American Century Companies Inc. Purchases 24,087 Shares of BlueLinx Holdings Inc. (NYSE:BXC)

American Century Companies Inc. boosted its position in BlueLinx Holdings Inc. (NYSE:BXC) by 8.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 311,567 shares of the construction company’s stock after purchasing an additional 24,087 shares during the period. American Century Companies Inc. owned about 3.72% of BlueLinx worth $31,830,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. River Road Asset Management LLC bought a new position in BlueLinx in the 4th quarter valued at $7,541,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of BlueLinx by 28.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 167,178 shares of the construction company’s stock worth $17,624,000 after buying an additional 36,968 shares during the last quarter. Raymond James Financial Inc. bought a new position in BlueLinx during the fourth quarter valued at about $3,451,000. Meros Investment Management LP increased its holdings in BlueLinx by 54.5% during the third quarter. Meros Investment Management LP now owns 60,799 shares of the construction company’s stock worth $6,409,000 after buying an additional 21,455 shares during the last quarter. Finally, Mill Road Capital Management LLC raised its position in BlueLinx by 10.1% in the third quarter. Mill Road Capital Management LLC now owns 142,297 shares of the construction company’s stock worth $15,001,000 after acquiring an additional 13,023 shares during the period. Hedge funds and other institutional investors own 90.83% of the company’s stock.

Wall Street Analyst Weigh In

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

BlueLinx Trading Down 4.7 %

Shares of BXC stock opened at $76.69 on Friday. BlueLinx Holdings Inc. has a 1 year low of $73.01 and a 1 year high of $134.79. The company’s fifty day simple moving average is $91.72 and its two-hundred day simple moving average is $104.37. 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 stock has a market capitalization of $636.14 million, a price-to-earnings ratio of 12.49 and a beta of 2.18.

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

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.