2,386 Shares in BlueLinx Holdings Inc. (NYSE:BXC) Purchased by BTC Capital Management Inc.

BTC Capital Management Inc. bought a new stake in BlueLinx Holdings Inc. (NYSE:BXC) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,386 shares of the construction company’s stock, valued at approximately $311,000.

Other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in BlueLinx by 3.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 554,458 shares of the construction company’s stock valued at $62,828,000 after purchasing an additional 17,891 shares during the period. Wellington Management Group LLP bought a new position in shares of BlueLinx during the third quarter worth about $11,025,000. Charles Schwab Investment Management Inc. grew its position in shares of BlueLinx by 12.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 68,633 shares of the construction company’s stock worth $5,634,000 after acquiring an additional 7,860 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of BlueLinx by 12.8% in the 3rd quarter. American Century Companies Inc. now owns 167,873 shares of the construction company’s stock worth $13,781,000 after acquiring an additional 19,108 shares during the period. Finally, Lazard Asset Management LLC lifted its position in BlueLinx by 8.0% in the 3rd quarter. Lazard Asset Management LLC now owns 18,196 shares of the construction company’s stock valued at $1,493,000 after purchasing an additional 1,344 shares during the last quarter. 90.83% of the stock is owned by institutional investors.

BlueLinx Stock Performance

BXC stock opened at $96.19 on Friday. The company has a 50-day simple moving average of $103.44 and a 200 day simple moving average of $111.78. The company has a market capitalization of $833.01 million, a P/E ratio of 18.05 and a beta of 1.86. The company has a quick ratio of 3.22, a current ratio of 4.71 and a debt-to-equity ratio of 0.88. BlueLinx Holdings Inc. has a fifty-two week low of $67.76 and a fifty-two week high of $132.67.

BlueLinx (NYSE:BXC) last issued its quarterly earnings results on Tuesday, April 30th. The construction company reported $1.93 earnings per share for the quarter. The company had revenue of $726.24 million during the quarter. BlueLinx had a net margin of 1.57% and a return on equity of 14.11%.

Wall Street Analyst Weigh In

Several research firms have commented on BXC. Benchmark restated a “buy” rating and issued a $135.00 target price on shares of BlueLinx in a research report on Wednesday, May 29th. Craig Hallum decreased their price objective on BlueLinx from $130.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, May 2nd.

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.