Victory Capital Management Inc. lessened its holdings in shares of BlueLinx Holdings Inc. (NYSE:BXC - Free Report) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 213,318 shares of the construction company's stock after selling 5,367 shares during the quarter. Victory Capital Management Inc. owned about 2.55% of BlueLinx worth $21,793,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. CWA Asset Management Group LLC bought a new position in shares of BlueLinx in the 3rd quarter valued at about $551,000. MQS Management LLC purchased a new position in BlueLinx in the 3rd quarter worth about $355,000. Empowered Funds LLC raised its stake in shares of BlueLinx by 2.9% during the third quarter. Empowered Funds LLC now owns 67,410 shares of the construction company's stock valued at $7,106,000 after acquiring an additional 1,891 shares in the last quarter. Quest Partners LLC raised its holdings 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 valued at $119,000 after acquiring an additional 342 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in shares of BlueLinx by 50.1% in the 3rd 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 in the last quarter. 90.83% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms have weighed in on BXC. StockNews.com lowered BlueLinx from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Benchmark reduced their price objective on BlueLinx from $135.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Loop Capital lowered their price target on shares of BlueLinx from $135.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Finally, DA Davidson cut their price objective on BlueLinx from $137.00 to $119.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. One equities research 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, the company presently has an average rating of "Moderate Buy" and an average price target of $123.50.
Get Our Latest Stock Analysis on BlueLinx
BlueLinx Stock Up 0.1 %
NYSE BXC opened at $77.12 on Wednesday. BlueLinx Holdings Inc. has a one year low of $73.01 and a one year high of $134.79. 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 has a fifty day moving average price of $97.25 and a 200 day moving average price of $106.04. The company has a market cap of $639.69 million, a P/E ratio of 12.56 and a beta of 2.18.
BlueLinx (NYSE:BXC - Get Free Report) last announced its quarterly earnings data 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). 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 analysts' expectations of $700.66 million.
BlueLinx Company Profile
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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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