BlueLinx Holdings Inc. (NYSE:BXC) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. grew its stake in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 12.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 268,059 shares of the construction company’s stock after acquiring an additional 29,582 shares during the period. American Century Companies Inc.’s holdings in BlueLinx were worth $24,954,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. nVerses Capital LLC raised its position in shares of BlueLinx by 200.0% during the second quarter. nVerses Capital LLC now owns 300 shares of the construction company’s stock worth $28,000 after purchasing an additional 200 shares during the period. Innealta Capital LLC purchased a new position in BlueLinx in the 2nd quarter worth about $39,000. Allspring Global Investments Holdings LLC raised its holdings in BlueLinx by 305.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 564 shares of the construction company’s stock worth $73,000 after buying an additional 425 shares during the period. Capstone Investment Advisors LLC purchased a new stake in BlueLinx during the first quarter valued at about $218,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of BlueLinx in the fourth quarter worth about $205,000. 90.83% of the stock is owned by institutional investors.

BlueLinx Stock Up 0.5 %

BlueLinx stock opened at $106.10 on Thursday. BlueLinx Holdings Inc. has a twelve month low of $67.76 and a twelve month high of $132.67. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.37 and a current ratio of 4.88. The firm has a market cap of $919.04 million, a PE ratio of 19.91 and a beta of 1.95. The firm’s 50 day moving average price is $103.16 and its two-hundred day moving average price is $106.47.

BlueLinx (NYSE:BXC) last posted 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%.

Analyst Ratings Changes

A number of research firms have recently issued reports on BXC. 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. Benchmark reissued a “buy” rating and set a $135.00 target price on shares of BlueLinx in a research note on Wednesday, May 29th. StockNews.com raised BlueLinx from a “hold” rating to a “buy” rating in a research report on Tuesday, August 27th. Finally, DA Davidson upped their price target on BlueLinx from $121.00 to $137.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Four analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $135.67.

BlueLinx Company 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.