BlueLinx Holdings Inc. (NYSE:BXC) Shares Acquired by Northern Trust Corp

Northern Trust Corp boosted its position in shares of BlueLinx Holdings Inc. (NYSE:BXC - Free Report) by 12.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 92,199 shares of the construction company's stock after acquiring an additional 10,438 shares during the quarter. Northern Trust Corp owned about 1.10% of BlueLinx worth $9,419,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. purchased a new stake in BlueLinx in the fourth quarter valued at approximately $61,000. AlphaQuest LLC lifted its stake in BlueLinx by 28.4% during the 4th 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 period. Tower Research Capital LLC TRC boosted its holdings 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 acquiring an additional 1,144 shares during the last quarter. Mariner LLC acquired a new stake in shares of BlueLinx in the fourth quarter worth $220,000. Finally, Bailard Inc. purchased a new position in shares of BlueLinx during the fourth quarter worth $245,000. Hedge funds and other institutional investors own 90.83% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BXC shares. Loop Capital decreased their target price 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. StockNews.com cut BlueLinx from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Benchmark lowered their target price on BlueLinx from $120.00 to $110.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, DA Davidson dropped their target price on BlueLinx from $119.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. One 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, the stock has an average rating of "Moderate Buy" and a consensus target price of $110.00.

BlueLinx Stock Performance

NYSE BXC traded down $3.64 during mid-day trading on Wednesday, reaching $66.15. 65,299 shares of the stock were exchanged, compared to its average volume of 81,076. The company has a market capitalization of $530.62 million, a P/E ratio of 10.77 and a beta of 1.99. 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 business's 50 day moving average is $73.00 and its 200-day moving average is $94.94. BlueLinx Holdings Inc. has a 1 year low of $63.55 and a 1 year high of $134.79.

BlueLinx (NYSE:BXC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.51 earnings per share 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 firm had revenue of $710.64 million during the quarter, compared to analyst estimates of $700.66 million.

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.