Voya Investment Management LLC lowered its position in shares of Boise Cascade, L.L.C. (NYSE:BCC) by 13.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 995,451 shares of the construction company’s stock after selling 154,723 shares during the quarter. Voya Investment Management LLC owned approximately 2.58% of Boise Cascade, L.L.C. worth $30,261,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BCC. BlackRock Inc. raised its position in shares of Boise Cascade, L.L.C. by 38,826.0% during the first quarter. BlackRock Inc. now owns 4,889,878 shares of the construction company’s stock worth $130,560,000 after acquiring an additional 4,877,316 shares during the last quarter. Public Employees Retirement Association of Colorado bought a new stake in shares of Boise Cascade, L.L.C. during the second quarter worth $15,200,000. Dimensional Fund Advisors LP raised its position in shares of Boise Cascade, L.L.C. by 16.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,833,301 shares of the construction company’s stock worth $86,132,000 after acquiring an additional 405,572 shares during the last quarter. AJO LP bought a new stake in shares of Boise Cascade, L.L.C. during the second quarter worth $8,580,000. Finally, Thrivent Financial For Lutherans raised its position in shares of Boise Cascade, L.L.C. by 174.5% during the second quarter. Thrivent Financial For Lutherans now owns 382,193 shares of the construction company’s stock worth $11,619,000 after acquiring an additional 242,963 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Shares of Boise Cascade, L.L.C. (BCC) opened at 34.90 on Friday. The company has a 50-day moving average price of $30.04 and a 200-day moving average price of $29.16. Boise Cascade, L.L.C. has a 12-month low of $17.80 and a 12-month high of $35.70. The company has a market cap of $1.34 billion, a P/E ratio of 29.33 and a beta of 2.06.

Boise Cascade, L.L.C. (NYSE:BCC) last announced its earnings results 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 company had revenue of $1.14 billion for 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 firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 earnings per share. On average, analysts predict that Boise Cascade, L.L.C. will post $1.64 earnings per share for the current year.

A number of research firms have recently weighed in on BCC. BidaskClub upgraded Boise Cascade, L.L.C. from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Zacks Investment Research downgraded Boise Cascade, L.L.C. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 4th. BMO Capital Markets restated a “hold” rating and set a $33.00 target price on shares of Boise Cascade, L.L.C. in a research report on Thursday, July 20th. Finally, Sidoti began coverage on Boise Cascade, L.L.C. in a research report on Friday, September 15th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $31.50.

In related 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 transaction of $136,743.45. Following the completion of the transaction, the executive vice president now directly owns 63,753 shares of the company’s stock, valued at approximately $2,062,409.55. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Kelly E. Hibbs sold 1,511 shares of the firm’s stock in a transaction 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 transaction, the vice president now directly owns 25,868 shares of the company’s stock, valued at $814,842. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,290 shares of company stock valued at $741,616. 1.00% of the stock is owned by corporate insiders.

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Boise Cascade, L.L.C. 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.

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

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