Strs Ohio Sells 1,100 Shares of BlueLinx Holdings Inc. (NYSE:BXC)

Strs Ohio reduced its stake in BlueLinx Holdings Inc. (NYSE:BXC) by 15.1% during the 4th quarter, HoldingsChannel reports. The firm owned 6,200 shares of the construction company’s stock after selling 1,100 shares during the quarter. Strs Ohio’s holdings in BlueLinx were worth $702,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. DekaBank Deutsche Girozentrale bought a new stake in BlueLinx during the 3rd quarter worth approximately $47,000. Raymond James & Associates bought a new stake in BlueLinx during the 3rd quarter worth approximately $205,000. Quadrature Capital Ltd bought a new stake in BlueLinx during the 3rd quarter worth approximately $240,000. Quantbot Technologies LP grew its position in BlueLinx by 74.0% during the 3rd quarter. Quantbot Technologies LP now owns 3,406 shares of the construction company’s stock worth $280,000 after acquiring an additional 1,449 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new position in BlueLinx in the 3rd quarter valued at $293,000. 90.83% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Mitchell B. Lewis sold 5,352 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $116.33, for a total value of $622,598.16. Following the transaction, the director now owns 33,476 shares of the company’s stock, valued at approximately $3,894,263.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Mitchell B. Lewis sold 2,904 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $117.15, for a total value of $340,203.60. Following the transaction, the director now owns 2,790 shares of the company’s stock, valued at approximately $326,848.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mitchell B. Lewis sold 5,352 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $116.33, for a total value of $622,598.16. Following the sale, the director now directly owns 33,476 shares in the company, valued at approximately $3,894,263.08. The disclosure for this sale can be found here. Insiders have sold a total of 8,570 shares of company stock valued at $1,000,196 in the last 90 days. 4.50% of the stock is owned by company insiders.

BlueLinx Stock Up 1.2 %

Shares of BXC opened at $113.62 on Friday. The firm has a market capitalization of $982.81 million, a price-to-earnings ratio of 21.56 and a beta of 1.90. The company has a debt-to-equity ratio of 0.90, a quick ratio of 3.55 and a current ratio of 5.13. The business’s fifty day moving average price is $120.99 and its two-hundred day moving average price is $105.36. BlueLinx Holdings Inc. has a 52 week low of $66.58 and a 52 week high of $132.67.

BlueLinx (NYSE:BXC) last posted its quarterly earnings results on Tuesday, February 20th. The construction company reported $2.64 earnings per share for the quarter. The company had revenue of $712.53 million for the quarter. BlueLinx had a return on equity of 14.81% and a net margin of 1.55%.

Wall Street Analyst Weigh In

BXC has been the topic of a number of recent research reports. TheStreet lowered BlueLinx from a “b” rating to a “c” rating in a research report on Thursday, February 22nd. Benchmark increased their price objective on BlueLinx from $100.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd.

About BlueLinx

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.