BlueLinx Holdings Inc. (NYSE:BXC) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 19.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,410 shares of the construction company’s stock after purchasing an additional 230 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in BlueLinx were worth $160,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Mackenzie Financial Corp purchased a new stake in shares of BlueLinx in the fourth quarter worth about $261,000. Stratos Wealth Partners LTD. increased its holdings in shares of BlueLinx by 4.3% during the 4th quarter. Stratos Wealth Partners LTD. now owns 3,751 shares of the construction company’s stock valued at $425,000 after purchasing an additional 156 shares in the last quarter. Denali Advisors LLC lifted its stake in shares of BlueLinx by 0.8% in the 4th quarter. Denali Advisors LLC now owns 53,661 shares of the construction company’s stock valued at $6,080,000 after purchasing an additional 415 shares during the period. MJP Associates Inc. ADV acquired a new position in shares of BlueLinx in the 4th quarter valued at $446,000. Finally, Raymond James & Associates boosted its holdings in BlueLinx by 4.6% during the fourth quarter. Raymond James & Associates now owns 2,616 shares of the construction company’s stock worth $296,000 after buying an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 90.83% of the company’s stock.

BlueLinx Stock Up 1.2 %

Shares of NYSE BXC opened at $101.12 on Thursday. BlueLinx Holdings Inc. has a 52-week low of $67.76 and a 52-week high of $132.67. The company has a quick ratio of 3.22, a current ratio of 4.71 and a debt-to-equity ratio of 0.88. The company’s 50-day simple moving average is $118.41 and its 200-day simple moving average is $107.50. The firm has a market cap of $875.66 million, a price-to-earnings ratio of 18.97 and a beta of 1.96.

BlueLinx (NYSE:BXC) last posted its quarterly earnings data on Tuesday, February 20th. The construction company reported $2.64 EPS for the quarter. The company had revenue of $712.53 million during the quarter. BlueLinx had a return on equity of 14.11% and a net margin of 1.57%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BXC. TheStreet downgraded shares of BlueLinx from a “b” rating to a “c” rating in a research report on Thursday, February 22nd. Craig Hallum reduced their price target on BlueLinx from $130.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Finally, Benchmark dropped their price objective on BlueLinx from $144.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd.

Insider Activity at BlueLinx

In other BlueLinx news, 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 transaction of $37,394.26. Following the sale, the director now owns 38,828 shares of the company’s stock, valued at approximately $4,624,026.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other BlueLinx news, Director Mitchell B. Lewis sold 314 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $119.09, for a total value of $37,394.26. Following the completion of the sale, the director now owns 38,828 shares in the company, valued at approximately $4,624,026.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mitchell B. Lewis sold 5,352 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $3,894,263.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,570 shares of company stock valued at $1,000,196. 3.38% of the stock is owned by insiders.

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.