Raymond James & Associates Increases Position in BlueLinx Holdings Inc. (NYSE:BXC)

Raymond James & Associates boosted its position in BlueLinx Holdings Inc. (NYSE:BXC) by 4.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,616 shares of the construction company’s stock after purchasing an additional 116 shares during the period. Raymond James & Associates’ holdings in BlueLinx were worth $296,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BXC. Public Employees Retirement System of Ohio grew its stake in shares of BlueLinx by 2,202.5% during the third quarter. Public Employees Retirement System of Ohio now owns 3,661 shares of the construction company’s stock valued at $301,000 after buying an additional 3,502 shares during the last quarter. Vanguard Group Inc. lifted its holdings in BlueLinx by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 487,902 shares of the construction company’s stock worth $40,052,000 after buying an additional 4,256 shares during the period. Wellington Management Group LLP bought a new stake in shares of BlueLinx in the 3rd quarter worth approximately $11,025,000. American Century Companies Inc. increased its stake in shares of BlueLinx by 12.8% during the third quarter. American Century Companies Inc. now owns 167,873 shares of the construction company’s stock valued at $13,781,000 after buying an additional 19,108 shares during the period. Finally, SkyView Investment Advisors LLC raised its holdings in shares of BlueLinx by 2.8% during the third quarter. SkyView Investment Advisors LLC now owns 8,057 shares of the construction company’s stock valued at $661,000 after acquiring an additional 222 shares in the last quarter. 90.83% of the stock is currently owned by institutional investors.

BlueLinx Trading Down 1.3 %

NYSE:BXC opened at $111.52 on Tuesday. The company’s 50-day simple moving average is $120.72 and its 200 day simple moving average is $106.28. BlueLinx Holdings Inc. has a one year low of $66.58 and a one year high of $132.67. The firm has a market capitalization of $964.65 million, a P/E ratio of 21.16 and a beta of 1.91. The company has a debt-to-equity ratio of 0.90, a current ratio of 5.13 and a quick ratio of 3.55.

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

Insider Buying and Selling at BlueLinx

In related news, Director Mitchell B. Lewis sold 314 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $119.09, for a total transaction of $37,394.26. Following the completion of the sale, the director now owns 38,828 shares in the company, valued at $4,624,026.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Mitchell B. Lewis sold 2,904 shares of the company’s 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 completion of the sale, the director now directly owns 2,790 shares in the company, valued at approximately $326,848.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mitchell B. Lewis sold 314 shares of BlueLinx stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $119.09, for a total value of $37,394.26. Following the transaction, the director now owns 38,828 shares in the company, valued at $4,624,026.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,570 shares of company stock worth $1,000,196. Company insiders own 3.38% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on BXC shares. Benchmark lifted their price target on shares of BlueLinx from $100.00 to $144.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. TheStreet cut BlueLinx from a “b” rating to a “c” rating in a research note 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.