CWA Asset Management Group LLC Has $666,000 Position in BlueLinx Holdings Inc. (NYSE:BXC)

CWA Asset Management Group LLC grew its position in BlueLinx Holdings Inc. (NYSE:BXC) by 24.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,518 shares of the construction company’s stock after purchasing an additional 1,291 shares during the period. CWA Asset Management Group LLC owned about 0.08% of BlueLinx worth $666,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Victory Capital Management Inc. raised its position in BlueLinx by 600.3% in the 3rd quarter. Victory Capital Management Inc. now owns 218,685 shares of the construction company’s stock valued at $23,054,000 after purchasing an additional 187,456 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of BlueLinx by 151.6% in the third quarter. Harbor Capital Advisors Inc. now owns 137,193 shares of the construction company’s stock valued at $14,463,000 after buying an additional 82,657 shares during the last quarter. Meros Investment Management LP bought a new position in shares of BlueLinx in the second quarter valued at about $3,663,000. Charles Schwab Investment Management Inc. lifted its position in BlueLinx by 28.4% during 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 in the last quarter. Finally, American Century Companies Inc. grew its holdings in BlueLinx by 12.4% during the 2nd quarter. American Century Companies Inc. now owns 268,059 shares of the construction company’s stock worth $24,954,000 after acquiring an additional 29,582 shares during the last quarter. Institutional investors own 90.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of BlueLinx from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $135.67.

BlueLinx Price Performance

BlueLinx stock opened at $97.83 on Thursday. The business’s 50-day simple moving average is $116.44 and its 200 day simple moving average is $107.41. 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 stock has a market cap of $819.91 million, a price-to-earnings ratio of 28.44 and a beta of 2.06. BlueLinx Holdings Inc. has a 12-month low of $87.67 and a 12-month high of $134.79.

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.