Empowered Funds LLC Has $7.11 Million Stake in BlueLinx Holdings Inc. (NYSE:BXC)

Empowered Funds LLC grew its holdings in BlueLinx Holdings Inc. (NYSE:BXC) by 2.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 67,410 shares of the construction company’s stock after acquiring an additional 1,891 shares during the quarter. Empowered Funds LLC’s holdings in BlueLinx were worth $7,106,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. nVerses Capital LLC grew its holdings in BlueLinx by 200.0% in the 2nd quarter. nVerses Capital LLC now owns 300 shares of the construction company’s stock valued at $28,000 after buying an additional 200 shares during the last quarter. Innealta Capital LLC bought a new position in BlueLinx during the second quarter worth $39,000. Meeder Asset Management Inc. acquired a new position in BlueLinx during the 2nd quarter valued at $70,000. Allspring Global Investments Holdings LLC boosted 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 purchasing an additional 425 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in BlueLinx by 24.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,097 shares of the construction company’s stock worth $195,000 after purchasing an additional 418 shares during the last quarter. 90.83% of the stock is currently owned by institutional investors.

BlueLinx Stock Performance

NYSE:BXC opened at $120.39 on Friday. The firm has a market capitalization of $1.01 billion, a PE ratio of 35.00 and a beta of 1.94. The company has a quick ratio of 3.26, a current ratio of 4.58 and a debt-to-equity ratio of 0.88. BlueLinx Holdings Inc. has a 12-month low of $84.43 and a 12-month high of $132.67. The firm has a 50-day moving average price of $108.33 and a 200 day moving average price of $103.46.

Wall Street Analyst Weigh In

BXC has been the subject of several research reports. StockNews.com upgraded shares of BlueLinx from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Craig Hallum raised their price objective 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 boosted their price objective 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, Based on data from MarketBeat.com, the company 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.