DekaBank Deutsche Girozentrale acquires new stakes in BlueLinx Holdings Inc. (NYSE:BXC)


DekaBank Deutsche Girozentrale has acquired a new equity stake in BlueLinx Holdings Inc. (NYSE: BXCGet a rating) in Q1, according to its most recent Form 13F filed with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,937 shares of the construction company, valued at approximately $1,099,000.

Several other institutional investors and hedge funds also bought and sold shares of BXC. The New York State Teachers’ Retirement System bought a new position in BlueLinx during the fourth quarter at a value of $77,000. Brown Advisory Inc. bought a new position in BlueLinx during the fourth quarter worth $206,000. Janney Montgomery Scott LLC bought a new position in BlueLinx during the fourth quarter worth $261,000. Allspring Global Investments Holdings LLC bought a new position in BlueLinx during the fourth quarter worth $2,356,000. Finally, Commonwealth Equity Services LLC increased its stake in BlueLinx by 37.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 9,383 shares of the construction company valued at $898,000 after purchasing an additional 2,540 shares during the period. 81.13% of the shares are held by institutional investors.

Wall Street analysts predict growth

Several brokerages have weighed in on BXC. TheStreet upgraded BlueLinx from a “c” rating to a “b-” rating in a Wednesday, May 4 report. StockNews.com downgraded BlueLinx from a “buy” rating to a “hold” rating in a Thursday, July 14 report. One analyst rated the stock with a hold rating and four gave the company a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $104.25.

BlueLinx Price Performance

NYSE: BXC opened at $75.63 on Friday. The company has a market capitalization of $730.59 million, a price-earnings ratio of 2.05 and a beta of 1.85. BlueLinx Holdings Inc. has a 52 week low of $38.79 and a 52 week high of $100.01. The stock has a fifty-day moving average of $75.08 and a 200-day moving average of $77.62. The company has a debt ratio of 1.13, a quick ratio of 1.80 and a current ratio of 3.47.

BlueLinx (NYSE: BXCGet a rating) last released its quarterly earnings data on Tuesday, May 3. The construction company reported earnings per share (EPS) of $13.19 for the quarter. The company had revenue of $1.30 billion in the quarter. BlueLinx had a return on equity of 107.29% and a net margin of 8.07%.

About BlueLinx

(Get a rating)

BlueLinx Holdings Inc, together with its subsidiaries, distributes residential and commercial building products in the United States. The company distributes specialty products including engineered wood, industrial products, cedar, moldings, siding, metal and insulation products; and structural products include lumber, plywood, oriented strand board, rebar and mesh, spruce and other wood products primarily used as structural support in construction projects.

See also

Want to see what other hedge funds own BXC? Visit HoldingsChannel.com for the latest 13F documents and insider trading for BlueLinx Holdings Inc. (NYSE: BXCGet a rating).

Institutional ownership by quarter for BlueLinx (NYSE:BXC)



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