Invesco Ltd. Has $1.12 Million Stock Holdings in BlueLinx Holdings Inc. (NYSE:BXC)

Invesco Ltd. boosted its position in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,947 shares of the construction company’s stock after purchasing an additional 295 shares during the quarter. Invesco Ltd. owned 0.13% of BlueLinx worth $1,118,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BXC. PNC Financial Services Group Inc. bought a new position in BlueLinx in the fourth quarter valued at $61,000. AlphaQuest LLC boosted its stake in shares of BlueLinx by 28.4% during the 4th 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 4th quarter valued at about $245,000. Aristides Capital LLC acquired a new stake in shares of BlueLinx in the fourth quarter valued at about $277,000. Finally, Intech Investment Management LLC raised its holdings in BlueLinx by 48.1% during the fourth 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. Institutional investors own 90.83% of the company’s stock.

BlueLinx Stock Performance

NYSE:BXC opened at $63.93 on Friday. The company has a market capitalization of $523.01 million, a price-to-earnings ratio of 10.41 and a beta of 1.82. BlueLinx Holdings Inc. has a 1-year low of $63.55 and a 1-year high of $134.79. The business has a 50 day moving average of $75.54 and a 200 day moving average of $98.43. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.85 and a quick ratio of 3.26.

BlueLinx (NYSE:BXC) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.51 EPS 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 for the quarter, compared to the consensus estimate of $700.66 million.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BXC. Loop Capital cut their price target on shares of BlueLinx from $120.00 to $115.00 and set a “buy” rating for the company in a report on Monday, April 14th. StockNews.com cut BlueLinx from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. DA Davidson decreased their price target on BlueLinx from $119.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Benchmark dropped their price objective on BlueLinx from $135.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $112.50.

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.