ExodusPoint Capital Management LP Invests $589,000 in BlueLinx Holdings Inc. (NYSE:BXC)

ExodusPoint Capital Management LP acquired a new position in BlueLinx Holdings Inc. (NYSE:BXC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,761 shares of the construction company's stock, valued at approximately $589,000. ExodusPoint Capital Management LP owned about 0.07% of BlueLinx as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. O Shaughnessy Asset Management LLC boosted its stake in shares of BlueLinx by 194.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 6,148 shares of the construction company's stock valued at $628,000 after purchasing an additional 4,060 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in BlueLinx by 1.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 82,845 shares of the construction company's stock valued at $8,463,000 after acquiring an additional 1,391 shares during the last quarter. Norges Bank bought a new stake in BlueLinx during the fourth quarter valued at $1,532,000. Caisse Des Depots ET Consignations acquired a new stake in BlueLinx during the 4th quarter worth about $1,088,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of BlueLinx in the 4th quarter worth about $756,000. 90.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BXC has been the subject of a number of research analyst reports. Loop Capital lowered their target price on BlueLinx from $120.00 to $115.00 and set a "buy" rating for the company in a report on Monday. DA Davidson lowered their price objective on shares of BlueLinx from $137.00 to $119.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Benchmark cut their target price on shares of BlueLinx from $135.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Finally, StockNews.com lowered shares of BlueLinx from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, BlueLinx has an average rating of "Moderate Buy" and a consensus price target of $122.25.

BlueLinx Stock Up 2.0 %

BXC traded up $1.41 during trading on Thursday, hitting $71.49. 15,657 shares of the company's stock were exchanged, compared to its average volume of 79,784. BlueLinx Holdings Inc. has a fifty-two week low of $67.42 and a fifty-two week high of $134.79. The stock has a market cap of $593.03 million, a P/E ratio of 11.61 and a beta of 1.82. The business's 50 day moving average is $81.17 and its two-hundred day moving average is $101.16. 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 - Get Free Report) last announced its quarterly earnings results 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). The business had revenue of $710.64 million during the quarter, compared to the consensus estimate of $700.66 million. BlueLinx had a net margin of 1.80% and a return on equity of 7.50%.

BlueLinx Company 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.