Ameriprise Financial Inc. Has $11.20 Million Position in Boise Cascade, L.L.C. (BCC)

Ameriprise Financial Inc. increased its stake in shares of Boise Cascade, L.L.C. (NYSE:BCC) by 46.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 368,592 shares of the construction company’s stock after buying an additional 116,489 shares during the quarter. Ameriprise Financial Inc. owned about 0.96% of Boise Cascade, L.L.C. worth $11,203,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. lifted its position in Boise Cascade, L.L.C. by 38,826.0% during the first quarter. BlackRock Inc. now owns 4,889,878 shares of the construction company’s stock worth $130,560,000 after buying an additional 4,877,316 shares in the last quarter. Vanguard Group Inc. lifted its position in 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 worth $94,850,000 after buying an additional 213,736 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Boise Cascade, L.L.C. by 10.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,427,729 shares of the construction company’s stock worth $64,820,000 after buying an additional 231,077 shares in the last quarter. State Street Corp lifted its position in Boise Cascade, L.L.C. by 5.0% during the first quarter. State Street Corp now owns 874,719 shares of the construction company’s stock worth $23,351,000 after buying an additional 41,912 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado purchased a new position in Boise Cascade, L.L.C. during the second quarter worth approximately $15,200,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

A number of brokerages recently commented on BCC. Bank of America Corporation downgraded Boise Cascade, L.L.C. from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $35.00 to $36.00 in a research report on Monday, October 2nd. Vertical Research cut Boise Cascade, L.L.C. from a “buy” rating to a “hold” rating and set a $36.00 target price for the company. in a research note on Wednesday, October 4th. DA Davidson cut Boise Cascade, L.L.C. from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a research note on Tuesday, October 3rd. Zacks Investment Research cut Boise Cascade, L.L.C. from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Sidoti initiated coverage on Boise Cascade, L.L.C. in a research note on Friday, September 15th. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Boise Cascade, L.L.C. has a consensus rating of “Hold” and an average price target of $33.20.

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Shares of Boise Cascade, L.L.C. (NYSE BCC) opened at 34.65 on Wednesday. Boise Cascade, L.L.C. has a 1-year low of $17.80 and a 1-year high of $35.80. The firm’s 50-day moving average price is $32.06 and its 200 day moving average price is $29.90. The firm has a market cap of $1.34 billion, a PE ratio of 29.12 and a beta of 2.08.

Boise Cascade, L.L.C. (NYSE:BCC) last issued its quarterly earnings results on Thursday, July 27th. The construction company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the prior year, the company earned $0.49 EPS. The company’s revenue for the quarter 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 $1.67 EPS for the current fiscal year.

In other Boise Cascade, L.L.C. news, EVP Nick Stokes sold 4,227 shares of the 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 transaction, the executive vice president now 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 available at the SEC website. Also, Director Thomas E. Carlile sold 17,552 shares of the stock in a transaction on Tuesday, September 12th. The stock was 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 in the company, valued at approximately $2,015,998. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,290 shares of company stock worth $741,616. Corporate insiders own 1.00% of the company’s stock.

Boise Cascade, L.L.C. 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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Institutional Ownership by Quarter for Boise Cascade, L.L.C. (NYSE:BCC)

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