Dynamic Technology Lab Private Ltd Makes New $869,000 Investment in BlueLinx Holdings Inc. (NYSE:BXC)

Dynamic Technology Lab Private Ltd purchased a new stake in BlueLinx Holdings Inc. (NYSE:BXC) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 8,241 shares of the construction company’s stock, valued at approximately $869,000.

Several other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in BlueLinx by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 501,333 shares of the construction company’s stock worth $65,294,000 after purchasing an additional 5,277 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of BlueLinx by 4.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,722 shares of the construction company’s stock worth $876,000 after buying an additional 293 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of BlueLinx by 273.4% in the second quarter. Harbor Capital Advisors Inc. now owns 54,536 shares of the construction company’s stock valued at $5,077,000 after acquiring an additional 39,930 shares during the period. Hunter Perkins Capital Management LLC grew its stake in BlueLinx by 23.9% during the second quarter. Hunter Perkins Capital Management LLC now owns 7,650 shares of the construction company’s stock valued at $712,000 after acquiring an additional 1,475 shares in the last quarter. Finally, Summit Global Investments increased its holdings in BlueLinx by 8.9% during the 2nd quarter. Summit Global Investments now owns 9,256 shares of the construction company’s stock worth $862,000 after acquiring an additional 754 shares during the period. 90.83% of the stock is currently owned by hedge funds and other institutional investors.

BlueLinx Stock Performance

NYSE BXC opened at $125.13 on Thursday. BlueLinx Holdings Inc. has a 52-week low of $85.98 and a 52-week high of $134.79. The company has a fifty day moving average of $112.45 and a 200-day moving average of $104.75. The company has a market capitalization of $1.05 billion, a P/E ratio of 36.38 and a beta of 1.94. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.26 and a current ratio of 4.58.

Analysts Set New Price Targets

A number of research firms have recently commented on BXC. StockNews.com upgraded shares of BlueLinx from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Craig Hallum boosted their target price on BlueLinx from $125.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, DA Davidson raised their price target on BlueLinx from $121.00 to $137.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus 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.