Boise Cascade, L.L.C. (NYSE:BCC) was downgraded by research analysts at Vertical Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Other equities analysts also recently issued reports about the stock. BidaskClub raised shares of Boise Cascade, L.L.C. from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Zacks Investment Research cut 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 reissued a “hold” rating and set a $33.00 price objective on shares of Boise Cascade, L.L.C. in a research report on Thursday, July 20th. Sidoti initiated coverage on Boise Cascade, L.L.C. in a research note on Friday, September 15th. They issued a “buy” rating on the stock. Finally, DA Davidson downgraded 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 research note on Tuesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $32.80.

Shares of Boise Cascade, L.L.C. (NYSE BCC) opened at 34.70 on Wednesday. Boise Cascade, L.L.C. has a 12-month low of $17.80 and a 12-month high of $35.80. The stock has a market cap of $1.34 billion, a PE ratio of 29.16 and a beta of 2.08. The firm has a 50-day moving average price of $31.29 and a 200 day moving average price of $29.62.

Boise Cascade, L.L.C. (NYSE:BCC) last announced its quarterly earnings data on Thursday, July 27th. The construction company reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.04). The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Boise Cascade, L.L.C. had a net margin of 1.13% and a return on equity of 8.32%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 earnings per share. Equities research analysts predict that Boise Cascade, L.L.C. will post $1.64 EPS for the current fiscal year.

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In related news, Director Thomas E. Carlile sold 17,552 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $31.75, for a total value of $557,276.00. Following the completion of the sale, the director now directly owns 63,496 shares in the company, valued at $2,015,998. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Nick Stokes sold 4,227 shares of the company’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 sale, the executive vice president now owns 63,753 shares of the company’s stock, valued at $2,062,409.55. The disclosure for this sale can be found here. Insiders have sold a total of 23,290 shares of company stock worth $741,616 in the last 90 days. 1.00% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Loomis Sayles & Co. L P bought a new stake in shares of Boise Cascade, L.L.C. during the 1st quarter worth about $106,000. Tower Research Capital LLC TRC acquired a new position in shares of Boise Cascade, L.L.C. during the 1st quarter valued at about $110,000. PineBridge Investments L.P. increased its holdings in shares of Boise Cascade, L.L.C. by 7.7% during the 2nd quarter. PineBridge Investments L.P. now owns 4,915 shares of the construction company’s stock valued at $113,000 after acquiring an additional 353 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Boise Cascade, L.L.C. by 1.4% during the 1st quarter. State of Alaska Department of Revenue now owns 4,250 shares of the construction company’s stock valued at $113,000 after acquiring an additional 60 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Boise Cascade, L.L.C. by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 3,753 shares of the construction company’s stock valued at $114,000 after acquiring an additional 561 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Boise Cascade, L.L.C. Company 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.

Analyst Recommendations for Boise Cascade, L.L.C. (NYSE:BCC)

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