Boise Cascade Co (NYSE:BCC) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totalling 886,400 shares, a decrease of 12.2% from the June 30th total of 1,010,000 shares. Approximately 2.3% of the company’s stock are short sold. Based on an average trading volume of 285,300 shares, the short-interest ratio is currently 3.1 days.

NYSE:BCC traded down $0.15 during mid-day trading on Friday, reaching $46.59. 526,958 shares of the company’s stock traded hands, compared to its average volume of 313,796. Boise Cascade has a 12-month low of $20.08 and a 12-month high of $48.54. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 2.75 and a beta of 2.27. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.52 and a quick ratio of 1.30. The company has a 50 day moving average price of $38.77 and a 200-day moving average price of $33.87.

Boise Cascade (NYSE:BCC) last posted its quarterly earnings data on Friday, July 31st. The construction company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.15. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Boise Cascade had a return on equity of 13.44% and a net margin of 1.71%. The business’s revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 EPS. As a group, analysts forecast that Boise Cascade will post 2.47 EPS for the current year.

BCC has been the topic of several recent research reports. Zacks Investment Research upgraded Boise Cascade from a “hold” rating to a “strong-buy” rating and set a $44.00 price target on the stock in a report on Monday, July 13th. TheStreet raised Boise Cascade from a “c+” rating to a “b-” rating in a research report on Thursday, July 23rd. Finally, Bank of America raised Boise Cascade from a “neutral” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Tuesday, May 26th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $42.33.

A number of institutional investors and hedge funds have recently made changes to their positions in BCC. Comerica Bank increased its stake in shares of Boise Cascade by 9.2% in the 2nd quarter. Comerica Bank now owns 41,399 shares of the construction company’s stock worth $1,860,000 after purchasing an additional 3,503 shares in the last quarter. Convergence Investment Partners LLC bought a new position in shares of Boise Cascade in the 2nd quarter valued at about $354,000. Copper Rock Capital Partners LLC bought a new position in shares of Boise Cascade in the 2nd quarter valued at about $48,735,000. Pacer Advisors Inc. lifted its holdings in shares of Boise Cascade by 4.3% in the 2nd quarter. Pacer Advisors Inc. now owns 7,522 shares of the construction company’s stock valued at $283,000 after acquiring an additional 312 shares during the last quarter. Finally, Pitcairn Co. bought a new position in shares of Boise Cascade in the 2nd quarter valued at about $228,000. Institutional investors and hedge funds own 94.04% of the company’s stock.

Boise Cascade Company Profile

Boise Cascade Company manufactures wood products and distributes building materials in the United States and Canada. It operates in two segments, Wood Products and Building Materials Distribution. The Wood Products segment manufactures laminated veneer lumber and laminated beams used in headers and beams; I-joists for residential and commercial flooring and roofing systems, and other structural applications; and structural, appearance, and industrial plywood panels.

Featured Article: What is dividend yield?

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