Caisse Des Depots ET Consignations Purchases New Shares in BlueLinx Holdings Inc. (NYSE:BXC)

Caisse Des Depots ET Consignations purchased a new position in shares of BlueLinx Holdings Inc. (NYSE:BXC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,649 shares of the construction company's stock, valued at approximately $1,088,000. Caisse Des Depots ET Consignations owned about 0.13% of BlueLinx as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Vestcor Inc increased its position in BlueLinx by 1,797.6% during the third quarter. Vestcor Inc now owns 12,714 shares of the construction company's stock worth $1,340,000 after acquiring an additional 12,044 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of BlueLinx by 5.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 92,144 shares of the construction company's stock worth $9,714,000 after purchasing an additional 4,363 shares during the period. State Street Corp raised its position in shares of BlueLinx by 0.6% during the third quarter. State Street Corp now owns 198,003 shares of the construction company's stock valued at $20,873,000 after buying an additional 1,252 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of BlueLinx by 28.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 167,178 shares of the construction company's stock valued at $17,624,000 after buying an additional 36,968 shares during the period. Finally, Intech Investment Management LLC grew its position in BlueLinx by 48.1% during the fourth quarter. Intech Investment Management LLC now owns 2,813 shares of the construction company's stock worth $287,000 after buying an additional 914 shares in the last quarter. 90.83% of the stock is owned by institutional investors.

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BlueLinx Price Performance

Shares of BlueLinx stock traded up $0.05 during midday trading on Tuesday, hitting $75.03. 13,243 shares of the company were exchanged, compared to its average volume of 76,918. The firm has a 50 day simple moving average of $91.08 and a 200-day simple moving average of $104.37. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.85 and a quick ratio of 3.26. The firm has a market cap of $622.37 million, a P/E ratio of 12.22 and a beta of 2.18. BlueLinx Holdings Inc. has a 52 week low of $73.01 and a 52 week high of $134.79.

BlueLinx (NYSE:BXC - Get Free Report) last issued its earnings results on Tuesday, February 18th. The construction company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $710.64 million during the quarter, compared to analyst estimates of $700.66 million. BlueLinx had a net margin of 1.80% and a return on equity of 7.50%.

Analyst Ratings Changes

BXC has been the subject of several recent research reports. Loop Capital cut their price target on BlueLinx from $135.00 to $120.00 and set a "buy" rating for the company in a report on Friday, February 21st. Benchmark reduced their target price on BlueLinx from $135.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, February 21st. DA Davidson decreased their price target on shares of BlueLinx from $137.00 to $119.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Finally, StockNews.com downgraded shares of BlueLinx from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, BlueLinx currently has a consensus rating of "Moderate Buy" and an average target price of $123.50.

BlueLinx Company Profile

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.