Vestcor Inc Has $967,000 Stake in BlueLinx Holdings Inc. (NYSE:BXC)

Vestcor Inc lowered its position in shares of BlueLinx Holdings Inc. (NYSE:BXC - Free Report) by 25.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,467 shares of the construction company's stock after selling 3,247 shares during the quarter. Vestcor Inc owned about 0.11% of BlueLinx worth $967,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of BXC. Public Employees Retirement System of Ohio increased 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 worth $40,000 after purchasing an additional 140 shares during the period. PNC Financial Services Group Inc. bought a new position in shares of BlueLinx in the fourth quarter worth $61,000. Quest Partners LLC increased its position in shares of BlueLinx by 43.2% in the third quarter. Quest Partners LLC now owns 1,133 shares of the construction company's stock worth $119,000 after purchasing an additional 342 shares during the period. Meeder Asset Management Inc. increased its position in shares of BlueLinx by 50.1% in the third quarter. Meeder Asset Management Inc. now owns 1,135 shares of the construction company's stock worth $120,000 after purchasing an additional 379 shares during the period. Finally, AlphaQuest LLC increased its position in shares of BlueLinx by 28.4% in 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 during the period. Institutional investors and hedge funds own 90.83% of the company's stock.

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BlueLinx Trading Up 1.3 %

Shares of NYSE:BXC traded up $1.02 during midday trading on Monday, hitting $81.91. 29,680 shares of the stock were exchanged, compared to its average volume of 73,638. The stock has a market capitalization of $679.44 million, a price-to-earnings ratio of 13.33 and a beta of 2.18. 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 business's 50-day moving average price is $95.94 and its 200 day moving average price is $105.58. BlueLinx Holdings Inc. has a 12 month low of $73.01 and a 12 month high of $134.79.

BlueLinx (NYSE:BXC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The company had revenue of $710.64 million during 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%.

Analyst Ratings Changes

A number of research firms have issued reports on BXC. DA Davidson decreased their target price on BlueLinx from $137.00 to $119.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Loop Capital decreased their target price on BlueLinx from $135.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. StockNews.com cut BlueLinx from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Finally, Benchmark decreased their target price on BlueLinx from $135.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.