Dimensional Fund Advisors LP Boosts Stake in BlueLinx Holdings Inc. (NYSE:BXC)

Dimensional Fund Advisors LP raised its holdings in BlueLinx Holdings Inc. (NYSE:BXC) by 2.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 584,752 shares of the construction company’s stock after purchasing an additional 16,753 shares during the quarter. Dimensional Fund Advisors LP owned 0.07% of BlueLinx worth $54,433,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. nVerses Capital LLC raised its position in BlueLinx by 200.0% in the second quarter. nVerses Capital LLC now owns 300 shares of the construction company’s stock valued at $28,000 after purchasing an additional 200 shares during the period. Innealta Capital LLC purchased a new stake in BlueLinx in the second quarter valued at $39,000. Allspring Global Investments Holdings LLC raised its position in BlueLinx by 305.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 564 shares of the construction company’s stock valued at $73,000 after purchasing an additional 425 shares during the period. Meeder Asset Management Inc. purchased a new stake in BlueLinx in the second quarter valued at $70,000. Finally, Capstone Investment Advisors LLC purchased a new stake in BlueLinx in the first quarter valued at $218,000. Hedge funds and other institutional investors own 90.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BXC. Craig Hallum boosted their price objective on BlueLinx from $125.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 1st. StockNews.com upgraded BlueLinx from a “hold” rating to a “buy” rating in a report on Tuesday, August 27th. Finally, DA Davidson boosted their price objective on BlueLinx from $121.00 to $137.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $135.67.

BlueLinx Price Performance

BXC stock opened at $104.56 on Friday. The company has a current ratio of 4.88, a quick ratio of 3.37 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $905.70 million, a PE ratio of 19.59 and a beta of 1.95. BlueLinx Holdings Inc. has a 12-month low of $67.76 and a 12-month high of $132.67. The business’s fifty day moving average price is $102.99 and its 200 day moving average price is $105.90.

BlueLinx (NYSE:BXC) last released its earnings results on Tuesday, July 30th. The construction company reported $1.53 EPS for the quarter. BlueLinx had a return on equity of 12.14% and a net margin of 1.26%. The firm had revenue of $768.36 million during the quarter.

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.