Towle & Co. Has $12.36 Million Stake in BlueLinx Holdings Inc. (NYSE:BXC)

Towle & Co. increased its holdings in shares of BlueLinx Holdings Inc. (NYSE:BXC - Free Report) by 7.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,972 shares of the construction company's stock after buying an additional 8,123 shares during the period. BlueLinx comprises approximately 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 quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. acquired a new stake in shares of BlueLinx in the fourth quarter valued at about $61,000. AlphaQuest LLC boosted its holdings in BlueLinx by 28.4% in the fourth quarter. AlphaQuest LLC now owns 1,455 shares of the construction company's stock valued at $149,000 after acquiring an additional 322 shares during the last quarter. Tower Research Capital LLC TRC increased its position in BlueLinx by 352.0% during 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 period. Mariner LLC acquired a new stake in BlueLinx during the 4th quarter valued at approximately $220,000. Finally, Graham Capital Management L.P. bought a new position in BlueLinx during the 4th quarter worth approximately $234,000. 90.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BXC shares. DA Davidson reduced their price objective on shares of BlueLinx from $119.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Loop Capital cut their price target on shares of BlueLinx from $120.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Benchmark decreased their price target on BlueLinx from $120.00 to $110.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, Wall Street Zen downgraded BlueLinx from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $110.00.

BlueLinx Stock Down 0.9%

Shares of BlueLinx stock traded down $0.63 during trading on Friday, reaching $65.89. 88,067 shares of the company traded hands, compared to its average volume of 81,409. The firm 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 1-year low of $63.55 and a 1-year high of $134.79. The company has a 50 day moving average price of $72.42 and a 200-day moving average price of $94.44. 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 - Get Free Report) last posted 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 company 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%.

About BlueLinx

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.