BNP Paribas Financial Markets Acquires 9,896 Shares of BlueLinx Holdings Inc. (NYSE:BXC)

BNP Paribas Financial Markets lifted its holdings in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 219.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,408 shares of the construction company’s stock after purchasing an additional 9,896 shares during the period. BNP Paribas Financial Markets owned about 0.17% of BlueLinx worth $1,472,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Intech Investment Management LLC increased its holdings in BlueLinx by 48.1% in the 4th quarter. Intech Investment Management LLC now owns 2,813 shares of the construction company’s stock worth $287,000 after acquiring an additional 914 shares during the last quarter. PNC Financial Services Group Inc. purchased a new stake in BlueLinx in the 4th quarter worth about $61,000. Barclays PLC increased its holdings in BlueLinx by 32.0% in the 3rd quarter. Barclays PLC now owns 45,229 shares of the construction company’s stock worth $4,767,000 after acquiring an additional 10,966 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in BlueLinx by 11.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,433 shares of the construction company’s stock worth $351,000 after acquiring an additional 344 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in BlueLinx by 352.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,469 shares of the construction company’s stock worth $150,000 after acquiring an additional 1,144 shares during the last quarter. Hedge funds and other institutional investors own 90.83% of the company’s stock.

Analysts Set New Price Targets

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

BlueLinx Stock Up 1.7%

BXC stock opened at $71.00 on Monday. The company has a quick ratio of 3.26, a current ratio of 4.85 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $569.55 million, a PE ratio of 11.56 and a beta of 1.99. BlueLinx Holdings Inc. has a twelve month low of $63.55 and a twelve month high of $134.79. The stock has a 50-day simple moving average of $73.35 and a two-hundred day simple moving average of $95.40.

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

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.