BlueLinx (NYSE:BXC) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of BlueLinx (NYSE:BXC - Free Report) from a hold rating to a sell rating in a research report report published on Friday.

Several other research analysts have also recently issued reports on BXC. DA Davidson cut BlueLinx from a "buy" rating to a "neutral" rating and set a $80.00 target price on the stock. in a research report on Friday. Benchmark cut their price target on BlueLinx from $120.00 to $110.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, Loop Capital lowered their price objective on BlueLinx from $120.00 to $115.00 and set a "buy" rating for the company in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $110.00.

BlueLinx Trading Up 3.5%

Shares of BXC traded up $2.58 during mid-day trading on Friday, hitting $76.46. 117,397 shares of the company's stock traded hands, compared to its average volume of 83,708. The company has a quick ratio of 2.73, a current ratio of 4.16 and a debt-to-equity ratio of 0.94. BlueLinx has a 1 year low of $63.14 and a 1 year high of $134.79. The firm has a market capitalization of $613.17 million, a P/E ratio of 17.06 and a beta of 1.90. The business's 50-day moving average price is $73.13 and its 200-day moving average price is $81.30.

Institutional Investors Weigh In On BlueLinx

Institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio increased its holdings in shares of BlueLinx by 33.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 504 shares of the construction company's stock valued at $51,000 after acquiring an additional 127 shares during the period. CWM LLC grew its stake in BlueLinx by 92.8% during the 1st quarter. CWM LLC now owns 696 shares of the construction company's stock worth $52,000 after buying an additional 335 shares during the last quarter. PNC Financial Services Group Inc. purchased a new position in BlueLinx during the 4th quarter worth $61,000. Tower Research Capital LLC TRC grew its stake in BlueLinx by 352.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,469 shares of the construction company's stock worth $150,000 after buying an additional 1,144 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in BlueLinx during the 1st quarter worth $153,000. 90.83% of the stock is owned by institutional investors.

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.