De Lisle Partners LLP Purchases 6,000 Shares of BlueLinx Holdings Inc. (NYSE:BXC)

De Lisle Partners LLP lifted its stake in BlueLinx Holdings Inc. (NYSE:BXC) by 14.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,373 shares of the construction company’s stock after purchasing an additional 6,000 shares during the quarter. De Lisle Partners LLP owned about 0.58% of BlueLinx worth $5,095,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in BXC. Vanguard Group Inc. boosted its stake in BlueLinx by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 501,333 shares of the construction company’s stock worth $65,294,000 after purchasing an additional 5,277 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of BlueLinx by 4.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,722 shares of the construction company’s stock worth $876,000 after buying an additional 293 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of BlueLinx by 273.4% in the second quarter. Harbor Capital Advisors Inc. now owns 54,536 shares of the construction company’s stock worth $5,077,000 after acquiring an additional 39,930 shares during the period. Hunter Perkins Capital Management LLC increased its position in BlueLinx by 23.9% during the second quarter. Hunter Perkins Capital Management LLC now owns 7,650 shares of the construction company’s stock valued at $712,000 after acquiring an additional 1,475 shares during the last quarter. Finally, Summit Global Investments increased its position in BlueLinx by 8.9% during the second quarter. Summit Global Investments now owns 9,256 shares of the construction company’s stock valued at $862,000 after acquiring an additional 754 shares during the last quarter. 90.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on BXC shares. DA Davidson increased their price objective on shares of BlueLinx from $121.00 to $137.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Craig Hallum lifted their target price on BlueLinx from $125.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, StockNews.com raised BlueLinx from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $135.67.

BlueLinx Trading Down 0.6 %

BlueLinx stock opened at $125.13 on Thursday. BlueLinx Holdings Inc. has a 1 year low of $85.98 and a 1 year high of $134.79. The firm’s 50 day moving average price is $112.45 and its 200-day moving average price is $104.75. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.58 and a quick ratio of 3.26. The stock has a market cap of $1.05 billion, a P/E ratio of 36.38 and a beta of 1.94.

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.