Voya Investment Management LLC Decreases Holdings in BlueLinx Holdings Inc. (NYSE:BXC)

Voya Investment Management LLC decreased its holdings in BlueLinx Holdings Inc. (NYSE:BXC) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,273 shares of the construction company’s stock after selling 286 shares during the period. Voya Investment Management LLC owned 0.05% of BlueLinx worth $437,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. bought a new position in shares of BlueLinx during the 4th quarter valued at approximately $61,000. AlphaQuest LLC raised its stake in shares of BlueLinx by 28.4% in the fourth 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 period. Tower Research Capital LLC TRC lifted 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 worth $150,000 after acquiring an additional 1,144 shares during the last quarter. Mariner LLC purchased a new position in shares of BlueLinx during the 4th quarter worth about $220,000. Finally, Bailard Inc. bought a new position in BlueLinx during the 4th quarter valued at about $245,000. 90.83% of the stock is owned by institutional investors.

BlueLinx Trading Up 0.6 %

NYSE:BXC opened at $68.18 on Friday. 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 50-day simple moving average of $73.93 and a 200-day simple moving average of $96.70. BlueLinx Holdings Inc. has a one year low of $63.55 and a one year high of $134.79. The firm has a market cap of $546.94 million, a P/E ratio of 11.10 and a beta of 1.99.

BlueLinx (NYSE:BXC) last posted its earnings results 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 company had revenue of $710.64 million during the quarter, compared to analysts’ expectations of $700.66 million.

Analysts Set New Price Targets

BXC has been the subject of several analyst reports. Loop Capital decreased their price objective on shares of BlueLinx from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Benchmark dropped their price objective on BlueLinx from $120.00 to $110.00 and set a “buy” rating for the company in a report on Friday, May 2nd. StockNews.com lowered BlueLinx from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, DA Davidson reduced their price target on shares of BlueLinx from $119.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $110.00.

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.