BlueLinx Holdings Inc. (NYSE:BXC) Stake Lifted by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its position in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 102.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,988 shares of the construction company’s stock after purchasing an additional 2,524 shares during the period. Russell Investments Group Ltd. owned 0.06% of BlueLinx worth $565,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BXC. Gendell Jeffrey L raised its stake in shares of BlueLinx by 1.4% in the 3rd quarter. Gendell Jeffrey L now owns 488,717 shares of the construction company’s stock worth $40,119,000 after buying an additional 6,937 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of BlueLinx by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 487,902 shares of the construction company’s stock valued at $40,052,000 after purchasing an additional 4,256 shares in the last quarter. American Century Companies Inc. boosted its position in shares of BlueLinx by 12.8% during the 3rd quarter. American Century Companies Inc. now owns 167,873 shares of the construction company’s stock valued at $13,781,000 after purchasing an additional 19,108 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of BlueLinx by 17.3% in the 3rd quarter. AQR Capital Management LLC now owns 143,920 shares of the construction company’s stock worth $11,814,000 after purchasing an additional 21,262 shares during the last quarter. Finally, Wellington Management Group LLP bought a new stake in shares of BlueLinx in the 3rd quarter worth approximately $11,025,000. 90.83% of the stock is currently owned by institutional investors and hedge funds.

BlueLinx Stock Up 0.9 %

BXC stock opened at $101.65 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.71 and a quick ratio of 3.22. The firm has a market capitalization of $880.49 million, a P/E ratio of 19.07 and a beta of 1.96. BlueLinx Holdings Inc. has a 52-week low of $67.76 and a 52-week high of $132.67. The company’s 50 day simple moving average is $115.39 and its 200-day simple moving average is $109.54.

BlueLinx (NYSE:BXC) last announced its earnings results on Tuesday, April 30th. The construction company reported $1.93 earnings per share (EPS) for the quarter. The company had revenue of $726.24 million for the quarter. BlueLinx had a net margin of 1.57% and a return on equity of 14.11%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Craig Hallum reduced their target price on shares of BlueLinx from $130.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. TheStreet cut BlueLinx from a “b” rating to a “c” rating in a report on Thursday, February 22nd. Finally, Benchmark reduced their target price on BlueLinx from $144.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, May 2nd.

Insider Activity

In related news, Director Mitchell B. Lewis sold 5,352 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $116.33, for a total transaction of $622,598.16. Following the completion of the sale, the director now directly owns 33,476 shares in the company, valued at $3,894,263.08. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other BlueLinx news, Director Mitchell B. Lewis sold 2,904 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $117.15, for a total value of $340,203.60. Following the transaction, the director now directly owns 2,790 shares of the company’s stock, valued at approximately $326,848.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Mitchell B. Lewis sold 5,352 shares of BlueLinx stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $116.33, for a total value of $622,598.16. Following the sale, the director now owns 33,476 shares of the company’s stock, valued at $3,894,263.08. The disclosure for this sale can be found here. Insiders have sold 8,570 shares of company stock worth $1,000,196 in the last 90 days. Company insiders own 3.38% of the company’s stock.

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.