BlueLinx (NYSE:BXC - Get Free Report) had its price objective decreased by investment analysts at DA Davidson from $137.00 to $119.00 in a report issued on Thursday,Benzinga reports. The firm currently has a "buy" rating on the construction company's stock. DA Davidson's price objective indicates a potential upside of 45.16% from the company's previous close.
BlueLinx Trading Down 0.7 %
Shares of BlueLinx stock traded down $0.55 on Thursday, reaching $81.98. The company had a trading volume of 104,538 shares, compared to its average volume of 67,592. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.26 and a current ratio of 4.85. The firm has a market cap of $679.58 million, a PE ratio of 13.35 and a beta of 2.04. The firm's 50 day moving average price is $104.09 and its two-hundred day moving average price is $107.54. BlueLinx has a 52-week low of $80.30 and a 52-week high of $134.79.
BlueLinx (NYSE:BXC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). The business had revenue of $710.64 million for the quarter, compared to analyst estimates of $700.66 million. BlueLinx had a return on equity of 7.50% and a net margin of 1.80%.
Institutional Trading of BlueLinx
A number of hedge funds and other institutional investors have recently bought and sold shares of BXC. Public Employees Retirement System of Ohio boosted its position in shares of BlueLinx by 59.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 377 shares of the construction company's stock worth $40,000 after acquiring an additional 140 shares in the last quarter. PNC Financial Services Group Inc. acquired a new position in BlueLinx in the fourth quarter valued at approximately $61,000. Quest Partners LLC boosted its holdings in BlueLinx by 43.2% in the third quarter. Quest Partners LLC now owns 1,133 shares of the construction company's stock valued at $119,000 after purchasing an additional 342 shares in the last quarter. Meeder Asset Management Inc. increased its stake in BlueLinx by 50.1% in the third quarter. Meeder Asset Management Inc. now owns 1,135 shares of the construction company's stock valued at $120,000 after purchasing an additional 379 shares during the last quarter. Finally, AlphaQuest LLC raised its holdings in BlueLinx by 28.4% during the fourth quarter. AlphaQuest LLC now owns 1,455 shares of the construction company's stock worth $149,000 after purchasing an additional 322 shares in the last quarter. 90.83% of the stock is currently owned by institutional investors and hedge funds.
BlueLinx Company Profile
(
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BlueLinx Holdings Inc, together with its subsidiaries, engages in the distribution of residential and commercial building products in the United States. It distributes specialty products, including engineered wood, siding, millwork, outdoor living, specialty lumber and panels, and industrial products; and structural products, such as lumber, plywood, oriented strand boards, rebars and remesh, as well as other wood products that are used for structural support in construction projects.
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