Great Lakes Advisors LLC Reduces Position in BlueLinx Holdings Inc. (NYSE:BXC)

Great Lakes Advisors LLC trimmed its holdings in BlueLinx Holdings Inc. (NYSE:BXC) by 5.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,794 shares of the construction company’s stock after selling 2,105 shares during the quarter. Great Lakes Advisors LLC’s holdings in BlueLinx were worth $3,518,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BXC. Dimensional Fund Advisors LP grew its holdings in shares of BlueLinx by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 554,458 shares of the construction company’s stock worth $62,828,000 after purchasing an additional 17,891 shares during the last quarter. Vanguard Group Inc. increased its position in shares of BlueLinx by 1.1% during the first quarter. Vanguard Group Inc. now owns 501,333 shares of the construction company’s stock worth $65,294,000 after acquiring an additional 5,277 shares during the period. Bridgeway Capital Management LLC raised its stake in shares of BlueLinx by 2.1% during the first quarter. Bridgeway Capital Management LLC now owns 145,687 shares of the construction company’s stock valued at $18,974,000 after acquiring an additional 2,975 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of BlueLinx by 4.3% in the fourth quarter. Wellington Management Group LLP now owns 140,142 shares of the construction company’s stock valued at $15,879,000 after purchasing an additional 5,842 shares during the period. Finally, Mill Road Capital Management LLC grew its stake in BlueLinx by 4.9% in the fourth quarter. Mill Road Capital Management LLC now owns 124,274 shares of the construction company’s stock worth $14,081,000 after purchasing an additional 5,800 shares in the last quarter. 90.83% of the stock is owned by institutional investors.

BlueLinx Trading Down 2.1 %

Shares of NYSE BXC opened at $91.16 on Tuesday. The business has a fifty day moving average price of $101.75 and a 200 day moving average price of $107.52. BlueLinx Holdings Inc. has a 1-year low of $67.76 and a 1-year high of $132.67. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.88 and a quick ratio of 3.37. The stock has a market capitalization of $789.63 million, a P/E ratio of 17.10 and a beta of 1.95.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. StockNews.com raised BlueLinx from a “hold” rating to a “buy” rating in a research report on Tuesday, August 27th. Benchmark restated a “buy” rating and issued a $135.00 price objective on shares of BlueLinx in a report on Wednesday, May 29th. DA Davidson increased their target price on shares of BlueLinx from $121.00 to $137.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Craig Hallum boosted their price target on shares of BlueLinx from $125.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of $135.67.

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.