BlueLinx (NYSE:BXC) Price Target Lowered to $115.00 at Loop Capital

BlueLinx (NYSE:BXC) had its price target reduced by Loop Capital from $120.00 to $115.00 in a research report report published on Monday,Benzinga reports. They currently have a buy rating on the construction company’s stock.

BXC has been the subject of several other reports. DA Davidson lowered their target price on BlueLinx from $137.00 to $119.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Benchmark lowered their price objective on BlueLinx from $135.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, StockNews.com cut shares of BlueLinx from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $122.25.

BlueLinx Trading Down 0.3 %

NYSE BXC opened at $71.34 on Monday. 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 firm has a market cap of $591.77 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 $82.54 and a 200-day simple moving average of $101.59. BlueLinx has a one year low of $67.42 and a one year high of $134.79.

BlueLinx (NYSE:BXC) last issued its quarterly 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). BlueLinx had a net margin of 1.80% and a return on equity of 7.50%. The business had revenue of $710.64 million during the quarter, compared to analysts’ expectations of $700.66 million.

Institutional Trading of BlueLinx

A number of institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio raised its position in shares of BlueLinx by 59.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 377 shares of the construction company’s stock worth $40,000 after acquiring an additional 140 shares in the last quarter. PNC Financial Services Group Inc. acquired a new stake in BlueLinx during the fourth quarter worth approximately $61,000. AlphaQuest LLC lifted its position in shares of BlueLinx by 28.4% during the 4th quarter. AlphaQuest LLC now owns 1,455 shares of the construction company’s stock worth $149,000 after buying an additional 322 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of BlueLinx by 352.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,469 shares of the construction company’s stock valued at $150,000 after buying an additional 1,144 shares in the last quarter. Finally, FMR LLC grew its position in shares of BlueLinx by 10.5% in the 3rd quarter. FMR LLC now owns 1,545 shares of the construction company’s stock valued at $163,000 after buying an additional 147 shares during the last quarter. 90.83% of the stock is owned by hedge funds and other institutional investors.

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.