BlueLinx Holdings Inc. (NYSE:BXC) Receives $124.67 Consensus PT from Analysts

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

Several equities analysts have recently weighed in on the company. Benchmark cut their target price on BlueLinx from $135.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday. Loop Capital cut their target price on BlueLinx from $135.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday. StockNews.com downgraded BlueLinx from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, DA Davidson cut their price objective on BlueLinx from $137.00 to $119.00 and set a “buy” rating on the stock in a research report on Thursday.

Hedge Funds Weigh In On BlueLinx

Hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio grew 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 buying an additional 140 shares in the last quarter. PNC Financial Services Group Inc. bought a new position in shares of BlueLinx during the 4th quarter worth $61,000. Quest Partners LLC grew its position in shares of BlueLinx by 43.2% during the 3rd quarter. Quest Partners LLC now owns 1,133 shares of the construction company’s stock worth $119,000 after buying an additional 342 shares in the last quarter. Meeder Asset Management Inc. grew its position in shares of BlueLinx by 50.1% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,135 shares of the construction company’s stock worth $120,000 after buying an additional 379 shares in the last quarter. Finally, AlphaQuest LLC grew 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 in the last quarter. Institutional investors own 90.83% of the company’s stock.

BlueLinx Stock Down 8.7 %

Shares of BXC opened at $82.40 on Friday. The stock has a market capitalization of $683.07 million, a price-to-earnings ratio of 13.42 and a beta of 2.04. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.85 and a quick ratio of 3.26. The business’s 50 day simple moving average is $104.09 and its 200-day simple moving average is $107.54. BlueLinx has a 1 year low of $82.23 and a 1 year high of $134.79.

BlueLinx (NYSE:BXC) last released its earnings results on Tuesday, February 18th. The construction company reported $0.51 earnings per share for the quarter, missing the consensus estimate 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 net margin of 1.80% and a return on equity of 7.50%.

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.