Stock analysts at Sidoti assumed coverage on shares of Boise Cascade, L.L.C. (NYSE:BCC) in a report issued on Friday, The Fly reports. The firm set a “buy” rating on the construction company’s stock.

BCC has been the topic of several other reports. BidaskClub lowered shares of Boise Cascade, L.L.C. from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Zacks Investment Research lowered shares of Boise Cascade, L.L.C. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $33.00 price target (up 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, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $31.50.

Boise Cascade, L.L.C. (BCC) traded up 0.16% on Friday, hitting $31.30. 635,132 shares of the stock were exchanged. The company has a 50 day moving average of $29.98 and a 200 day moving average of $29.05. The stock has a market capitalization of $1.21 billion, a P/E ratio of 26.30 and a beta of 2.06. Boise Cascade, L.L.C. has a one year low of $17.80 and a one year high of $33.40.

Boise Cascade, L.L.C. (NYSE:BCC) last posted its quarterly 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). Boise Cascade, L.L.C. had a return on equity of 8.32% and a net margin of 1.13%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the company posted $0.49 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts forecast that Boise Cascade, L.L.C. will post $1.64 earnings per share for the current fiscal year.

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In other news, Director Thomas E. Carlile sold 17,552 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $31.75, for a total value of $557,276.00. Following the transaction, the director now directly owns 63,496 shares of the company’s stock, valued at $2,015,998. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Nick Stokes sold 4,227 shares of the stock in a transaction dated Friday, July 28th. The shares were 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 in the company, valued at $2,062,409.55. The disclosure for this sale can be found here. Insiders have sold 23,290 shares of company stock worth $741,616 over the last ninety days. Insiders own 1.00% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of BCC. Great West Life Assurance Co. Can raised its position in shares of Boise Cascade, L.L.C. by 7.1% in the first quarter. Great West Life Assurance Co. Can now owns 55,174 shares of the construction company’s stock valued at $1,472,000 after purchasing an additional 3,679 shares during the period. LSV Asset Management raised its position in shares of Boise Cascade, L.L.C. by 5.1% in the first quarter. LSV Asset Management now owns 88,900 shares of the construction company’s stock valued at $2,373,000 after purchasing an additional 4,300 shares during the period. First Trust Advisors LP raised its position in shares of Boise Cascade, L.L.C. by 58.8% in the first quarter. First Trust Advisors LP now owns 106,257 shares of the construction company’s stock valued at $2,837,000 after purchasing an additional 39,352 shares during the period. Bank of New York Mellon Corp raised its position in shares of Boise Cascade, L.L.C. by 4.3% in the first quarter. Bank of New York Mellon Corp now owns 456,042 shares of the construction company’s stock valued at $12,175,000 after purchasing an additional 18,909 shares during the period. Finally, BNP Paribas Arbitrage SA raised its position in shares of Boise Cascade, L.L.C. by 8.3% in the first quarter. BNP Paribas Arbitrage SA now owns 8,344 shares of the construction company’s stock valued at $223,000 after purchasing an additional 640 shares during the period. 98.14% of the stock is currently owned by institutional investors.

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.

The Fly

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