Boise Cascade, L.L.C. $BCC Shares Purchased by AlphaQuest LLC

AlphaQuest LLC grew its position in shares of Boise Cascade, L.L.C. (NYSE:BCC) by 131.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 35,873 shares of the construction company’s stock after purchasing an additional 20,378 shares during the quarter. AlphaQuest LLC’s holdings in Boise Cascade were worth $2,774,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. New York State Common Retirement Fund grew its holdings in Boise Cascade by 8.5% during the third quarter. New York State Common Retirement Fund now owns 19,145 shares of the construction company’s stock worth $1,480,000 after acquiring an additional 1,500 shares during the period. Federated Hermes Inc. boosted its position in shares of Boise Cascade by 6.3% during the 3rd quarter. Federated Hermes Inc. now owns 5,721 shares of the construction company’s stock valued at $442,000 after purchasing an additional 337 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in shares of Boise Cascade by 33.5% in the 3rd quarter. SummerHaven Investment Management LLC now owns 9,160 shares of the construction company’s stock worth $708,000 after purchasing an additional 2,300 shares during the last quarter. James Investment Research Inc. raised its holdings in shares of Boise Cascade by 13.8% in the 3rd quarter. James Investment Research Inc. now owns 8,622 shares of the construction company’s stock worth $667,000 after purchasing an additional 1,043 shares in the last quarter. Finally, ARGA Investment Management LP acquired a new stake in Boise Cascade during the third quarter valued at approximately $1,499,000. Institutional investors and hedge funds own 96.18% of the company’s stock.

Boise Cascade Stock Up 0.6%

NYSE:BCC opened at $80.82 on Friday. The business’s fifty day moving average price is $77.69 and its 200 day moving average price is $78.80. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 15.97 and a beta of 1.27. The company has a current ratio of 3.10, a quick ratio of 1.69 and a debt-to-equity ratio of 0.22. Boise Cascade, L.L.C. has a 1-year low of $65.14 and a 1-year high of $127.86.

Boise Cascade (NYSE:BCC) last released its earnings results on Monday, November 3rd. The construction company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Boise Cascade had a return on equity of 9.00% and a net margin of 2.96%.The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.33 EPS. On average, sell-side analysts forecast that Boise Cascade, L.L.C. will post 10.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on BCC. DA Davidson reaffirmed a “buy” rating and issued a $95.00 price target on shares of Boise Cascade in a report on Thursday, November 20th. Weiss Ratings raised Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. The Goldman Sachs Group decreased their price target on Boise Cascade from $96.00 to $82.00 and set a “neutral” rating for the company in a research report on Monday, October 13th. BMO Capital Markets restated an “outperform” rating on shares of Boise Cascade in a report on Thursday, January 8th. Finally, Wall Street Zen lowered shares of Boise Cascade from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $101.83.

Boise Cascade Profile

Boise Cascade Company operates as a leading manufacturer and distributor of wood products and building materials in North America. The company’s operations are organized into two primary segments: wood products manufacturing and building materials distribution. In its manufacturing segment, Boise Cascade produces a wide array of engineered wood products, including plywood, oriented strand board (OSB), lumber, particleboard and laminated veneer lumber (LVL), serving residential, commercial and industrial customers.

In its distribution segment, Boise Cascade sources and delivers building materials through an extensive network of distribution centers, servicing professional builders, remodelers, contractors and industrial customers.