Media headlines about Boise Cascade, L.L.C. (NYSE:BCC) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Boise Cascade, L.L.C. earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the construction company an impact score of 45.9307919807839 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Boise Cascade, L.L.C. (BCC) traded up 0.29% on Wednesday, reaching $34.75. 383,328 shares of the company’s stock were exchanged. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 29.20 and a beta of 2.08. Boise Cascade, L.L.C. has a one year low of $17.80 and a one year high of $35.80. The company’s 50 day moving average is $32.06 and its 200-day moving average is $29.90.
Boise Cascade, L.L.C. (NYSE:BCC) last announced 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 firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Boise Cascade, L.L.C. had a net margin of 1.13% and a return on equity of 8.32%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.49 EPS. On average, analysts anticipate that Boise Cascade, L.L.C. will post $1.67 EPS for the current year.
BCC has been the topic of a number of research analyst reports. BidaskClub downgraded shares of Boise Cascade, L.L.C. from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Bank of America Corporation downgraded shares of Boise Cascade, L.L.C. from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $35.00 to $36.00 in a research report on Monday, October 2nd. Zacks Investment Research downgraded shares of Boise Cascade, L.L.C. from a “hold” rating to a “sell” rating in a research report on Tuesday. Vertical Research downgraded shares of Boise Cascade, L.L.C. from a “buy” rating to a “hold” rating and set a $36.00 price objective on the stock. in a research report on Wednesday, October 4th. Finally, DA Davidson downgraded shares of Boise Cascade, L.L.C. from a “buy” rating to a “neutral” rating and set a $36.00 price objective on the stock. in a research report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $33.20.
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In other news, EVP Nick Stokes sold 4,227 shares of the firm’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 owns 63,753 shares in the company, valued at $2,062,409.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Kelly E. Hibbs sold 1,511 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $814,842. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,290 shares of company stock worth $741,616. Insiders own 1.00% of the company’s stock.
About Boise Cascade, L.L.C.
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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