BlueLinx Holdings Inc. (NYSE:BXC) Stock Holdings Cut by Great Lakes Advisors LLC

Great Lakes Advisors LLC reduced its position in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,028 shares of the construction company’s stock after selling 1,643 shares during the quarter. Great Lakes Advisors LLC owned about 0.42% of BlueLinx worth $3,578,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BXC. HighTower Advisors LLC bought a new stake in shares of BlueLinx during the 4th quarter worth $1,055,000. River Road Asset Management LLC bought a new stake in shares of BlueLinx during the 4th quarter worth $7,541,000. AlphaQuest LLC boosted 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 acquiring an additional 322 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of BlueLinx during the 4th quarter worth $61,000. Finally, Raymond James Financial Inc. bought a new stake in shares of BlueLinx during the 4th quarter worth $3,451,000. 90.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. StockNews.com lowered BlueLinx from a “buy” rating to a “hold” rating in a research note 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 decreased their target price 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, DA Davidson dropped their price target on BlueLinx from $137.00 to $119.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.50.

BlueLinx Stock Up 3.1 %

Shares of BlueLinx stock opened at $80.84 on Friday. The stock has a market capitalization of $670.53 million, a P/E ratio of 13.17 and a beta of 2.18. The company has a quick ratio of 3.26, a current ratio of 4.85 and a debt-to-equity ratio of 0.89. The stock has a 50 day moving average price of $95.94 and a two-hundred day moving average price of $105.50. BlueLinx Holdings Inc. has a 12-month low of $73.01 and a 12-month high of $134.79.

BlueLinx (NYSE:BXC) last announced its earnings results on Tuesday, February 18th. The construction company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The company had revenue of $710.64 million for the quarter, compared to the consensus estimate 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.