BlueLinx Holdings Inc. (NYSE:BXC) is Mill Road Capital Management LLC's 8th Largest Position

Mill Road Capital Management LLC reduced its stake in BlueLinx Holdings Inc. (NYSE:BXC - Free Report) by 17.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 117,864 shares of the construction company's stock after selling 24,433 shares during the period. BlueLinx makes up 5.7% of Mill Road Capital Management LLC's portfolio, making the stock its 8th biggest position. Mill Road Capital Management LLC owned approximately 1.41% of BlueLinx worth $12,041,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. RBF Capital LLC bought a new stake in BlueLinx during the 4th quarter valued at about $488,000. Price T Rowe Associates Inc. MD grew its holdings in shares of BlueLinx by 20.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,587 shares of the construction company's stock valued at $2,717,000 after buying an additional 4,539 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of BlueLinx by 19.2% during the fourth quarter. Hsbc Holdings PLC now owns 17,349 shares of the construction company's stock valued at $1,774,000 after acquiring an additional 2,792 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in BlueLinx by 352.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,469 shares of the construction company's stock worth $150,000 after acquiring an additional 1,144 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in BlueLinx by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 579,636 shares of the construction company's stock valued at $59,216,000 after acquiring an additional 1,889 shares in the last quarter. 90.83% of the stock is currently owned by institutional investors.

BlueLinx Trading Down 0.3 %

Shares of NYSE BXC opened at $71.42 on Thursday. The stock has a market capitalization of $584.31 million, a P/E ratio of 11.63 and a beta of 1.82. BlueLinx Holdings Inc. has a 1-year low of $67.42 and a 1-year high of $134.79. The business's 50 day moving average is $78.09 and its two-hundred day moving average is $100.01. 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 released its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.51 earnings per share (EPS) 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 analysts' expectations of $700.66 million. BlueLinx had a net margin of 1.80% and a return on equity of 7.50%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. StockNews.com downgraded BlueLinx from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. DA Davidson dropped their price target on shares of BlueLinx from $137.00 to $119.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Benchmark decreased their price objective on shares of BlueLinx from $135.00 to $120.00 and set a "buy" rating for the company in a report on Friday, February 21st. Finally, Loop Capital dropped their target price on shares of BlueLinx from $120.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, April 14th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, BlueLinx currently has an average rating of "Moderate Buy" and a consensus target price of $122.25.

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.

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