State of Wyoming Cuts Position in BlueLinx Holdings Inc. (NYSE:BXC)

State of Wyoming trimmed its position in BlueLinx Holdings Inc. (NYSE:BXC) by 12.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,429 shares of the construction company’s stock after selling 346 shares during the quarter. State of Wyoming’s holdings in BlueLinx were worth $248,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of BlueLinx by 2.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,643 shares of the construction company’s stock worth $474,000 after purchasing an additional 104 shares during the period. Hunter Perkins Capital Management LLC raised its holdings in shares of BlueLinx by 4.0% during the 4th quarter. Hunter Perkins Capital Management LLC now owns 5,225 shares of the construction company’s stock valued at $534,000 after buying an additional 200 shares during the period. Sterling Capital Management LLC raised its holdings in shares of BlueLinx by 4.3% during the 4th quarter. Sterling Capital Management LLC now owns 5,556 shares of the construction company’s stock valued at $568,000 after buying an additional 230 shares during the period. Invesco Ltd. raised its holdings in shares of BlueLinx by 2.8% during the 4th quarter. Invesco Ltd. now owns 10,947 shares of the construction company’s stock valued at $1,118,000 after buying an additional 295 shares during the period. Finally, AlphaQuest LLC raised its holdings in shares of BlueLinx by 28.4% during the 4th quarter. AlphaQuest LLC now owns 1,455 shares of the construction company’s stock valued at $149,000 after buying an additional 322 shares during the period. 90.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BXC has been the topic of several analyst reports. Loop Capital dropped their target price on BlueLinx from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, April 14th. DA Davidson dropped their target price on BlueLinx from $119.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Wall Street Zen downgraded BlueLinx from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Finally, Benchmark dropped their target price on BlueLinx from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, BlueLinx presently has a consensus rating of “Moderate Buy” and an average price target of $110.00.

BlueLinx Price Performance

Shares of NYSE BXC opened at $65.89 on Friday. BlueLinx Holdings Inc. has a fifty-two week low of $63.55 and a fifty-two week high of $134.79. The business has a 50 day moving average price of $72.14 and a two-hundred day moving average price of $94.09. 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 firm has a market cap of $528.53 million, a PE ratio of 10.73 and a beta of 1.99.

BlueLinx (NYSE:BXC) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). BlueLinx had a net margin of 1.80% and a return on equity of 7.50%. The business had revenue of $710.64 million for the quarter, compared to analyst estimates of $700.66 million.

BlueLinx 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.