DA Davidson downgraded shares of Boise Cascade, L.L.C. (NYSE:BCC) from a buy rating to a neutral rating in a research note released on Tuesday, MarketBeat reports. They currently have $36.00 price target on the construction company’s stock.

BCC has been the subject of several other research reports. BidaskClub cut Boise Cascade, L.L.C. from a hold rating to a sell rating in a research report on Thursday, August 24th. Bank of America Corporation cut Boise Cascade, L.L.C. from a buy rating to a neutral rating and increased their price objective for the stock from $35.00 to $36.00 in a research report on Monday. Zacks Investment Research cut Boise Cascade, L.L.C. from a strong-buy rating to a hold rating in a research report on Tuesday, July 4th. Sidoti initiated coverage on Boise Cascade, L.L.C. in a research report on Friday, September 15th. They issued a buy rating for the company. Finally, BMO Capital Markets reiterated a market perform rating and issued a $33.00 price objective (up previously from $30.00) on shares of Boise Cascade, L.L.C. in a research report on Monday, June 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $33.20.

Shares of Boise Cascade, L.L.C. (NYSE BCC) traded up 0.58% during midday trading on Tuesday, reaching $34.90. 72,829 shares of the company traded hands. The stock’s 50-day moving average is $31.55 and its 200-day moving average is $29.69. Boise Cascade, L.L.C. has a 1-year low of $17.80 and a 1-year high of $35.80. The stock has a market capitalization of $1.34 billion, a P/E ratio of 29.33 and a beta of 2.08.

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 Thomson Reuters’ consensus estimate of $0.61 by ($0.04). The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Boise Cascade, L.L.C. had a return on equity of 8.32% and a net margin of 1.13%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS. Equities analysts predict that Boise Cascade, L.L.C. will post $1.64 EPS for the current fiscal year.

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In other news, EVP Nick Stokes sold 4,227 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 63,753 shares in the company, valued at $2,062,409.55. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Thomas E. Carlile sold 17,552 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $31.75, for a total value of $557,276.00. Following the completion of the transaction, 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. In the last 90 days, insiders sold 23,290 shares of company stock valued at $741,616. Company insiders own 1.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Boise Cascade, L.L.C. by 8.2% in the second quarter. BlackRock Inc. now owns 5,291,341 shares of the construction company’s stock valued at $160,857,000 after buying an additional 401,463 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Boise Cascade, L.L.C. by 6.4% in the first quarter. Vanguard Group Inc. now owns 3,552,414 shares of the construction company’s stock valued at $94,850,000 after buying an additional 213,736 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Boise Cascade, L.L.C. by 16.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,833,301 shares of the construction company’s stock valued at $86,132,000 after buying an additional 405,572 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of Boise Cascade, L.L.C. by 15.6% in the second quarter. Macquarie Group Ltd. now owns 953,012 shares of the construction company’s stock valued at $28,972,000 after buying an additional 128,768 shares in the last quarter. Finally, State Street Corp increased its position in shares of Boise Cascade, L.L.C. by 4.0% in the second quarter. State Street Corp now owns 909,705 shares of the construction company’s stock valued at $27,654,000 after buying an additional 34,986 shares in the last quarter. Institutional investors and hedge funds own 98.14% 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.

Analyst Recommendations for Boise Cascade, L.L.C. (NYSE:BCC)

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