Wellington Management Group LLP Raises Stock Position in BlueLinx Holdings Inc. (NYSE:BXC)

Wellington Management Group LLP grew its holdings in BlueLinx Holdings Inc. (NYSE:BXC) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 140,142 shares of the construction company’s stock after acquiring an additional 5,842 shares during the period. Wellington Management Group LLP owned about 1.62% of BlueLinx worth $15,879,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in BXC. Virtu Financial LLC purchased a new position in BlueLinx in the 4th quarter worth approximately $217,000. Chicago Partners Investment Group LLC bought a new position in shares of BlueLinx during the fourth quarter worth $224,000. Bridgeway Capital Management LLC grew its stake in BlueLinx by 2.3% during the fourth quarter. Bridgeway Capital Management LLC now owns 142,712 shares of the construction company’s stock valued at $16,171,000 after acquiring an additional 3,264 shares in the last quarter. Mill Road Capital Management LLC increased its holdings in BlueLinx by 4.9% in the 4th quarter. Mill Road Capital Management LLC now owns 124,274 shares of the construction company’s stock valued at $14,081,000 after acquiring an additional 5,800 shares during the last quarter. Finally, Winmill & CO. Inc. lifted its stake in BlueLinx by 1.2% in the 4th quarter. Winmill & CO. Inc. now owns 71,812 shares of the construction company’s stock worth $8,137,000 after purchasing an additional 882 shares in the last quarter. Institutional investors own 90.83% of the company’s stock.

BlueLinx Stock Down 0.4 %

Shares of NYSE BXC opened at $91.25 on Thursday. The company has a current ratio of 4.71, a quick ratio of 3.22 and a debt-to-equity ratio of 0.88. BlueLinx Holdings Inc. has a 12-month low of $67.76 and a 12-month high of $132.67. The firm’s 50-day moving average price is $102.58 and its 200-day moving average price is $111.91. The stock has a market capitalization of $790.23 million, a price-to-earnings ratio of 17.12 and a beta of 1.86.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BXC shares. Craig Hallum reduced their target price on BlueLinx from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Benchmark reaffirmed a “buy” rating and set a $135.00 price objective on shares of BlueLinx in a report on Wednesday, May 29th.

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.