BlueLinx Holdings Inc. (NYSE:BXC) Shares Acquired by Towle & Co.

Towle & Co. grew its position in BlueLinx Holdings Inc. (NYSE:BXC - Free Report) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 120,972 shares of the construction company's stock after acquiring an additional 8,123 shares during the quarter. BlueLinx comprises about 2.1% of Towle & Co.'s portfolio, making the stock its 24th largest position. Towle & Co. owned 1.44% of BlueLinx worth $12,358,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. purchased a new position in BlueLinx in the 4th quarter worth about $61,000. AlphaQuest LLC boosted its holdings in shares of BlueLinx by 28.4% in the 4th quarter. AlphaQuest LLC now owns 1,455 shares of the construction company's stock valued at $149,000 after buying an additional 322 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of BlueLinx by 352.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,469 shares of the construction company's stock valued at $150,000 after purchasing an additional 1,144 shares during the last quarter. Mariner LLC purchased a new position in shares of BlueLinx in the 4th quarter valued at approximately $220,000. Finally, Graham Capital Management L.P. purchased a new position in shares of BlueLinx in the 4th quarter valued at approximately $234,000. Hedge funds and other institutional investors own 90.83% of the company's stock.

BlueLinx Trading Down 0.9%

Shares of BXC stock traded down $0.63 on Friday, hitting $65.89. 105,410 shares of the stock traded hands, compared to its average volume of 81,461. The firm's 50-day moving average price is $72.14 and its two-hundred day moving average price is $94.09. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.26 and a current ratio of 4.85. The stock has a market capitalization of $528.53 million, a PE ratio of 10.73 and a beta of 1.99. BlueLinx Holdings Inc. has a twelve month low of $63.55 and a twelve month high of $134.79.

BlueLinx (NYSE:BXC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). BlueLinx had a return on equity of 7.50% and a net margin of 1.80%. The business had revenue of $710.64 million for the quarter, compared to analysts' expectations of $700.66 million.

Wall Street Analysts Forecast Growth

BXC has been the subject of a number of recent research reports. Wall Street Zen lowered shares of BlueLinx from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. DA Davidson reduced their price target on shares of BlueLinx from $119.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Loop Capital reduced their price target on shares of BlueLinx from $120.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Benchmark reduced their price target on shares of BlueLinx from $120.00 to $110.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, BlueLinx presently has an average rating of "Moderate Buy" and an average target price of $110.00.

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.