River Road Asset Management LLC Increases Stake in BlueLinx Holdings Inc. $BXC

River Road Asset Management LLC boosted its position in BlueLinx Holdings Inc. (NYSE:BXC) by 9.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 240,500 shares of the construction company’s stock after acquiring an additional 21,640 shares during the period. River Road Asset Management LLC’s holdings in BlueLinx were worth $14,774,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in BlueLinx by 1.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,788 shares of the construction company’s stock worth $847,000 after purchasing an additional 154 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of BlueLinx by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,863 shares of the construction company’s stock worth $365,000 after purchasing an additional 220 shares in the last quarter. State of Wyoming raised its position in shares of BlueLinx by 19.5% in the fourth quarter. State of Wyoming now owns 1,456 shares of the construction company’s stock valued at $89,000 after purchasing an additional 238 shares during the period. Deutsche Bank AG raised its position in shares of BlueLinx by 0.9% in the fourth quarter. Deutsche Bank AG now owns 37,272 shares of the construction company’s stock valued at $2,290,000 after purchasing an additional 320 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of BlueLinx by 4.3% during the 1st quarter. Royal Bank of Canada now owns 7,870 shares of the construction company’s stock valued at $590,000 after buying an additional 321 shares in the last quarter. 90.83% of the stock is owned by hedge funds and other institutional investors.

BlueLinx Stock Down 0.6%

Shares of NYSE BXC opened at $57.24 on Friday. The company has a quick ratio of 2.51, a current ratio of 3.90 and a debt-to-equity ratio of 0.96. The company has a market cap of $445.32 million, a P/E ratio of -110.07 and a beta of 1.45. BlueLinx Holdings Inc. has a 52 week low of $44.78 and a 52 week high of $88.30. The business has a 50-day simple moving average of $53.39 and a two-hundred day simple moving average of $60.39.

BlueLinx (NYSE:BXC) last announced its quarterly earnings results on Tuesday, May 5th. The construction company reported $0.21 earnings per share for the quarter, beating the consensus estimate of ($0.72) by $0.93. BlueLinx had a negative return on equity of 0.30% and a negative net margin of 0.14%.The firm had revenue of $731.15 million for the quarter, compared to analysts’ expectations of $714.84 million.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wall Street Zen raised shares of BlueLinx from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Benchmark lowered their target price on shares of BlueLinx from $83.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of BlueLinx in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $71.50.

BlueLinx Company Profile

BlueLinx Corporation is a leading distributor of building products in the United States, serving professional builders, contractors and industrial customers. The company offers a comprehensive portfolio that includes lumber, engineered wood products, plywood, oriented strand board, siding, railing, millwork and specialty construction materials. Through its nationwide network of distribution centers, BlueLinx provides inventory management, delivery and supply-chain solutions designed to help customers streamline operations and reduce carrying costs.

Founded in 2004 as a spin-off from Georgia-Pacific’s distribution business, BlueLinx has developed a broad product line that spans both residential and commercial construction markets.