River Road Asset Management LLC Purchases Shares of 73,816 BlueLinx Holdings Inc. (NYSE:BXC)

River Road Asset Management LLC acquired a new position in shares of BlueLinx Holdings Inc. (NYSE:BXC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 73,816 shares of the construction company’s stock, valued at approximately $7,541,000. River Road Asset Management LLC owned 0.88% of BlueLinx as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AlphaQuest LLC grew its stake in shares of 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 buying an additional 322 shares in the last quarter. PNC Financial Services Group Inc. acquired a new stake in BlueLinx during the 4th quarter worth approximately $61,000. Raymond James Financial Inc. acquired a new stake in BlueLinx during the 4th quarter worth approximately $3,451,000. Charles Schwab Investment Management Inc. boosted its position in BlueLinx by 19.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 199,871 shares of the construction company’s stock valued at $20,419,000 after buying an additional 32,693 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of BlueLinx by 11.1% in the fourth 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. Hedge funds and other institutional investors own 90.83% of the company’s stock.

Wall Street Analyst Weigh In

BXC has been the subject of a number of recent research reports. Benchmark decreased their target price on BlueLinx from $135.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 21st. StockNews.com downgraded BlueLinx from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. DA Davidson decreased their price target 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. Finally, Loop Capital dropped their price objective on shares of BlueLinx from $135.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.50.

BlueLinx Stock Up 0.1 %

Shares of NYSE:BXC opened at $77.12 on Wednesday. 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 Holdings Inc. has a twelve month low of $73.01 and a twelve month high of $134.79. The company has a market capitalization of $639.69 million, a PE ratio of 12.56 and a beta of 2.18. The firm has a 50 day simple moving average of $97.25 and a 200-day simple moving average of $106.04.

BlueLinx (NYSE:BXC) last posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The company had revenue of $710.64 million for the quarter, compared to analysts’ expectations 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.