BlueLinx Holdings Inc. (NYSE:BXC) Shares Sold by LSV Asset Management

LSV Asset Management cut its stake in BlueLinx Holdings Inc. (NYSE:BXC - Free Report) by 70.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,300 shares of the construction company's stock after selling 17,000 shares during the quarter. LSV Asset Management owned approximately 0.09% of BlueLinx worth $746,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its position in shares of BlueLinx by 59.1% in the third quarter. Public Employees Retirement System of Ohio now owns 377 shares of the construction company's stock valued at $40,000 after buying an additional 140 shares during the last quarter. PNC Financial Services Group Inc. purchased a new stake in BlueLinx during the 4th quarter valued at about $61,000. AlphaQuest LLC raised its holdings in BlueLinx by 28.4% in the 4th quarter. AlphaQuest LLC now owns 1,455 shares of the construction company's stock valued at $149,000 after acquiring an additional 322 shares during the last quarter. FMR LLC lifted its stake in BlueLinx by 10.5% in the 3rd quarter. FMR LLC now owns 1,545 shares of the construction company's stock worth $163,000 after purchasing an additional 147 shares in the last quarter. Finally, Bailard Inc. purchased a new position in BlueLinx in the 4th quarter worth approximately $245,000. 90.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Benchmark 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. Loop Capital cut their target price on BlueLinx from $120.00 to $115.00 and set a "buy" rating for the company in a research note on Monday, April 14th. DA Davidson reduced their price target on BlueLinx from $137.00 to $119.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Finally, StockNews.com lowered shares of BlueLinx from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $122.25.

BlueLinx Stock Up 2.3 %

Shares of BXC traded up $1.62 during mid-day trading on Friday, hitting $71.70. 96,788 shares of the company's stock were exchanged, compared to its average volume of 80,111. The stock's 50-day moving average is $79.88 and its 200-day moving average is $100.66. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.26 and a current ratio of 4.85. BlueLinx Holdings Inc. has a fifty-two week low of $67.42 and a fifty-two week high of $134.79. The company has a market cap of $586.58 million, a price-to-earnings ratio of 11.68 and a beta of 1.82.

BlueLinx (NYSE:BXC - Get Free Report) last released its earnings results on Tuesday, February 18th. The construction company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%.

About BlueLinx

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.