Boise Cascade, L.L.C. (BCC) Shares Bought by Sei Investments Co.

Sei Investments Co. increased its holdings in Boise Cascade, L.L.C. (NYSE:BCC) by 7.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,051 shares of the construction company’s stock after acquiring an additional 3,513 shares during the period. Sei Investments Co. owned about 0.13% of Boise Cascade worth $1,816,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in BCC. Arizona State Retirement System raised its stake in shares of Boise Cascade by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 20,121 shares of the construction company’s stock worth $612,000 after purchasing an additional 100 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Boise Cascade by 0.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 15,700 shares of the construction company’s stock worth $477,000 after purchasing an additional 100 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Boise Cascade by 2.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,655 shares of the construction company’s stock worth $233,000 after purchasing an additional 212 shares in the last quarter. Texas Permanent School Fund raised its stake in shares of Boise Cascade by 1.3% during the 2nd quarter. Texas Permanent School Fund now owns 28,135 shares of the construction company’s stock worth $855,000 after purchasing an additional 368 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in shares of Boise Cascade by 4.6% during the 2nd quarter. Wedge Capital Management L L P NC now owns 9,584 shares of the construction company’s stock worth $291,000 after purchasing an additional 420 shares in the last quarter. 94.77% of the stock is owned by hedge funds and other institutional investors.

Boise Cascade, L.L.C. (NYSE:BCC) opened at $38.75 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 2.27 and a debt-to-equity ratio of 0.67. Boise Cascade, L.L.C. has a one year low of $22.25 and a one year high of $39.85. The firm has a market capitalization of $1,484.54, a P/E ratio of 23.05, a P/E/G ratio of 1.09 and a beta of 2.09.

Boise Cascade (NYSE:BCC) last issued its quarterly earnings data on Tuesday, October 31st. The construction company reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.17. Boise Cascade had a return on equity of 10.66% and a net margin of 1.59%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the business earned $0.26 EPS. The firm’s revenue was up 14.9% compared to the same quarter last year. research analysts predict that Boise Cascade, L.L.C. will post 1.92 earnings per share for the current fiscal year.

The business also recently disclosed a Not Available dividend, which will be paid on Friday, December 15th. Investors of record on Monday, November 27th will be paid a $0.07 dividend. The ex-dividend date is Friday, November 24th. Boise Cascade’s payout ratio is 4.00%.

In related news, Director Thomas E. Carlile sold 17,552 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $2,015,998. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company insiders.

BCC has been the subject of a number of recent research reports. Sidoti initiated coverage on Boise Cascade in a research note on Friday, September 15th. They set a “buy” rating for the company. Zacks Investment Research raised Boise Cascade from a “sell” rating to a “hold” rating and set a $41.00 price target for the company in a research note on Thursday, November 2nd. Vertical Research downgraded Boise Cascade from a “buy” rating to a “hold” rating and set a $36.00 price target for the company. in a research note on Wednesday, October 4th. DA Davidson downgraded Boise Cascade from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a research note on Tuesday, October 3rd. Finally, Bank of America downgraded Boise Cascade from a “buy” rating to a “neutral” rating and raised their price target for the stock from $35.00 to $36.00 in a research note on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $36.40.

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About Boise Cascade

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 (NYSE:BCC)

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