Dynamic Technology Lab Private Ltd decreased its position in BlueLinx Holdings Inc. (NYSE:BXC - Free Report) by 46.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,430 shares of the construction company's stock after selling 3,811 shares during the period. Dynamic Technology Lab Private Ltd owned about 0.05% of BlueLinx worth $453,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in BXC. American Century Companies Inc. lifted its stake in shares of BlueLinx by 8.4% in the fourth quarter. American Century Companies Inc. now owns 311,567 shares of the construction company's stock valued at $31,830,000 after purchasing an additional 24,087 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of BlueLinx by 19.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 199,871 shares of the construction company's stock worth $20,419,000 after acquiring an additional 32,693 shares during the period. State Street Corp raised its holdings in BlueLinx by 0.6% during the third quarter. State Street Corp now owns 198,003 shares of the construction company's stock worth $20,873,000 after purchasing an additional 1,252 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in BlueLinx by 1.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 138,552 shares of the construction company's stock worth $14,154,000 after purchasing an additional 1,359 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of BlueLinx by 5.0% in the third quarter. JPMorgan Chase & Co. now owns 92,144 shares of the construction company's stock valued at $9,714,000 after buying an additional 4,363 shares in the last quarter. 90.83% of the stock is currently owned by institutional investors and hedge funds.
BlueLinx Trading Down 0.3 %
Shares of BlueLinx stock traded down $0.19 during trading hours on Monday, reaching $71.36. The stock had a trading volume of 5,888 shares, compared to its average volume of 79,733. The company has a current ratio of 4.85, a quick ratio of 3.26 and a debt-to-equity ratio of 0.89. BlueLinx Holdings Inc. has a 1 year low of $67.42 and a 1 year high of $134.79. The firm has a market capitalization of $591.93 million, a price-to-earnings ratio of 11.62 and a beta of 1.82. The firm has a 50 day simple moving average of $83.23 and a two-hundred day simple moving average of $101.82.
BlueLinx (NYSE:BXC - Get Free Report) last posted its earnings results on Tuesday, February 18th. The construction company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). BlueLinx had a net margin of 1.80% and a return on equity of 7.50%. The business had revenue of $710.64 million for the quarter, compared to analyst estimates of $700.66 million.
Wall Street Analysts Forecast Growth
BXC has been the subject of a number of research reports. Benchmark cut their target price on shares of BlueLinx from $135.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, February 21st. StockNews.com cut BlueLinx from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. DA Davidson cut their target price on shares of BlueLinx from $137.00 to $119.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Finally, Loop Capital lowered their price target on shares of BlueLinx from $135.00 to $120.00 and set a "buy" rating for the company in a report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, BlueLinx currently has an average rating of "Moderate Buy" and an average target price of $123.50.
Check Out Our Latest Analysis on BXC
BlueLinx Profile
(
Free Report)
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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