BlueLinx Holdings Inc. (NYSE:BXC) Holdings Lifted by Barclays PLC

Barclays PLC boosted its holdings in BlueLinx Holdings Inc. (NYSE:BXC) by 24.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 56,169 shares of the construction company’s stock after purchasing an additional 10,940 shares during the quarter. Barclays PLC’s holdings in BlueLinx were worth $5,739,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. PNC Financial Services Group Inc. bought a new stake in shares of BlueLinx in the 4th quarter worth approximately $61,000. AlphaQuest LLC grew its position in BlueLinx by 28.4% in the fourth 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. Bailard Inc. bought a new position in shares of BlueLinx in the fourth quarter valued at $245,000. Aristides Capital LLC acquired a new stake in shares of BlueLinx during the 4th quarter valued at $277,000. Finally, Intech Investment Management LLC boosted its stake in shares of BlueLinx by 48.1% during the 4th quarter. Intech Investment Management LLC now owns 2,813 shares of the construction company’s stock worth $287,000 after acquiring an additional 914 shares in the last quarter. 90.83% of the stock is owned by institutional investors and hedge funds.

BlueLinx Stock Down 1.7 %

Shares of BlueLinx stock opened at $72.83 on Friday. The company has a current ratio of 4.85, a quick ratio of 3.26 and a debt-to-equity ratio of 0.89. BlueLinx Holdings Inc. has a 1 year low of $67.42 and a 1 year high of $134.79. The stock has a 50-day moving average price of $77.00 and a 200 day moving average price of $99.54. The company has a market cap of $595.78 million, a P/E ratio of 11.86 and a beta of 1.82.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BXC shares. DA Davidson cut their target price on BlueLinx from $137.00 to $119.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Loop Capital reduced 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 target price on shares of BlueLinx from $135.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, StockNews.com downgraded shares of BlueLinx from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. 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 data from MarketBeat, BlueLinx has an average rating of “Moderate Buy” and a consensus price target of $122.25.

About BlueLinx

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.