DekaBank Deutsche Girozentrale lessened its holdings in shares of BlueLinx Holdings Inc. (NYSE:BXC – Get Rating) by 66.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,300 shares of the construction company's stock after selling 6,421 shares during the period. DekaBank Deutsche Girozentrale's holdings in BlueLinx were worth $199,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in BXC. JPMorgan Chase & Co. grew its position in shares of BlueLinx by 2,076.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 160,588 shares of the construction company's stock worth $10,729,000 after purchasing an additional 153,208 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of BlueLinx during the 2nd quarter worth approximately $4,741,000. Voss Capital LLC grew its position in shares of BlueLinx by 14.7% during the 3rd quarter. Voss Capital LLC now owns 528,500 shares of the construction company's stock worth $32,820,000 after purchasing an additional 67,600 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of BlueLinx by 75.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 123,637 shares of the construction company's stock worth $8,888,000 after purchasing an additional 53,217 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of BlueLinx by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 540,929 shares of the construction company's stock worth $38,883,000 after purchasing an additional 38,787 shares in the last quarter. Institutional investors and hedge funds own 84.90% of the company's stock.
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Separately, StockNews.com raised shares of BlueLinx from a "hold" rating to a "buy" rating in a report on Wednesday, November 30th.
BlueLinx Stock Performance
Shares of BlueLinx stock opened at $84.27 on Friday. The company has a 50 day moving average of $72.69 and a 200-day moving average of $71.29. BlueLinx Holdings Inc. has a 1-year low of $57.49 and a 1-year high of $100.01. The company has a current ratio of 4.24, a quick ratio of 2.28 and a debt-to-equity ratio of 1.00. The company has a market cap of $761.80 million, a PE ratio of 2.45 and a beta of 1.79.
BlueLinx (NYSE:BXC – Get Rating) last issued its quarterly earnings results on Tuesday, November 1st. The construction company reported $6.38 earnings per share for the quarter, topping analysts' consensus estimates of $5.40 by $0.98. BlueLinx had a net margin of 7.38% and a return on equity of 70.64%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.07 billion. As a group, equities research analysts forecast that BlueLinx Holdings Inc. will post 30.17 earnings per share for the current fiscal year.
About BlueLinx
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BlueLinx Holdings Inc, together with its subsidiaries, distributes residential and commercial building products in the United States. The company distributes specialty products comprising engineered wood, industrial products, cedar, moulding, siding, metal, and insulation products; and structural products include lumber, plywood, oriented strand boards, rebars and remesh, spruce, and other wood products primarily that are used for structural support in construction projects.
Further Reading
- Get a free copy of the StockNews.com research report on BlueLinx (BXC)
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