BlueLinx Holdings Inc. (NYSE:BXC) Receives $124.67 Average Price Target from Analysts

Shares of BlueLinx Holdings Inc. (NYSE:BXC) have been given an average rating of “Buy” by the four research firms that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $123.50.

BXC has been the subject of a number of research reports. Benchmark reduced their price target on shares of BlueLinx from $135.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 21st. DA Davidson dropped their price target on shares of BlueLinx from $137.00 to $119.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. StockNews.com lowered BlueLinx from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, Loop Capital lowered their price target on BlueLinx from $135.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 21st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio lifted 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 in the last quarter. PNC Financial Services Group Inc. bought a new position in shares of BlueLinx in the fourth quarter valued at $61,000. Quest Partners LLC lifted its stake in 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 during the last quarter. Meeder Asset Management Inc. grew its position 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 acquiring an additional 379 shares during the period. Finally, AlphaQuest LLC increased its stake 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 purchasing an additional 322 shares during the last quarter. Institutional investors own 90.83% of the company’s stock.

BlueLinx Price Performance

BXC opened at $81.27 on Friday. BlueLinx has a 1 year low of $79.42 and a 1 year high of $134.79. The stock has a fifty day moving average price of $101.70 and a 200 day moving average price of $107.02. The company has a current ratio of 4.85, a quick ratio of 3.26 and a debt-to-equity ratio of 0.89. The stock has a market cap of $674.13 million, a price-to-earnings ratio of 13.24 and a beta of 2.04.

BlueLinx (NYSE:BXC) last posted its 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). 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%.

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.