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

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. “

Other research analysts have also issued research reports about the company. Vertical Research lowered Boise Cascade, L.L.C. from a “buy” rating to a “hold” rating and set a $36.00 price objective for the company. in a research report on Wednesday, October 4th. DA Davidson lowered Boise Cascade, L.L.C. from a “buy” rating to a “neutral” rating and set a $36.00 price objective for the company. in a research report on Tuesday, October 3rd. Bank of America Corporation lowered Boise Cascade, L.L.C. from a “buy” rating to a “neutral” rating and raised their price objective for the company from $35.00 to $36.00 in a research report on Monday, October 2nd. Sidoti initiated coverage on Boise Cascade, L.L.C. in a research report on Friday, September 15th. They set a “buy” rating for the company. Finally, BidaskClub lowered Boise Cascade, L.L.C. from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $35.25.

Boise Cascade, L.L.C. (NYSE:BCC) last posted its quarterly earnings results on Tuesday, October 31st. The construction company reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.17. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Boise Cascade, L.L.C. had a return on equity of 10.66% and a net margin of 1.59%. The business’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period last year, the firm earned $0.26 earnings per share.

ILLEGAL ACTIVITY NOTICE: This article was originally published by American Banking News and is the property of of American Banking News. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/11/02/boise-cascade-l-l-c-bcc-lifted-to-hold-at-zacks-investment-research.html.

In other Boise Cascade, L.L.C. news, Director Thomas E. Carlile sold 17,552 shares of the firm’s 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 completion of the sale, the director now owns 63,496 shares of the company’s stock, valued at $2,015,998. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in BCC. SG Americas Securities LLC bought a new stake in Boise Cascade, L.L.C. in the first quarter worth about $136,000. Principal Financial Group Inc. raised its stake in shares of Boise Cascade, L.L.C. by 2.6% during the first quarter. Principal Financial Group Inc. now owns 291,497 shares of the construction company’s stock valued at $7,783,000 after acquiring an additional 7,314 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Boise Cascade, L.L.C. by 1.4% during the first quarter. Legal & General Group Plc now owns 86,701 shares of the construction company’s stock valued at $2,315,000 after acquiring an additional 1,198 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Boise Cascade, L.L.C. by 6.4% during the first quarter. Vanguard Group Inc. now owns 3,552,414 shares of the construction company’s stock valued at $94,850,000 after acquiring an additional 213,736 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Boise Cascade, L.L.C. by 3.1% during the first quarter. Geode Capital Management LLC now owns 291,570 shares of the construction company’s stock valued at $7,784,000 after acquiring an additional 8,693 shares in the last quarter. 98.82% of the stock is owned by institutional investors and hedge funds.

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.

Get a free copy of the Zacks research report on Boise Cascade, L.L.C. (BCC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Boise Cascade L.L.C. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boise Cascade L.L.C. and related companies with MarketBeat.com's FREE daily email newsletter.