O Shaughnessy Asset Management LLC Grows Stock Holdings in BlueLinx Holdings Inc. (NYSE:BXC)

O Shaughnessy Asset Management LLC boosted its position in BlueLinx Holdings Inc. (NYSE:BXC - Free Report) by 194.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,148 shares of the construction company's stock after purchasing an additional 4,060 shares during the period. O Shaughnessy Asset Management LLC owned about 0.07% of BlueLinx worth $628,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. River Road Asset Management LLC purchased a new stake in BlueLinx during the 4th quarter valued at approximately $7,541,000. Raymond James Financial Inc. purchased a new position in BlueLinx in the fourth quarter worth about $3,451,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of BlueLinx by 19.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 199,871 shares of the construction company's stock worth $20,419,000 after purchasing an additional 32,693 shares during the period. American Century Companies Inc. increased its position in BlueLinx by 8.4% during the fourth quarter. American Century Companies Inc. now owns 311,567 shares of the construction company's stock valued at $31,830,000 after acquiring an additional 24,087 shares during the last quarter. Finally, Meros Investment Management LP raised its position in BlueLinx by 54.5% in the 3rd quarter. Meros Investment Management LP now owns 60,799 shares of the construction company's stock worth $6,409,000 after purchasing an additional 21,455 shares during the period. Hedge funds and other institutional investors own 90.83% of the company's stock.

Analyst Upgrades and Downgrades

BXC has been the topic of a number of recent analyst reports. StockNews.com lowered BlueLinx from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. DA Davidson lowered their target price on BlueLinx from $137.00 to $119.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Benchmark lowered their price target on shares of BlueLinx from $135.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Finally, Loop Capital reduced their target price on BlueLinx from $120.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $122.25.

BlueLinx Trading Up 0.2 %

NYSE BXC traded up $0.13 on Tuesday, reaching $71.39. 10,223 shares of the company were exchanged, compared to its average volume of 79,727. 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 fifty-two week low of $67.42 and a fifty-two week high of $134.79. The business's fifty day moving average price is $82.54 and its 200 day moving average price is $101.59. The stock has a market capitalization of $592.14 million, a P/E ratio of 11.63 and a beta of 1.82.

BlueLinx (NYSE:BXC - Get Free Report) last announced its quarterly earnings results 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). The company had revenue of $710.64 million for the quarter, compared to analyst estimates 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.