Louisiana State Employees Retirement System boosted its stake in Boise Cascade, L.L.C. (NYSE:BCC) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,700 shares of the construction company’s stock after buying an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Boise Cascade, L.L.C. were worth $477,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BCC. Tower Research Capital LLC TRC purchased a new position in Boise Cascade, L.L.C. during the first quarter valued at approximately $110,000. State of Alaska Department of Revenue raised its position in Boise Cascade, L.L.C. by 1.4% in the first quarter. State of Alaska Department of Revenue now owns 4,250 shares of the construction company’s stock worth $113,000 after buying an additional 60 shares during the last quarter. FNY Partners Fund LP bought a new position in Boise Cascade, L.L.C. during the first quarter worth about $125,000. SG Americas Securities LLC bought a new position in Boise Cascade, L.L.C. during the first quarter worth about $136,000. Finally, First Interstate Bank raised its position in Boise Cascade, L.L.C. by 26.6% in the first quarter. First Interstate Bank now owns 6,280 shares of the construction company’s stock worth $168,000 after buying an additional 1,320 shares during the last quarter. 97.38% of the stock is currently owned by institutional investors.

Boise Cascade, L.L.C. (NYSE BCC) traded up 1.20% on Friday, hitting $29.60. The stock had a trading volume of 409,991 shares. The company’s 50 day moving average price is $29.62 and its 200-day moving average price is $28.42. Boise Cascade, L.L.C. has a 12-month low of $17.80 and a 12-month high of $33.40. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 24.87 and a beta of 2.05.

Boise Cascade, L.L.C. (NYSE:BCC) last announced its quarterly 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. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the business posted $0.49 EPS. Equities research analysts anticipate that Boise Cascade, L.L.C. will post $1.65 EPS for the current year.

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A number of research analysts have recently issued reports on the company. Zacks Investment Research raised Boise Cascade, L.L.C. from a “sell” rating to a “hold” rating in a report on Monday, July 31st. BidaskClub raised Boise Cascade, L.L.C. from a “sell” rating to a “hold” rating in a report on Monday, July 24th. BMO Capital Markets reissued a “hold” rating and issued a $33.00 target price on shares of Boise Cascade, L.L.C. in a report on Thursday, July 20th. Finally, TheStreet raised Boise Cascade, L.L.C. from a “c” rating to a “b” rating in a report on Friday, May 5th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $31.50.

In related news, VP Kelly E. Hibbs sold 1,511 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $31.50, for a total value of $47,596.50. Following the sale, the vice president now owns 25,868 shares of the company’s stock, valued at approximately $814,842. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Nick Stokes sold 4,227 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 63,753 shares in the company, valued at approximately $2,062,409.55. The disclosure for this sale can be found here. Company insiders own 1.00% 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.

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

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