BlueLinx Holdings Inc. (NYSE: BXC) shares plummeted 5.10% in Friday's intraday trading session, underperforming the broader market.

The stock drop came after analysts at DA Davidson and Loop Capital lowered their price targets on BlueLinx, citing expectations of lower profitability going forward. DA Davidson cut its target to $119 from $137, while Loop Capital trimmed its target to $120 from $135, though both firms maintained Buy ratings on the stock.

Analysts pointed to moderating lumber prices and higher selling, general and administrative expenses as potential headwinds for BlueLinx's earnings. However, they view the current profitability levels as "trough-like" unless there is a significant downturn in housing activity.