Jacobs Levy Equity Management Inc. Takes $1.61 Million Position in BlueLinx Holdings Inc. (NYSE:BXC)

Jacobs Levy Equity Management Inc. purchased a new position in BlueLinx Holdings Inc. (NYSE:BXC - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 15,737 shares of the construction company's stock, valued at approximately $1,608,000. Jacobs Levy Equity Management Inc. owned approximately 0.19% of BlueLinx at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of BXC. Barclays PLC increased its position in shares of BlueLinx by 32.0% in the third quarter. Barclays PLC now owns 45,229 shares of the construction company's stock worth $4,767,000 after acquiring an additional 10,966 shares in the last quarter. Hunter Perkins Capital Management LLC boosted its position in shares of BlueLinx by 4.0% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 5,225 shares of the construction company's stock worth $534,000 after buying an additional 200 shares during the period. Bailard Inc. purchased a new position in shares of BlueLinx during the fourth quarter valued at $245,000. Steward Partners Investment Advisory LLC lifted its stake in BlueLinx by 11.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,433 shares of the construction company's stock worth $351,000 after acquiring an additional 344 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in BlueLinx by 19.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 199,871 shares of the construction company's stock worth $20,419,000 after acquiring an additional 32,693 shares during the period. 90.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BXC. 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. StockNews.com lowered shares of BlueLinx from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Benchmark cut their price objective on BlueLinx from $120.00 to $110.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, DA Davidson lowered their target price on BlueLinx from $119.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $110.00.

BlueLinx Stock Performance

NYSE:BXC traded down $0.26 on Tuesday, hitting $69.66. The company's stock had a trading volume of 99,278 shares, compared to its average volume of 81,048. BlueLinx Holdings Inc. has a one year low of $63.55 and a one year high of $134.79. The firm has a market capitalization of $558.81 million, a P/E ratio of 11.35 and a beta of 1.99. The stock has a fifty day moving average of $73.18 and a two-hundred day moving average of $95.12. The company has a current ratio of 4.85, a quick ratio of 3.26 and a debt-to-equity ratio of 0.89.

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 the consensus estimate of $0.52 by ($0.01). BlueLinx had a net margin of 1.80% and a return on equity of 7.50%. The company had revenue of $710.64 million during the quarter, compared to the consensus estimate of $700.66 million.

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.