BlueLinx Holdings Inc. (NYSE:BXC) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 5.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,144 shares of the construction company’s stock after buying an additional 4,363 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.10% of BlueLinx worth $9,714,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in BlueLinx by 2.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 584,752 shares of the construction company’s stock worth $54,433,000 after acquiring an additional 16,753 shares in the last quarter. American Century Companies Inc. increased its stake in shares of BlueLinx by 12.4% during the second quarter. American Century Companies Inc. now owns 268,059 shares of the construction company’s stock worth $24,954,000 after purchasing an additional 29,582 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of BlueLinx by 600.3% during the 3rd quarter. Victory Capital Management Inc. now owns 218,685 shares of the construction company’s stock worth $23,054,000 after purchasing an additional 187,456 shares during the last quarter. State Street Corp lifted its stake in BlueLinx by 0.6% in the 3rd quarter. State Street Corp now owns 198,003 shares of the construction company’s stock valued at $20,873,000 after buying an additional 1,252 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in BlueLinx by 28.4% in 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 during the last quarter. Hedge funds and other institutional investors own 90.83% of the company’s stock.

Wall Street Analysts Forecast Growth

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

BlueLinx Stock Performance

BXC opened at $102.33 on Tuesday. The firm has a market capitalization of $857.63 million, a PE ratio of 29.75 and a beta of 2.06. The company has a current ratio of 4.58, a quick ratio of 3.26 and a debt-to-equity ratio of 0.88. BlueLinx Holdings Inc. has a twelve month low of $87.67 and a twelve month high of $134.79. The firm’s 50-day moving average price is $115.77 and its 200 day moving average price is $107.65.

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.