Steward Partners Investment Advisory LLC Has $351,000 Holdings in BlueLinx Holdings Inc. (NYSE:BXC)

Steward Partners Investment Advisory LLC raised its position in BlueLinx Holdings Inc. (NYSE:BXC) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,433 shares of the construction company’s stock after purchasing an additional 344 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in BlueLinx were worth $351,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. raised its position in shares of BlueLinx by 600.3% during the third quarter. Victory Capital Management Inc. now owns 218,685 shares of the construction company’s stock worth $23,054,000 after acquiring an additional 187,456 shares during the last quarter. MQS Management LLC purchased a new position in shares of BlueLinx during the third quarter valued at approximately $355,000. Empowered Funds LLC boosted its position in shares of BlueLinx by 2.9% during the third quarter. Empowered Funds LLC now owns 67,410 shares of the construction company’s stock valued at $7,106,000 after buying an additional 1,891 shares during the last quarter. Quest Partners LLC lifted its holdings in BlueLinx by 43.2% during the third quarter. Quest Partners LLC now owns 1,133 shares of the construction company’s stock worth $119,000 after acquiring an additional 342 shares during the period. Finally, Meeder Asset Management Inc. lifted its holdings in BlueLinx by 50.1% during the third quarter. Meeder Asset Management Inc. now owns 1,135 shares of the construction company’s stock worth $120,000 after acquiring an additional 379 shares during the period. 90.83% of the stock is currently owned by institutional investors.

BlueLinx Price Performance

Shares of BlueLinx stock opened at $78.30 on Friday. BlueLinx Holdings Inc. has a one year low of $73.01 and a one year high of $134.79. The stock’s fifty day moving average is $96.34 and its 200 day moving average is $105.66. The stock has a market cap of $649.47 million, a P/E ratio of 12.75 and a beta of 2.18. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.26 and a current ratio of 4.85.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on BXC. DA Davidson lowered their target price on BlueLinx from $137.00 to $119.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Loop Capital decreased their target price on BlueLinx from $135.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Benchmark cut their price target on BlueLinx from $135.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, StockNews.com downgraded BlueLinx from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.50.

About BlueLinx

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.