Northern Trust Corp Has $9.42 Million Stock Holdings in BlueLinx Holdings Inc. (NYSE:BXC)

Northern Trust Corp lifted its position in BlueLinx Holdings Inc. (NYSE:BXC) by 12.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 92,199 shares of the construction company’s stock after purchasing an additional 10,438 shares during the quarter. Northern Trust Corp owned 1.10% of BlueLinx worth $9,419,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. River Road Asset Management LLC bought a new stake in BlueLinx during the 4th quarter worth approximately $7,541,000. Raymond James Financial Inc. acquired a new position in BlueLinx in the fourth quarter worth $3,451,000. Charles Schwab Investment Management Inc. grew its holdings in shares of BlueLinx by 19.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 199,871 shares of the construction company’s stock worth $20,419,000 after purchasing an additional 32,693 shares during the last quarter. Portolan Capital Management LLC increased its stake in shares of BlueLinx by 764.6% in the fourth quarter. Portolan Capital Management LLC now owns 35,061 shares of the construction company’s stock valued at $3,582,000 after buying an additional 31,006 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of BlueLinx by 8.4% in the fourth quarter. American Century Companies Inc. now owns 311,567 shares of the construction company’s stock valued at $31,830,000 after buying an additional 24,087 shares in the last quarter. 90.83% of the stock is owned by institutional investors.

BlueLinx Trading Up 1.7%

Shares of NYSE BXC opened at $71.00 on Friday. BlueLinx Holdings Inc. has a fifty-two week low of $63.55 and a fifty-two week high of $134.79. The firm has a market capitalization of $569.55 million, a P/E ratio of 11.56 and a beta of 1.99. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.85 and a quick ratio of 3.26. The company’s 50 day simple moving average is $73.35 and its 200 day simple moving average is $95.50.

BlueLinx (NYSE:BXC) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.51 earnings per share (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 the consensus estimate of $700.66 million. BlueLinx had a return on equity of 7.50% and a net margin of 1.80%.

Analyst Ratings Changes

Several research firms have weighed in on BXC. Benchmark lowered their price objective on shares of BlueLinx from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. StockNews.com lowered shares of BlueLinx from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. DA Davidson reduced their price objective on BlueLinx from $119.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Finally, Loop Capital lowered their target price on BlueLinx from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, April 14th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $110.00.

BlueLinx 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.