Tower Research Capital LLC TRC Increases Stock Holdings in BlueLinx Holdings Inc. (NYSE:BXC)

Tower Research Capital LLC TRC raised its position in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 352.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,469 shares of the construction company’s stock after purchasing an additional 1,144 shares during the quarter. Tower Research Capital LLC TRC’s holdings in BlueLinx were worth $150,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BXC. Dimensional Fund Advisors LP grew its position in BlueLinx by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 579,636 shares of the construction company’s stock valued at $59,216,000 after buying an additional 1,889 shares during the period. Portolan Capital Management LLC grew its position in shares of BlueLinx by 764.6% during the 4th quarter. Portolan Capital Management LLC now owns 35,061 shares of the construction company’s stock valued at $3,582,000 after acquiring an additional 31,006 shares during the period. XTX Topco Ltd increased its stake in shares of BlueLinx by 14.2% in the 4th quarter. XTX Topco Ltd now owns 2,747 shares of the construction company’s stock worth $281,000 after purchasing an additional 341 shares in the last quarter. Mariner LLC bought a new position in BlueLinx in the 4th quarter worth $220,000. Finally, Barclays PLC lifted its position in BlueLinx by 24.2% during the fourth quarter. Barclays PLC now owns 56,169 shares of the construction company’s stock valued at $5,739,000 after purchasing an additional 10,940 shares in the last quarter. Hedge funds and other institutional investors own 90.83% of the company’s stock.

Wall Street Analysts Forecast Growth

BXC has been the subject of a number of analyst reports. StockNews.com cut BlueLinx from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Benchmark decreased their target price on shares of BlueLinx from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. DA Davidson dropped their price target on shares of BlueLinx from $119.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Finally, Loop Capital decreased their price objective on shares of BlueLinx from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $110.00.

BlueLinx Stock Down 2.8 %

NYSE BXC opened at $64.81 on Wednesday. BlueLinx Holdings Inc. has a 12 month low of $63.55 and a 12 month high of $134.79. The company has a current ratio of 4.85, a quick ratio of 3.26 and a debt-to-equity ratio of 0.89. The stock has a market cap of $519.87 million, a PE ratio of 10.55 and a beta of 1.99. The stock’s 50 day moving average is $74.55 and its 200 day moving average is $97.44.

BlueLinx (NYSE:BXC) last released its earnings results on Tuesday, February 18th. The construction company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The company had revenue of $710.64 million during the quarter, compared to analysts’ expectations of $700.66 million. BlueLinx had a return on equity of 7.50% and a net margin of 1.80%.

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.