Shares of BlueLinx Holdings Inc. (NYSE:BXC – Get Free Report) have been assigned an average rating of “Hold” from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $83.50.
A number of research firms have issued reports on BXC. Citizens Jmp assumed coverage on shares of BlueLinx in a report on Thursday, September 24th. They issued a “market perform” rating for the company. Wall Street Zen lowered shares of BlueLinx from a “buy” rating to a “hold” rating in a report on Saturday, September 26th. Benchmark boosted their price objective on shares of BlueLinx from $75.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Weiss Ratings reissued a “sell (d)” rating on shares of BlueLinx in a research report on Monday, August 17th. Finally, Citigroup started coverage on BlueLinx in a research report on Thursday, September 24th. They issued a “market perform” rating on the stock.
Check Out Our Latest Research Report on BlueLinx
Institutional Trading of BlueLinx
Several large investors have recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC acquired a new stake in shares of BlueLinx during the third quarter worth about $595,000. WINTON GROUP Ltd acquired a new position in BlueLinx in the 2nd quarter worth approximately $364,000. Squarepoint Ops LLC increased its holdings in BlueLinx by 8.3% in the 2nd quarter. Squarepoint Ops LLC now owns 9,617 shares of the construction company’s stock worth $595,000 after buying an additional 734 shares during the period. Public Employees Retirement System of Ohio acquired a new position in BlueLinx in the 2nd quarter worth approximately $788,000. Finally, Bank of New York Mellon Corp purchased a new position in BlueLinx during the 2nd quarter worth approximately $1,571,000. Hedge funds and other institutional investors own 90.83% of the company’s stock.
BlueLinx Stock Up 0.6%
Shares of BXC stock opened at $75.41 on Monday. BlueLinx has a 1-year low of $44.78 and a 1-year high of $93.80. The stock’s fifty day moving average price is $77.54 and its 200 day moving average price is $64.21. The company has a debt-to-equity ratio of 0.95, a current ratio of 4.01 and a quick ratio of 2.59. The company has a market cap of $592.71 million, a price-to-earnings ratio of 681.18 and a beta of 1.43.
BlueLinx (NYSE:BXC – Get Free Report) last announced its earnings results on Tuesday, August 4th. The construction company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.85. The company had revenue of $814.08 million for the quarter, compared to analyst estimates of $793.72 million. BlueLinx had a positive return on equity of 0.13% and a negative net margin of 0.06%.
BlueLinx Company Profile
BlueLinx Corporation is a wholesale distributor of building products in the United States. The company supplies materials used in residential and commercial construction, remodeling, and industrial applications to customers such as lumberyards, building-material dealers, home improvement retailers, and manufactured housing producers.
Its product portfolio includes structural products such as lumber, plywood, oriented strand board, engineered wood, and other panels. BlueLinx also distributes specialty products, including siding, trim, roofing materials, insulation, gypsum products, and related building components.
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