Boise Cascade, L.L.C. (NYSE:BCC) EVP Nick Stokes sold 4,227 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 63,753 shares of the company’s stock, valued at approximately $2,062,409.55. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Boise Cascade, L.L.C. (NYSE BCC) traded up 1.20% on Friday, hitting $29.60. 409,991 shares of the company traded hands. The firm’s 50-day moving average is $29.62 and its 200 day moving average is $28.42. Boise Cascade, L.L.C. has a 1-year low of $17.80 and a 1-year high of $33.40. The firm has a market capitalization of $1.14 billion, a P/E ratio of 24.87 and a beta of 2.05.
Boise Cascade, L.L.C. (NYSE:BCC) last announced its earnings results 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 firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 earnings per share. On average, analysts anticipate that Boise Cascade, L.L.C. will post $1.65 earnings per share for the current fiscal year.
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A number of institutional investors have recently made changes to their positions in BCC. Russell Investments Group Ltd. purchased a new position in shares of Boise Cascade, L.L.C. during the fourth quarter worth approximately $811,000. State Street Corp increased its position in Boise Cascade, L.L.C. by 8.6% in the fourth quarter. State Street Corp now owns 832,807 shares of the construction company’s stock valued at $18,746,000 after buying an additional 66,190 shares during the period. Norges Bank bought a new position in Boise Cascade, L.L.C. during the fourth quarter valued at about $4,621,000. Macquarie Group Ltd. increased its position in Boise Cascade, L.L.C. by 10.8% in the fourth quarter. Macquarie Group Ltd. now owns 727,820 shares of the construction company’s stock valued at $16,376,000 after buying an additional 71,071 shares during the period. Finally, Peregrine Capital Management LLC increased its position in Boise Cascade, L.L.C. by 7.3% in the first quarter. Peregrine Capital Management LLC now owns 1,075,077 shares of the construction company’s stock valued at $29,296,000 after buying an additional 73,338 shares during the period. Institutional investors and hedge funds own 97.38% of the company’s stock.
BCC has been the subject of a number of research reports. Zacks Investment Research raised shares of Boise Cascade, L.L.C. from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective for the company in a research note on Monday, May 8th. TheStreet raised shares of Boise Cascade, L.L.C. from a “c” rating to a “b” rating in a research report on Friday, May 5th. BidaskClub cut shares of Boise Cascade, L.L.C. from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Finally, BMO Capital Markets reissued a “hold” rating and set a $33.00 price target on shares of Boise Cascade, L.L.C. in a research report on Thursday, July 20th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Boise Cascade, L.L.C. has a consensus rating of “Hold” and an average target price of $31.50.
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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