BlueLinx Holdings Inc. (NYSE:BXC) Shares Acquired by Fmr LLC

Fmr LLC boosted its stake in BlueLinx Holdings Inc. (NYSE:BXC) by 10.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,545 shares of the construction company’s stock after purchasing an additional 147 shares during the period. Fmr LLC’s holdings in BlueLinx were worth $163,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. The Manufacturers Life Insurance Company increased its stake in BlueLinx by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,380 shares of the construction company’s stock worth $408,000 after buying an additional 129 shares during the period. nVerses Capital LLC increased its holdings in shares of BlueLinx by 200.0% in the 2nd quarter. nVerses Capital LLC now owns 300 shares of the construction company’s stock valued at $28,000 after acquiring an additional 200 shares during the last quarter. Koss Olinger Consulting LLC raised its holdings in shares of BlueLinx by 5.5% during the third quarter. Koss Olinger Consulting LLC now owns 4,967 shares of the construction company’s stock worth $524,000 after purchasing an additional 260 shares during the period. Quest Partners LLC raised its stake in BlueLinx by 43.2% during the third quarter. Quest Partners LLC now owns 1,133 shares of the construction company’s stock worth $119,000 after acquiring an additional 342 shares during the period. Finally, Meeder Asset Management Inc. lifted its holdings in shares of BlueLinx by 50.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,135 shares of the construction company’s stock worth $120,000 after purchasing an additional 379 shares during the last quarter. Institutional investors and hedge funds 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 investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $135.67.

BlueLinx Price Performance

Shares of BlueLinx stock opened at $106.77 on Friday. The company has a current ratio of 4.58, a quick ratio of 3.26 and a debt-to-equity ratio of 0.88. The stock has a market cap of $894.84 million, a PE ratio of 31.04 and a beta of 2.05. BlueLinx Holdings Inc. has a 52 week low of $87.67 and a 52 week high of $134.79. The company’s 50-day moving average price is $117.52 and its two-hundred day moving average price is $107.00.

BlueLinx Company 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.