Boise Cascade, L.L.C. (BCC) Stake Decreased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its holdings in Boise Cascade, L.L.C. (NYSE:BCC) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,057 shares of the construction company’s stock after selling 400 shares during the quarter. The Manufacturers Life Insurance Company owned 0.08% of Boise Cascade, L.L.C. worth $913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Boise Cascade, L.L.C. by 8.2% in the second quarter. BlackRock Inc. now owns 5,291,341 shares of the construction company’s stock worth $160,857,000 after acquiring an additional 401,463 shares during the period. Vanguard Group Inc. grew its holdings in shares of Boise Cascade, L.L.C. by 6.4% in the first quarter. Vanguard Group Inc. now owns 3,552,414 shares of the construction company’s stock worth $94,850,000 after acquiring an additional 213,736 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Boise Cascade, L.L.C. by 16.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,833,301 shares of the construction company’s stock worth $86,132,000 after acquiring an additional 405,572 shares during the period. Macquarie Group Ltd. grew its holdings in shares of Boise Cascade, L.L.C. by 15.6% in the second quarter. Macquarie Group Ltd. now owns 953,012 shares of the construction company’s stock worth $28,972,000 after acquiring an additional 128,768 shares during the period. Finally, State Street Corp grew its holdings in shares of Boise Cascade, L.L.C. by 4.0% in the second quarter. State Street Corp now owns 909,705 shares of the construction company’s stock worth $27,654,000 after acquiring an additional 34,986 shares during the period. Hedge funds and other institutional investors own 93.22% of the company’s stock.

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In other Boise Cascade, L.L.C. news, Director Thomas E. Carlile sold 17,552 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $31.75, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Shares of Boise Cascade, L.L.C. (NYSE BCC) opened at $35.75 on Wednesday. Boise Cascade, L.L.C. has a fifty-two week low of $20.40 and a fifty-two week high of $38.85. The company has a current ratio of 2.27, a quick ratio of 1.19 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $1,372.72, a PE ratio of 21.32, a price-to-earnings-growth ratio of 1.01 and a beta of 2.08.

Boise Cascade, L.L.C. (NYSE:BCC) last released its quarterly earnings results on Tuesday, October 31st. The construction company reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.17. Boise Cascade, L.L.C. had a return on equity of 10.66% and a net margin of 1.59%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the company posted $0.26 earnings per share. Boise Cascade, L.L.C.’s revenue for the quarter was up 14.9% on a year-over-year basis. equities research analysts expect that Boise Cascade, L.L.C. will post 1.92 EPS for the current fiscal year.

Several analysts recently commented on the company. BidaskClub raised Boise Cascade, L.L.C. from a “sell” rating to a “hold” rating in a report on Monday, July 24th. BMO Capital Markets reaffirmed a “hold” rating and issued a $33.00 price objective on shares of Boise Cascade, L.L.C. in a report on Thursday, July 20th. Sidoti assumed coverage on Boise Cascade, L.L.C. in a report on Friday, September 15th. They issued a “buy” rating for the company. 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 report on Tuesday, October 3rd. Finally, Zacks Investment Research raised Boise Cascade, L.L.C. from a “sell” rating to a “hold” rating and set a $41.00 price objective for the company in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $36.40.

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

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