Boise Cascade, L.L.C. (NYSE:BCC) Upgraded to “Hold” by Zacks Investment Research

Boise Cascade, L.L.C. (NYSE:BCC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, November 2nd. The brokerage currently has a $41.00 target price on the construction company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 9.92% from the company’s previous close.

According to Zacks, “Boise Cascade Company operates as a wood products manufacturer and building materials distributor. The Company manufactures engineered wood products, plywood, lumber and particleboard and distributes wood products, such as decking, EWP, lumber, panel, particleboard, and MDF products. It has operations primarily in the United States and Canada. Boise Cascade Company is headquartered in Boise, Idaho. “

A number of other analysts have also recently commented on the stock. Sidoti started coverage on shares of Boise Cascade, L.L.C. in a research note on Friday, September 15th. They issued a “buy” rating for the company. BidaskClub upgraded shares of Boise Cascade, L.L.C. from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. 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 note on Thursday, July 20th. Vertical Research lowered shares of Boise Cascade, L.L.C. from a “buy” rating to a “hold” rating and set a $36.00 price target on the stock. in a research report on Wednesday, October 4th. Finally, DA Davidson lowered shares of Boise Cascade, L.L.C. from a “buy” rating to a “neutral” rating and set a $36.00 target price on the stock. in a report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $36.40.

Shares of Boise Cascade, L.L.C. (BCC) opened at $37.30 on Thursday. Boise Cascade, L.L.C. has a 12 month low of $21.50 and a 12 month high of $38.85. The company has a quick ratio of 1.19, a current ratio of 2.27 and a debt-to-equity ratio of 0.67. The company has a market cap of $1,436.34, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 1.05 and a beta of 2.08.

Boise Cascade, L.L.C. (NYSE:BCC) last issued its quarterly earnings data on Tuesday, October 31st. The construction company reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.17. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.15 billion. Boise Cascade, L.L.C. had a net margin of 1.59% and a return on equity of 10.66%. The firm’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 earnings per share. equities research analysts forecast that Boise Cascade, L.L.C. will post 1.92 EPS for the current fiscal year.

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In related news, Director Thomas E. Carlile sold 17,552 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $31.75, for a total transaction of $557,276.00. Following the transaction, the director now owns 63,496 shares in the company, valued at approximately $2,015,998. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. increased its stake in Boise Cascade, L.L.C. by 8.2% during the 2nd quarter. BlackRock Inc. now owns 5,291,341 shares of the construction company’s stock valued at $160,857,000 after purchasing an additional 401,463 shares in the last quarter. Vanguard Group Inc. increased its stake in Boise Cascade, L.L.C. by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 3,552,414 shares of the construction company’s stock valued at $94,850,000 after purchasing an additional 213,736 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Boise Cascade, L.L.C. by 4.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,953,666 shares of the construction company’s stock valued at $103,084,000 after purchasing an additional 120,365 shares in the last quarter. Peregrine Capital Management LLC increased its stake in Boise Cascade, L.L.C. by 3.5% during the 3rd quarter. Peregrine Capital Management LLC now owns 1,109,988 shares of the construction company’s stock valued at $38,739,000 after purchasing an additional 37,778 shares in the last quarter. Finally, Macquarie Group Ltd. increased its stake in Boise Cascade, L.L.C. by 15.4% during the 3rd quarter. Macquarie Group Ltd. now owns 1,099,454 shares of the construction company’s stock valued at $38,371,000 after purchasing an additional 146,442 shares in the last quarter. Institutional investors and hedge funds own 91.55% 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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Analyst Recommendations for Boise Cascade, L.L.C. (NYSE:BCC)

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