Renaissance Technologies LLC Acquires 6,800 Shares of BlueLinx Holdings Inc. (NYSE:BXC)

Renaissance Technologies LLC boosted its holdings in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 10.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 75,100 shares of the construction company’s stock after purchasing an additional 6,800 shares during the quarter. Renaissance Technologies LLC owned about 0.87% of BlueLinx worth $6,991,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. grew its position in shares of BlueLinx by 273.4% during the second 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. Lord Abbett & CO. LLC purchased a new stake in shares of BlueLinx in the 1st quarter worth $4,195,000. American Century Companies Inc. grew its holdings in BlueLinx by 12.4% during the 2nd quarter. American Century Companies Inc. now owns 268,059 shares of the construction company’s stock worth $24,954,000 after acquiring an additional 29,582 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of BlueLinx by 70.9% during the first quarter. Empowered Funds LLC now owns 62,627 shares of the construction company’s stock valued at $8,157,000 after purchasing an additional 25,972 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in BlueLinx by 2.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 584,752 shares of the construction company’s stock valued at $54,433,000 after acquiring an additional 16,753 shares in the last quarter. Institutional investors own 90.83% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on BXC. Benchmark reaffirmed a “buy” rating and issued a $135.00 price objective on shares of BlueLinx in a research report on Wednesday, May 29th. DA Davidson lifted 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 upped 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 report on Tuesday, August 27th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $135.67.

BlueLinx Trading Down 2.8 %

NYSE BXC opened at $103.07 on Thursday. BlueLinx Holdings Inc. has a 1 year low of $67.76 and a 1 year high of $132.67. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.88 and a quick ratio of 3.37. The company has a market capitalization of $879.19 million, a PE ratio of 19.34 and a beta of 1.95. The company has a fifty day moving average of $103.62 and a 200 day moving average of $106.01.

BlueLinx (NYSE:BXC) last issued its earnings results on Tuesday, July 30th. The construction company reported $1.53 EPS for the quarter. The firm had revenue of $768.36 million for the quarter. BlueLinx had a return on equity of 12.14% and a net margin of 1.26%.

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.