Boise Cascade, L.L.C. (NYSE:BCC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

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 equities analysts also recently issued reports on BCC. DA Davidson downgraded shares of Boise Cascade, L.L.C. from a “buy” rating to a “neutral” rating and set a $36.00 price objective on the stock. in a report on Tuesday, October 3rd. Bank of America Corporation downgraded shares of Boise Cascade, L.L.C. from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $35.00 to $36.00 in a report on Monday, October 2nd. Vertical Research downgraded shares of Boise Cascade, L.L.C. from a “buy” rating to a “hold” rating and set a $36.00 price objective on the stock. in a report on Wednesday, October 4th. BidaskClub raised shares of Boise Cascade, L.L.C. from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $33.00 price objective (up previously from $30.00) on shares of Boise Cascade, L.L.C. in a report on Monday, June 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $33.20.

Boise Cascade, L.L.C. (NYSE:BCC) traded down 0.14% during mid-day trading on Tuesday, hitting $34.65. 321,646 shares of the stock traded hands. Boise Cascade, L.L.C. has a 1-year low of $17.80 and a 1-year high of $35.80. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 29.12 and a beta of 2.08. The company’s 50 day moving average price is $31.88 and its 200-day moving average price is $29.84.

Boise Cascade, L.L.C. (NYSE:BCC) last posted its quarterly earnings data on Thursday, July 27th. The construction company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.04). The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 EPS. Analysts predict that Boise Cascade, L.L.C. will post $1.67 earnings per share for the current year.

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In other Boise Cascade, L.L.C. news, EVP Nick Stokes sold 4,227 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $32.35, for a total transaction of $136,743.45. Following the sale, the executive vice president now owns 63,753 shares in the company, valued at approximately $2,062,409.55. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas E. Carlile sold 17,552 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $31.75, for a total transaction of $557,276.00. Following the sale, the director now owns 63,496 shares in the company, valued at approximately $2,015,998. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,290 shares of company stock worth $741,616. 1.00% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BCC. Bank of New York Mellon Corp raised its stake in Boise Cascade, L.L.C. by 4.3% during the 1st quarter. Bank of New York Mellon Corp now owns 456,042 shares of the construction company’s stock worth $12,175,000 after acquiring an additional 18,909 shares during the period. BNP Paribas Arbitrage SA raised its stake in Boise Cascade, L.L.C. by 8.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 8,344 shares of the construction company’s stock worth $223,000 after acquiring an additional 640 shares during the period. Comerica Bank raised its stake in Boise Cascade, L.L.C. by 2.8% during the 1st quarter. Comerica Bank now owns 42,448 shares of the construction company’s stock worth $1,307,000 after acquiring an additional 1,143 shares during the period. Karp Capital Management Corp bought a new stake in Boise Cascade, L.L.C. during the 1st quarter worth approximately $315,000. Finally, Sei Investments Co. raised its stake in Boise Cascade, L.L.C. by 10.7% during the 1st quarter. Sei Investments Co. now owns 48,534 shares of the construction company’s stock worth $1,296,000 after acquiring an additional 4,700 shares during the period. 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.

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

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