River Road Asset Management LLC Has $14.77 Million Stake in BlueLinx Holdings Inc. $BXC

River Road Asset Management LLC increased its position in BlueLinx Holdings Inc. (NYSE:BXC) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 240,500 shares of the construction company’s stock after purchasing an additional 21,640 shares during the period. River Road Asset Management LLC owned approximately 3.06% of BlueLinx worth $14,774,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Summit Securities Group LLC bought a new stake in BlueLinx during the 4th quarter valued at $31,000. Rock Creek Group LP bought a new position in shares of BlueLinx in the third quarter valued at $37,000. Tower Research Capital LLC TRC lifted its stake in shares of BlueLinx by 114.1% in the second quarter. Tower Research Capital LLC TRC now owns 792 shares of the construction company’s stock valued at $59,000 after buying an additional 422 shares in the last quarter. State of Wyoming grew its holdings in shares of BlueLinx by 19.5% during the fourth quarter. State of Wyoming now owns 1,456 shares of the construction company’s stock valued at $89,000 after buying an additional 238 shares during the last quarter. Finally, Comerica Bank grew its holdings in shares of BlueLinx by 5,468.2% during the third quarter. Comerica Bank now owns 1,225 shares of the construction company’s stock valued at $90,000 after buying an additional 1,203 shares during the last quarter. Institutional investors and hedge funds own 90.83% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on BXC. Benchmark lowered their target price on shares of BlueLinx from $83.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Weiss Ratings reissued a “sell (d)” rating on shares of BlueLinx in a report on Wednesday, May 20th. Finally, Wall Street Zen raised BlueLinx from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $71.50.

BlueLinx Stock Down 0.6%

BXC opened at $57.24 on Friday. BlueLinx Holdings Inc. has a twelve month low of $44.78 and a twelve month high of $88.30. The company’s 50-day moving average price is $53.39 and its two-hundred day moving average price is $60.39. The stock has a market cap of $445.32 million, a price-to-earnings ratio of -110.07 and a beta of 1.45. The company has a quick ratio of 2.51, a current ratio of 3.90 and a debt-to-equity ratio of 0.96.

BlueLinx (NYSE:BXC) last issued its quarterly earnings results on Tuesday, May 5th. The construction company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.93. The company had revenue of $731.15 million during the quarter, compared to analyst estimates of $714.84 million. BlueLinx had a negative net margin of 0.14% and a negative return on equity of 0.30%.

BlueLinx Company Profile

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.