC) Sets New 52-Week High at $33.43
Boise Cascade, L.L.C. (NYSE:BCC)’s share price hit a new 52-week high on Friday . The stock traded as high as $33.43 and last traded at $33.48, with a volume of 217,435 shares trading hands. The stock had previously closed at $32.80.
Several equities analysts have weighed in on the company. BidaskClub upgraded Boise Cascade, L.L.C. from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Zacks Investment Research cut Boise Cascade, L.L.C. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 4th. BMO Capital Markets restated a “hold” rating and set a $33.00 price objective on shares of Boise Cascade, L.L.C. in a research note on Thursday, July 20th. Finally, Sidoti assumed coverage on Boise Cascade, L.L.C. in a research note on Friday, September 15th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $31.50.
The company has a market cap of $1.29 billion, a price-to-earnings ratio of 28.11 and a beta of 2.06. The firm’s 50-day moving average is $30.04 and its 200 day moving average is $29.16.
Boise Cascade, L.L.C. (NYSE:BCC) last released its 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). Boise Cascade, L.L.C. had a return on equity of 8.32% and a net margin of 1.13%. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the business posted $0.49 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities analysts anticipate that Boise Cascade, L.L.C. will post $1.64 earnings per share for the current year.
In related news, VP Kelly E. Hibbs sold 1,511 shares of the stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $31.50, for a total transaction of $47,596.50. Following the completion of the sale, the vice president now owns 25,868 shares in the company, valued at $814,842. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas E. Carlile sold 17,552 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $31.75, for a total value of $557,276.00. Following the sale, the director now owns 63,496 shares of the company’s stock, valued at approximately $2,015,998. The disclosure for this sale can be found here. Insiders have sold 23,290 shares of company stock valued at $741,616 in the last quarter. 1.00% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in BCC. Tower Research Capital LLC TRC purchased a new stake in shares of Boise Cascade, L.L.C. during the first quarter worth about $110,000. Victory Capital Management Inc. grew its position in shares of Boise Cascade, L.L.C. by 17.6% during the second quarter. Victory Capital Management Inc. now owns 3,753 shares of the construction company’s stock worth $114,000 after purchasing an additional 561 shares in the last quarter. FNY Partners Fund LP purchased a new stake in shares of Boise Cascade, L.L.C. during the first quarter worth about $125,000. SG Americas Securities LLC purchased a new stake in shares of Boise Cascade, L.L.C. during the first quarter worth about $136,000. Finally, Quantbot Technologies LP grew its position in shares of Boise Cascade, L.L.C. by 194.4% during the first quarter. Quantbot Technologies LP now owns 7,337 shares of the construction company’s stock worth $195,000 after purchasing an additional 4,845 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.
Boise Cascade, L.L.C. Company 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.
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