Public Employees Retirement Association of Colorado acquired a new stake in Boise Cascade, L.L.C. (NYSE:BCC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 500,000 shares of the construction company’s stock, valued at approximately $15,200,000. Public Employees Retirement Association of Colorado owned approximately 1.30% of Boise Cascade, L.L.C. at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BCC. State Street Corp raised its position in shares of 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 acquired a new position in shares of Boise Cascade, L.L.C. during the fourth quarter valued at about $4,621,000. Fox Run Management L.L.C. purchased a new stake in shares of Boise Cascade, L.L.C. during the first quarter worth about $342,000. Russell Investments Group Ltd. purchased a new stake in shares of Boise Cascade, L.L.C. during the fourth quarter worth about $811,000. Finally, Peregrine Capital Management LLC raised its stake in shares of 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 worth $29,296,000 after buying an additional 73,338 shares during the last quarter. 97.38% of the stock is currently owned by institutional investors.

Boise Cascade, L.L.C. (BCC) traded up 1.20% during midday trading on Friday, hitting $29.60. 409,991 shares of the stock traded hands. The company’s 50 day moving average is $29.62 and its 200-day moving average is $28.42. The company has a market cap of $1.14 billion, a P/E ratio of 24.87 and a beta of 2.05. Boise Cascade, L.L.C. has a one year low of $17.80 and a one year high of $33.40.

Boise Cascade, L.L.C. (NYSE:BCC) last posted its quarterly earnings results on Thursday, July 27th. The construction company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.61 by $0.04. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates 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 business posted $0.49 earnings per share. On average, equities research analysts forecast that Boise Cascade, L.L.C. will post $1.65 EPS for the current fiscal year.

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A number of research firms have weighed in on BCC. TheStreet upgraded Boise Cascade, L.L.C. from a “c” rating to a “b” rating in a report on Friday, May 5th. BidaskClub raised Boise Cascade, L.L.C. from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Zacks Investment Research downgraded Boise Cascade, L.L.C. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $33.00 target price on shares of Boise Cascade, L.L.C. in a research report on Thursday, July 20th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $31.50.

In other news, VP Kelly E. Hibbs sold 1,511 shares of Boise Cascade, L.L.C. stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $31.50, for a total value of $47,596.50. Following the transaction, the vice president now owns 25,868 shares of the company’s stock, valued at $814,842. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Nick Stokes sold 4,227 shares of the business’s 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 directly owns 63,753 shares in the company, valued at approximately $2,062,409.55. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

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.

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

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