BNP Paribas Arbitrage SA Cuts Holdings in Boise Cascade, L.L.C. (BCC)

BNP Paribas Arbitrage SA cut its stake in Boise Cascade, L.L.C. (NYSE:BCC) by 80.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,285 shares of the construction company’s stock after selling 81,473 shares during the quarter. BNP Paribas Arbitrage SA owned about 0.05% of Boise Cascade worth $708,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Arizona State Retirement System raised its position in Boise Cascade by 0.5% in the second quarter. Arizona State Retirement System now owns 20,121 shares of the construction company’s stock valued at $612,000 after purchasing an additional 100 shares during the period. Louisiana State Employees Retirement System raised its position in Boise Cascade by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 15,700 shares of the construction company’s stock valued at $477,000 after purchasing an additional 100 shares during the period. Public Employees Retirement System of Ohio raised its position in Boise Cascade by 2.8% in the second quarter. Public Employees Retirement System of Ohio now owns 7,655 shares of the construction company’s stock valued at $233,000 after purchasing an additional 212 shares during the period. Texas Permanent School Fund grew its stake in shares of Boise Cascade by 1.3% during the second quarter. Texas Permanent School Fund now owns 28,135 shares of the construction company’s stock valued at $855,000 after acquiring an additional 368 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its stake in shares of Boise Cascade by 4.6% during the second quarter. Wedge Capital Management L L P NC now owns 9,584 shares of the construction company’s stock valued at $291,000 after acquiring an additional 420 shares in the last quarter. 94.77% of the stock is currently owned by institutional investors.

Several analysts have recently weighed in on the company. Vertical Research downgraded Boise Cascade from a “buy” rating to a “hold” rating and set a $36.00 target price for the company. in a research note on Wednesday, October 4th. Sidoti assumed coverage on Boise Cascade in a research note on Friday, September 15th. They set a “buy” rating for the company. Zacks Investment Research downgraded Boise Cascade from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. DA Davidson downgraded Boise Cascade from a “buy” rating to a “neutral” rating and set a $36.00 target price 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 target price for the company from $35.00 to $36.00 in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Boise Cascade has an average rating of “Hold” and an average target price of $36.40.

In related news, Director Thomas E. Carlile sold 17,552 shares of Boise Cascade stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $31.75, for a total value of $557,276.00. Following the completion of the transaction, the director now directly owns 63,496 shares in the company, valued at $2,015,998. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by company insiders.

Shares of Boise Cascade, L.L.C. (NYSE:BCC) opened at $39.50 on Wednesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.19 and a current ratio of 2.27. The firm has a market capitalization of $1,494.18, a PE ratio of 23.20, a PEG ratio of 1.10 and a beta of 2.09. Boise Cascade, L.L.C. has a 52 week low of $22.25 and a 52 week high of $39.95.

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

The company also recently declared 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 of this dividend is Friday, November 24th. Boise Cascade’s dividend payout ratio (DPR) is 4.00%.

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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.

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Institutional Ownership by Quarter for Boise Cascade (NYSE:BCC)

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