Victory Capital Management Inc. Buys 187,456 Shares of BlueLinx Holdings Inc. (NYSE:BXC)

Victory Capital Management Inc. raised its stake in BlueLinx Holdings Inc. (NYSE:BXC) by 600.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 218,685 shares of the construction company’s stock after acquiring an additional 187,456 shares during the quarter. Victory Capital Management Inc.’s holdings in BlueLinx were worth $23,054,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of BXC. Allspring Global Investments Holdings LLC raised its holdings in BlueLinx by 305.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 564 shares of the construction company’s stock valued at $73,000 after acquiring an additional 425 shares during the period. Vanguard Group Inc. grew its position in shares of BlueLinx by 1.1% during 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 in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of 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 in the last quarter. Bridgeway Capital Management LLC grew its position in shares of BlueLinx by 2.1% during the 1st quarter. Bridgeway Capital Management LLC now owns 145,687 shares of the construction company’s stock worth $18,974,000 after purchasing an additional 2,975 shares in the last quarter. Finally, SkyView Investment Advisors LLC acquired a new position in shares of BlueLinx during the 1st quarter worth approximately $1,150,000. 90.83% of the stock is owned by institutional investors.

BlueLinx Stock Performance

NYSE BXC opened at $122.97 on Tuesday. The company has a current ratio of 4.58, a quick ratio of 3.26 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 35.75 and a beta of 1.94. The firm’s 50 day simple moving average is $108.97 and its 200 day simple moving average is $103.63. BlueLinx Holdings Inc. has a 1 year low of $85.98 and a 1 year high of $132.67.

Analysts Set New Price Targets

A number of brokerages have issued reports on BXC. StockNews.com upgraded shares of BlueLinx from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. DA Davidson increased their target price on shares of BlueLinx from $121.00 to $137.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Craig Hallum increased their target price on shares of BlueLinx from $125.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average 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.