5,227 Shares in BlueLinx Holdings Inc. (NYSE:BXC) Bought by CWA Asset Management Group LLC

CWA Asset Management Group LLC purchased a new position in BlueLinx Holdings Inc. (NYSE:BXC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,227 shares of the construction company’s stock, valued at approximately $551,000. CWA Asset Management Group LLC owned approximately 0.06% of BlueLinx as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in BXC. Allspring Global Investments Holdings LLC increased its holdings in shares of BlueLinx by 305.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 564 shares of the construction company’s stock valued at $73,000 after buying an additional 425 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of BlueLinx during the 1st quarter worth $1,076,000. Lord Abbett & CO. LLC bought a new position in shares of BlueLinx in the first quarter worth about $4,195,000. Vanguard Group Inc. boosted its stake in BlueLinx by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 501,333 shares of the construction company’s stock valued at $65,294,000 after purchasing an additional 5,277 shares during the period. Finally, Hillsdale Investment Management Inc. increased its position in BlueLinx by 8.4% in the 1st quarter. Hillsdale Investment Management Inc. now owns 30,900 shares of the construction company’s stock worth $4,024,000 after buying an additional 2,400 shares during the period. 90.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on BXC shares. StockNews.com raised shares of BlueLinx from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Craig Hallum increased their target price on shares of BlueLinx from $125.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, DA Davidson upped their price target on BlueLinx from $121.00 to $137.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, BlueLinx currently has a consensus rating of “Buy” and a consensus price target of $135.67.

BlueLinx Stock Up 2.4 %

Shares of BXC opened at $125.19 on Tuesday. BlueLinx Holdings Inc. has a 12 month low of $79.25 and a 12 month high of $132.67. The company has a quick ratio of 3.26, a current ratio of 4.58 and a debt-to-equity ratio of 0.88. The company has a 50-day moving average price of $105.68 and a two-hundred day moving average price of $103.03. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 36.19 and a beta of 1.94.

BlueLinx 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.