Towle & Co. cut its position in shares of BlueLinx Holdings Inc. (NYSE:BXC – Free Report) by 37.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 104,587 shares of the construction company’s stock after selling 62,609 shares during the quarter. BlueLinx makes up about 2.2% of Towle & Co.’s holdings, making the stock its 24th biggest position. Towle & Co. owned approximately 1.34% of BlueLinx worth $5,667,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in BXC. Summit Securities Group LLC purchased a new stake in shares of BlueLinx during the fourth quarter valued at approximately $31,000. Tower Research Capital LLC TRC raised its holdings in shares of BlueLinx by 114.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 792 shares of the construction company’s stock worth $59,000 after purchasing an additional 422 shares during the period. State of Wyoming lifted its stake in BlueLinx by 19.5% in the fourth quarter. State of Wyoming now owns 1,456 shares of the construction company’s stock valued at $89,000 after purchasing an additional 238 shares during the last quarter. Comerica Bank raised its stake in shares of BlueLinx by 5,468.2% in the third quarter. Comerica Bank now owns 1,225 shares of the construction company’s stock valued at $90,000 after buying an additional 1,203 shares during the period. Finally, Inceptionr LLC purchased a new position in shares of BlueLinx during the 3rd quarter valued at $230,000. 90.83% of the stock is owned by institutional investors.
BlueLinx Stock Performance
Shares of BXC opened at $57.55 on Friday. BlueLinx Holdings Inc. has a 12-month low of $44.78 and a 12-month high of $87.88. The company has a current ratio of 3.90, a quick ratio of 2.51 and a debt-to-equity ratio of 0.96. The company has a market cap of $447.72 million, a PE ratio of -110.67 and a beta of 1.41. The stock has a 50-day moving average price of $54.78 and a 200-day moving average price of $59.55.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on BXC shares. DA Davidson reiterated a “neutral” rating and set a $65.00 target price on shares of BlueLinx in a research report on Wednesday, July 15th. Wall Street Zen upgraded BlueLinx from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of BlueLinx in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, BlueLinx has a consensus rating of “Hold” and a consensus target price of $70.00.
Read Our Latest Analysis on BXC
About BlueLinx
BlueLinx Corporation is a leading distributor of building products in the United States, serving professional builders, contractors and industrial customers. The company offers a comprehensive portfolio that includes lumber, engineered wood products, plywood, oriented strand board, siding, railing, millwork and specialty construction materials. Through its nationwide network of distribution centers, BlueLinx provides inventory management, delivery and supply-chain solutions designed to help customers streamline operations and reduce carrying costs.
Founded in 2004 as a spin-off from Georgia-Pacific’s distribution business, BlueLinx has developed a broad product line that spans both residential and commercial construction markets.
Read More
- Five stocks we like better than BlueLinx
- Premium Retail’s Stress Test Is Separating Winners From Losers
- D-Wave Quantum or a Quantum ETF: Which Is the Better Bet?
- GE Vernova Just Sent a Mixed AI Signal to Investors
- Alphabet Crushed Earnings, But One Number Spooked the Market
Want to see what other hedge funds are holding BXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlueLinx Holdings Inc. (NYSE:BXC – Free Report).
Receive News & Ratings for BlueLinx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlueLinx and related companies with MarketBeat.com's FREE daily email newsletter.
