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

De Lisle Partners LLP increased its stake in BlueLinx Holdings Inc. (NYSE:BXC) by 14.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,373 shares of the construction company’s stock after buying an additional 6,000 shares during the period. De Lisle Partners LLP’s holdings in BlueLinx were worth $5,095,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BXC. 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. Price T Rowe Associates Inc. MD increased its holdings in BlueLinx by 4.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,722 shares of the construction company’s stock worth $876,000 after purchasing an additional 293 shares during the period. Harbor Capital Advisors Inc. raised its position in BlueLinx by 273.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 54,536 shares of the construction company’s stock valued at $5,077,000 after purchasing an additional 39,930 shares in the last quarter. Hunter Perkins Capital Management LLC grew its position in shares of BlueLinx by 23.9% during the 2nd quarter. Hunter Perkins Capital Management LLC now owns 7,650 shares of the construction company’s stock worth $712,000 after buying an additional 1,475 shares in the last quarter. Finally, Summit Global Investments increased its stake in shares of 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 buying an additional 754 shares during the period. Institutional investors own 90.83% of the company’s stock.

BlueLinx Price Performance

Shares of BXC opened at $125.13 on Thursday. BlueLinx Holdings Inc. has a fifty-two week low of $85.98 and a fifty-two week high of $134.79. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.26 and a current ratio of 4.58. The company has a market capitalization of $1.05 billion, a P/E ratio of 36.38 and a beta of 1.94. The business’s 50-day moving average is $112.45 and its two-hundred day moving average is $104.75.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BXC. Craig Hallum boosted their price objective on shares of BlueLinx from $125.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. StockNews.com upgraded shares of BlueLinx from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Finally, DA Davidson increased 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 equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus 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.