BlueLinx Holdings Inc. $BXC Shares Acquired by Towle & Co.

Towle & Co. boosted its holdings in BlueLinx Holdings Inc. (NYSE:BXC) by 41.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 78,186 shares of the construction company’s stock after purchasing an additional 22,855 shares during the period. Towle & Co. owned about 0.99% of BlueLinx worth $5,714,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Royal Bank of Canada raised its position in shares of BlueLinx by 4.3% in the 1st quarter. Royal Bank of Canada now owns 7,870 shares of the construction company’s stock valued at $590,000 after purchasing an additional 321 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of BlueLinx by 24.6% in the first quarter. AQR Capital Management LLC now owns 48,257 shares of the construction company’s stock worth $3,618,000 after buying an additional 9,538 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in BlueLinx by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,863 shares of the construction company’s stock valued at $365,000 after acquiring an additional 220 shares in the last quarter. Allianz Asset Management GmbH bought a new position in BlueLinx during the 2nd quarter valued at $785,000. Finally, SG Americas Securities LLC grew its holdings in BlueLinx by 100.4% during the 2nd quarter. SG Americas Securities LLC now owns 7,998 shares of the construction company’s stock worth $595,000 after acquiring an additional 4,006 shares in the last quarter. Institutional investors and hedge funds own 90.83% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BXC shares. Weiss Ratings restated a “sell (d)” rating on shares of BlueLinx in a research note on Monday, December 29th. DA Davidson set a $68.00 price objective on BlueLinx in a report on Thursday, November 6th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $88.67.

BlueLinx Stock Down 1.1%

Shares of NYSE:BXC opened at $72.68 on Friday. The company’s fifty day moving average is $70.00 and its two-hundred day moving average is $70.58. The company has a debt-to-equity ratio of 0.96, a quick ratio of 3.15 and a current ratio of 4.60. BlueLinx Holdings Inc. has a 1-year low of $52.71 and a 1-year high of $91.99. The stock has a market capitalization of $571.97 million, a price-to-earnings ratio of 42.75 and a beta of 1.63.

About BlueLinx

BlueLinx Corporation is a leading distributor of building products in the United States, serving professional builders, contractors and industrial customers. The company offers a comprehensive portfolio that includes lumber, engineered wood products, plywood, oriented strand board, siding, railing, millwork and specialty construction materials. Through its nationwide network of distribution centers, BlueLinx provides inventory management, delivery and supply-chain solutions designed to help customers streamline operations and reduce carrying costs.

Founded in 2004 as a spin-off from Georgia-Pacific’s distribution business, BlueLinx has developed a broad product line that spans both residential and commercial construction markets.