California State Teachers Retirement System lessened its holdings in Boise Cascade, L.L.C. (NYSE:BCC) by 10.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 68,605 shares of the construction company’s stock after selling 8,267 shares during the period. California State Teachers Retirement System owned about 0.18% of Boise Cascade, L.L.C. worth $2,086,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BCC. Vanguard Group Inc. raised its stake in shares of Boise Cascade, L.L.C. by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 3,552,414 shares of the construction company’s stock valued at $94,850,000 after acquiring an additional 213,736 shares during the period. Geode Capital Management LLC raised its stake in shares of Boise Cascade, L.L.C. by 3.1% in the 1st quarter. Geode Capital Management LLC now owns 291,570 shares of the construction company’s stock valued at $7,784,000 after acquiring an additional 8,693 shares during the period. Morgan Stanley raised its stake in shares of Boise Cascade, L.L.C. by 36.3% in the 1st quarter. Morgan Stanley now owns 179,228 shares of the construction company’s stock valued at $4,785,000 after acquiring an additional 47,708 shares during the period. BlackRock Inc. raised its stake in shares of Boise Cascade, L.L.C. by 38,826.0% in the 1st quarter. BlackRock Inc. now owns 4,889,878 shares of the construction company’s stock valued at $130,560,000 after acquiring an additional 4,877,316 shares during the period. Finally, KCG Holdings Inc. purchased a new position in shares of Boise Cascade, L.L.C. in the 1st quarter valued at $253,000. 93.22% of the stock is currently owned by institutional investors and hedge funds.

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In related news, Director Thomas E. Carlile sold 17,552 shares of Boise Cascade, L.L.C. stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $31.75, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.00% of the company’s stock.

BCC has been the topic of a number of research reports. BMO Capital Markets reissued a “hold” rating and issued a $33.00 target price on shares of Boise Cascade, L.L.C. in a research note on Thursday, July 20th. BidaskClub raised shares of Boise Cascade, L.L.C. from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research raised shares of Boise Cascade, L.L.C. from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Sidoti began coverage on shares of Boise Cascade, L.L.C. in a research note on Friday, September 15th. They set a “buy” rating on the stock. Finally, Bank of America Corporation downgraded shares of Boise Cascade, L.L.C. from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $35.00 to $36.00 in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $36.40.

Shares of Boise Cascade, L.L.C. (NYSE:BCC) opened at $35.75 on Wednesday. Boise Cascade, L.L.C. has a one year low of $20.40 and a one year high of $38.85. The stock has a market cap of $1,372.72, a price-to-earnings ratio of 21.32, a P/E/G ratio of 1.01 and a beta of 2.08. The company has a current ratio of 2.27, a quick ratio of 1.19 and a debt-to-equity ratio of 0.67.

Boise Cascade, L.L.C. (NYSE:BCC) last released its quarterly earnings results on Tuesday, October 31st. The construction company reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.17. Boise Cascade, L.L.C. had a net margin of 1.59% and a return on equity of 10.66%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the firm posted $0.26 EPS. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. analysts expect that Boise Cascade, L.L.C. will post 1.92 earnings per share for the current fiscal year.

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

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