Vestcor Inc Buys 12,044 Shares of BlueLinx Holdings Inc. (NYSE:BXC)

Vestcor Inc grew its holdings in shares of BlueLinx Holdings Inc. (NYSE:BXC - Free Report) by 1,797.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,714 shares of the construction company's stock after buying an additional 12,044 shares during the period. Vestcor Inc owned 0.15% of BlueLinx worth $1,340,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Barclays PLC increased its stake in shares of BlueLinx by 32.0% during the third quarter. Barclays PLC now owns 45,229 shares of the construction company's stock valued at $4,767,000 after purchasing an additional 10,966 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in BlueLinx by 59.1% in the third quarter. Public Employees Retirement System of Ohio now owns 377 shares of the construction company's stock worth $40,000 after acquiring an additional 140 shares in the last quarter. State Street Corp grew its stake in shares of BlueLinx by 0.6% in the third quarter. State Street Corp now owns 198,003 shares of the construction company's stock worth $20,873,000 after acquiring an additional 1,252 shares during the last quarter. Quadrature Capital Ltd grew its stake in shares of BlueLinx by 108.1% in the third quarter. Quadrature Capital Ltd now owns 6,957 shares of the construction company's stock worth $733,000 after acquiring an additional 3,614 shares during the last quarter. Finally, Mill Road Capital Management LLC increased its holdings in shares of BlueLinx by 10.1% during the third quarter. Mill Road Capital Management LLC now owns 142,297 shares of the construction company's stock valued at $15,001,000 after acquiring an additional 13,023 shares in the last quarter. Institutional investors own 90.83% of the company's stock.

BlueLinx Stock Performance

Shares of NYSE:BXC traded down $2.46 during midday trading on Thursday, reaching $121.88. 33,725 shares of the company's stock traded hands, compared to its average volume of 78,240. BlueLinx Holdings Inc. has a one year low of $87.67 and a one year high of $134.79. The stock has a 50 day moving average of $116.55 and a 200 day moving average of $106.36. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 35.45 and a beta of 2.05. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.26 and a current ratio of 4.58.

Analyst Ratings Changes

Separately, StockNews.com raised shares of BlueLinx from a "hold" rating to a "buy" rating in a research report on Saturday, October 12th. Four research 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 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.