Vestcor Inc Sells 3,247 Shares of BlueLinx Holdings Inc. (NYSE:BXC)

Vestcor Inc lowered its stake in BlueLinx Holdings Inc. (NYSE:BXC) by 25.5% during the 4th quarter, Holdings Channel reports. The firm owned 9,467 shares of the construction company’s stock after selling 3,247 shares during the quarter. Vestcor Inc’s holdings in BlueLinx were worth $967,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BXC. Victory Capital Management Inc. boosted its stake in BlueLinx by 600.3% during the third quarter. Victory Capital Management Inc. now owns 218,685 shares of the construction company’s stock valued at $23,054,000 after buying an additional 187,456 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of BlueLinx by 19.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 199,871 shares of the construction company’s stock worth $20,419,000 after acquiring an additional 32,693 shares in the last quarter. State Street Corp boosted its position in shares of BlueLinx by 0.6% during the 3rd quarter. State Street Corp now owns 198,003 shares of the construction company’s stock valued at $20,873,000 after acquiring an additional 1,252 shares during the last quarter. Mill Road Capital Management LLC grew its holdings in shares of BlueLinx by 10.1% in the third quarter. Mill Road Capital Management LLC now owns 142,297 shares of the construction company’s stock valued at $15,001,000 after purchasing an additional 13,023 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in BlueLinx by 1.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 138,552 shares of the construction company’s stock worth $14,154,000 after purchasing an additional 1,359 shares during the last quarter. Hedge funds and other institutional investors own 90.83% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on BXC shares. StockNews.com cut shares of BlueLinx from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Loop Capital decreased their price objective on BlueLinx from $135.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Benchmark dropped their target price on BlueLinx from $135.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 21st. Finally, DA Davidson cut their price target on shares of BlueLinx from $137.00 to $119.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $123.50.

BlueLinx Trading Up 3.1 %

BXC opened at $80.84 on Friday. BlueLinx Holdings Inc. has a 52 week low of $73.01 and a 52 week high of $134.79. The company has a market capitalization of $670.53 million, a P/E ratio of 13.17 and a beta of 2.18. The stock’s fifty day moving average is $95.94 and its two-hundred day moving average is $105.54. The company has a quick ratio of 3.26, a current ratio of 4.85 and a debt-to-equity ratio of 0.89.

BlueLinx (NYSE:BXC) last released its quarterly earnings data 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). BlueLinx had a net margin of 1.80% and a return on equity of 7.50%. The firm had revenue of $710.64 million during the quarter, compared to the consensus estimate 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.