Teacher Retirement System of Texas Boosts Stock Holdings in BlueLinx Holdings Inc. (NYSE:BXC)

Teacher Retirement System of Texas increased its position in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 98.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,922 shares of the construction company’s stock after buying an additional 10,854 shares during the period. Teacher Retirement System of Texas owned 0.26% of BlueLinx worth $2,240,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its stake in shares of BlueLinx by 59.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 377 shares of the construction company’s stock worth $40,000 after acquiring an additional 140 shares in the last quarter. FMR LLC boosted its position in BlueLinx by 10.5% during the third quarter. FMR LLC now owns 1,545 shares of the construction company’s stock worth $163,000 after purchasing an additional 147 shares in the last quarter. SkyView Investment Advisors LLC grew its holdings in BlueLinx by 2.1% in the third quarter. SkyView Investment Advisors LLC now owns 9,101 shares of the construction company’s stock valued at $959,000 after purchasing an additional 190 shares during the period. Hunter Perkins Capital Management LLC increased its position in shares of BlueLinx by 4.0% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 5,225 shares of the construction company’s stock valued at $534,000 after buying an additional 200 shares in the last quarter. Finally, AlphaQuest LLC raised its stake in shares of BlueLinx by 28.4% during the 4th quarter. AlphaQuest LLC now owns 1,455 shares of the construction company’s stock worth $149,000 after buying an additional 322 shares during the period. Institutional investors and hedge funds own 90.83% of the company’s stock.

BlueLinx Stock Performance

NYSE:BXC opened at $80.07 on Thursday. The company has a market cap of $664.17 million, a P/E ratio of 13.04 and a beta of 2.18. BlueLinx Holdings Inc. has a twelve month low of $73.01 and a twelve month high of $134.79. The company’s 50-day moving average price is $92.85 and its 200-day moving average price is $104.64. The company has a current ratio of 4.85, a quick ratio of 3.26 and a debt-to-equity ratio of 0.89.

BlueLinx (NYSE:BXC) last released its earnings results on Tuesday, February 18th. The construction company reported $0.51 earnings per share 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 business had revenue of $710.64 million during the quarter, compared to analysts’ expectations of $700.66 million.

Analyst Ratings Changes

BXC has been the subject of several recent analyst reports. DA Davidson cut their price target on shares of BlueLinx from $137.00 to $119.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Loop Capital reduced their price target on shares of BlueLinx from $135.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Benchmark lowered their price objective on BlueLinx from $135.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, StockNews.com cut BlueLinx from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.50.

About BlueLinx

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.