Peregrine Capital Management LLC lessened its position in shares of Boise Cascade Co (NYSE:BCC) by 0.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 649,626 shares of the construction company’s stock after selling 1,408 shares during the quarter. Peregrine Capital Management LLC’s holdings in Boise Cascade were worth $18,261,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its holdings in Boise Cascade by 10.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,177,418 shares of the construction company’s stock valued at $75,781,000 after buying an additional 289,177 shares during the period. Pictet Asset Management Ltd. purchased a new stake in Boise Cascade in the 1st quarter valued at about $13,059,000. Millennium Management LLC grew its holdings in Boise Cascade by 69.9% in the 4th quarter. Millennium Management LLC now owns 457,602 shares of the construction company’s stock valued at $10,914,000 after buying an additional 188,345 shares during the period. Municipal Employees Retirement System of Michigan purchased a new stake in Boise Cascade in the 4th quarter valued at about $596,000. Finally, Piedmont Investment Advisors Inc. grew its holdings in Boise Cascade by 5.4% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 9,803 shares of the construction company’s stock valued at $262,000 after buying an additional 506 shares during the period. Hedge funds and other institutional investors own 90.55% of the company’s stock.

Shares of NYSE:BCC opened at $26.65 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 2.54 and a debt-to-equity ratio of 0.77. Boise Cascade Co has a 1 year low of $22.00 and a 1 year high of $47.15. The stock has a market cap of $1.04 billion, a PE ratio of 11.64, a P/E/G ratio of 2.44 and a beta of 2.10. The business’s 50-day moving average price is $26.36.

Boise Cascade (NYSE:BCC) last issued its earnings results on Tuesday, May 7th. The construction company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. Boise Cascade had a positive return on equity of 11.49% and a negative net margin of 0.11%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the business earned $0.94 EPS. The company’s revenue for the quarter was down 11.9% on a year-over-year basis. Research analysts expect that Boise Cascade Co will post 1.72 EPS for the current year.

In other news, Director Kristopher J. Matula bought 3,500 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was acquired at an average price of $23.12 per share, for a total transaction of $80,920.00. Following the acquisition, the director now owns 14,049 shares of the company’s stock, valued at $324,812.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.50% of the stock is currently owned by insiders.

Several research firms have commented on BCC. Zacks Investment Research cut General Finance from a “buy” rating to a “hold” rating in a report on Monday, July 15th. Bank of America set a $80.00 price target on Colgate-Palmolive and gave the company a “buy” rating in a report on Friday, July 12th. Finally, Goldman Sachs Group cut Metcash from a “conviction-buy” rating to a “neutral” rating in a report on Monday, June 24th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Boise Cascade has a consensus rating of “Hold” and a consensus price target of $31.20.

About Boise Cascade

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.

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

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