Boise Cascade (NYSE:BCC) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

BCC has been the subject of several other research reports. Zacks Investment Research raised shares of Boise Cascade from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Wednesday, August 29th. Bank of America dropped their price objective on shares of Boise Cascade from $49.00 to $48.00 and set a “neutral” rating for the company in a research note on Tuesday, August 7th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $41.00 price objective on shares of Boise Cascade in a research note on Tuesday, July 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $43.60.

Shares of NYSE BCC opened at $38.05 on Wednesday. Boise Cascade has a 12-month low of $33.85 and a 12-month high of $49.30. The stock has a market cap of $1.48 billion, a P/E ratio of 19.92, a price-to-earnings-growth ratio of 1.24 and a beta of 1.91. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.25 and a quick ratio of 1.15.

Boise Cascade (NYSE:BCC) last announced its quarterly earnings data on Monday, August 6th. The construction company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.19. Boise Cascade had a net margin of 2.64% and a return on equity of 18.66%. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the company earned $0.57 EPS. Boise Cascade’s revenue was up 23.6% compared to the same quarter last year. equities analysts forecast that Boise Cascade will post 3.45 earnings per share for the current year.

In other Boise Cascade news, CFO Wayne M. Rancourt sold 9,872 shares of the business’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $44.85, for a total value of $442,759.20. Following the transaction, the chief financial officer now directly owns 86,421 shares in the company, valued at approximately $3,875,981.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel G. Hutchinson sold 13,671 shares of the business’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $43.79, for a total transaction of $598,653.09. Following the completion of the transaction, the executive vice president now owns 43,223 shares in the company, valued at $1,892,735.17. The disclosure for this sale can be found here. Insiders sold a total of 35,472 shares of company stock worth $1,567,444 over the last quarter. 1.20% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of BCC. BlackRock Inc. boosted its holdings in Boise Cascade by 10.3% in the 2nd quarter. BlackRock Inc. now owns 5,648,484 shares of the construction company’s stock valued at $252,488,000 after purchasing an additional 528,529 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Boise Cascade by 52.6% in the 2nd quarter. Acadian Asset Management LLC now owns 774,562 shares of the construction company’s stock valued at $34,622,000 after purchasing an additional 266,849 shares during the last quarter. Northern Trust Corp boosted its holdings in Boise Cascade by 20.2% in the 2nd quarter. Northern Trust Corp now owns 980,253 shares of the construction company’s stock valued at $43,818,000 after purchasing an additional 164,841 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Boise Cascade by 88.9% in the 2nd quarter. Wells Fargo & Company MN now owns 308,151 shares of the construction company’s stock worth $13,773,000 after acquiring an additional 145,060 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its holdings in shares of Boise Cascade by 11.7% in the 2nd quarter. Macquarie Group Ltd. now owns 1,310,363 shares of the construction company’s stock worth $58,574,000 after acquiring an additional 137,342 shares during the last quarter. Institutional investors own 95.80% of the company’s stock.

About Boise Cascade

Boise Cascade Company manufactures wood products and distributes building materials in the United States and Canada. It operates in two segments, Wood Products and Building Materials Distribution. The Wood Products segment manufactures laminated veneer lumber and laminated beams used in headers and beams; I-joists for residential and commercial flooring and roofing systems, and other structural applications; structural, appearance, and industrial plywood panels; and ponderosa pine lumber, studs, and particleboards.

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Analyst Recommendations for Boise Cascade (NYSE:BCC)

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