Equities researchers at Goldman Sachs Group Inc. assumed coverage on shares of Boise Cascade L.L.C. (NYSE:BCC) in a research note issued on Thursday. The firm set a “buy” rating on the stock.

BCC has been the subject of several other research reports. TheStreet upgraded shares of Boise Cascade L.L.C. from a “hold” rating to a “buy” rating in a research note on Thursday, July 28th. BMO Capital Markets reiterated a “buy” rating and issued a $30.00 price objective on shares of Boise Cascade L.L.C. in a research note on Friday, July 29th. Zacks Investment Research upgraded shares of Boise Cascade L.L.C. from a “sell” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a research note on Tuesday, August 2nd. Finally, Bank of America Corp. lowered shares of Boise Cascade L.L.C. from a “buy” rating to a “neutral” rating and set a $23.00 price target for the company. in a research note on Friday, July 1st. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $28.33.

Boise Cascade L.L.C. (NYSE:BCC) opened at 24.63 on Thursday. Boise Cascade L.L.C. has a 12 month low of $13.80 and a 12 month high of $33.15. The company has a market capitalization of $954.41 million, a price-to-earnings ratio of 19.75 and a beta of 1.84. The stock has a 50 day moving average of $25.58 and a 200 day moving average of $22.97.

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Boise Cascade L.L.C. (NYSE:BCC) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.12. The company earned $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. Boise Cascade L.L.C. had a net margin of 1.28% and a return on equity of 9.37%. Boise Cascade L.L.C.’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 EPS. Equities analysts anticipate that Boise Cascade L.L.C. will post $1.47 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. Loomis Sayles & Co. L P acquired a new stake in shares of Boise Cascade L.L.C. during the first quarter worth approximately $106,000. PineBridge Investments L.P. raised its stake in shares of Boise Cascade L.L.C. by 7.7% in the second quarter. PineBridge Investments L.P. now owns 4,915 shares of the company’s stock worth $113,000 after buying an additional 353 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Boise Cascade L.L.C. by 1,630.7% in the second quarter. Tower Research Capital LLC TRC now owns 5,192 shares of the company’s stock worth $119,000 after buying an additional 4,892 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Boise Cascade L.L.C. by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 5,444 shares of the company’s stock worth $125,000 after buying an additional 658 shares during the period. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Boise Cascade L.L.C. by 28.1% in the second quarter. Public Employees Retirement System of Ohio now owns 5,696 shares of the company’s stock worth $131,000 after buying an additional 1,250 shares during the period. Institutional investors and hedge funds own 93.86% of the company’s stock.

About Boise Cascade L.L.C.

Boise Cascade Company, formerly Boise Cascade, LLC., is a plywood and engineered wood products (EWP) manufacturer and building materials distributor with operations throughout the United States. The Company’s segments include Wood Products, Building Materials Distribution, and Corporate and Other. Its Wood Products segment manufactures plywood, EWP, studs, particleboard and ponderosa pine lumber.

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