Boise Cascade Co (NYSE:BCC) Institutional Investors Sentiment Change

July 18, 2017 - By Maria Brooks

 Boise Cascade Co (NYSE:BCC) Institutional Investors Sentiment Change

Sentiment for Boise Cascade Co (NYSE:BCC)

Boise Cascade Co (NYSE:BCC) institutional sentiment increased to 1.24 in Q4 2016. Its up 0.03, from 1.21 in 2016Q3. The ratio has improved, as 87 funds increased or opened new holdings, while 70 sold and reduced their holdings in Boise Cascade Co. The funds in our partner’s database reported: 35.62 million shares, down from 35.63 million shares in 2016Q3. Also, the number of funds holding Boise Cascade Co in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 20 Reduced: 50 Increased: 62 New Position: 25.

Boise Cascade Company is an integrated wood products maker and building materials distributor with activities throughout the United States and one manufacturing facility in Canada. The company has market cap of $1.14 billion. The Firm is also a producer of engineered wood products and plywood in North America. It has a 26.05 P/E ratio. The Firm operates through three divisions: Wood Products, Building Materials Distribution, and Corporate and Other.

The stock increased 1.94% or $0.55 on July 17, reaching $28.95. About shares traded. Boise Cascade Co (NYSE:BCC) has risen 24.71% since July 18, 2016 and is uptrending. It has outperformed by 8.01% the S&P500.

Investors wait Boise Cascade Co (NYSE:BCC) to report on July, 27. its quarterly earnings Wall Street analysts expect $0.48 earnings per share, down $0.01 or 2.04 % from last year’s $0.49 same quarter earnings. This translates into $18.90M profit for BCC giving the stock a 15.08 P/E. This is assuming the current $0.48 EPS is accurate. Boise Cascade Co’s Wall Street analysts see 84.62 % EPS growth, taking into account the $0.26 EPS reproted in the previous quarter,

Buckingham Capital Management Inc holds 0.6% of its portfolio in Boise Cascade Co for 200,968 shares. Nwq Investment Management Company Llc owns 1.60 million shares or 0.49% of their US portfolio. Moreover, Heartland Advisors Inc has 0.48% invested in the company for 387,501 shares. The Massachusetts-based Frontier Capital Management Co Llc has invested 0.4% in the stock. Perkins Investment Management Llc, a Illinois-based fund reported 1.32 million shares.#img1#

Boise Cascade Co (NYSE:BCC) Ratings Coverage

Ratings analysis reveals 50% of Boise Cascade’s analysts are positive. Out of 4 Wall Street analysts rating Boise Cascade, 2 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $25 while the high is $34. The stock’s average target of $33.67 is 16.30% above today’s ($28.95) share price. BCC was included in 9 notes of analysts from July 24, 2015. As per Friday, July 1, the company rating was downgraded by Bank of America. The firm has “Buy” rating given on Tuesday, April 4 by Bank of America. The stock has “Outperform” rating by BMO Capital Markets on Friday, February 19. BMO Capital Markets maintained the shares of BCC in report on Friday, June 9 with “Hold” rating. As per Wednesday, October 26, the company rating was downgraded by Goldman Sachs. The firm has “Buy” rating given on Friday, July 24 by DA Davidson. BMO Capital Markets maintained Boise Cascade Co (NYSE:BCC) rating on Thursday, April 13. BMO Capital Markets has “Hold” rating and $30 target. The firm has “Buy” rating given on Thursday, September 22 by Goldman Sachs.

More important recent Boise Cascade Co (NYSE:BCC) news were published by: Benzinga.com which released: “Goldman Neutral On Paper/Forest Products: Prefers Boise Cascade, Weyerhauser” on September 22, 2016, also Pionline.com published article titled: “Boise Cascade completes lump-sum payment to active and former employees”, Streetinsider.com published: “Boise Cascade Company (BCC) PT Raised to $33 at BMO Capital Following Investor …” on June 12, 2017. More interesting news about Boise Cascade Co (NYSE:BCC) was released by: Seekingalpha.com and their article: “Boise Cascade’s (BCC) CEO Thomas Corrick on Q4 2016 Results – Earnings Call …” with publication date: February 24, 2017.

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