ValuEngine upgraded shares of BlueLinx Holdings Inc. (NYSE:BXC) from a hold rating to a buy rating in a report released on Friday.
BlueLinx Holdings (NYSE:BXC) traded down 4.07% during midday trading on Friday, hitting $10.36. The stock had a trading volume of 57,010 shares. The stock has a market capitalization of $94.26 million, a PE ratio of 3.26 and a beta of 2.30. The stock’s 50-day moving average is $10.21 and its 200-day moving average is $9.75. BlueLinx Holdings has a 1-year low of $6.36 and a 1-year high of $11.78.
BlueLinx Holdings (NYSE:BXC) last announced its quarterly earnings results on Thursday, August 10th. The construction company reported $0.35 earnings per share (EPS) for the quarter. BlueLinx Holdings had a negative return on equity of 22.97% and a net margin of 1.62%. The business had revenue of $474.00 million during the quarter. On average, equities research analysts anticipate that BlueLinx Holdings will post ($0.21) EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in BXC. Feinberg Stephen purchased a new position in BlueLinx Holdings in the second quarter worth $51,569,000. Dimensional Fund Advisors LP boosted its position in BlueLinx Holdings by 10.5% in the second quarter. Dimensional Fund Advisors LP now owns 124,984 shares of the construction company’s stock worth $1,364,000 after purchasing an additional 11,898 shares during the last quarter. Weber Alan W boosted its position in BlueLinx Holdings by 45.4% in the second quarter. Weber Alan W now owns 84,779 shares of the construction company’s stock worth $927,000 after purchasing an additional 26,480 shares during the last quarter. Algert Global LLC purchased a new position in BlueLinx Holdings in the second quarter worth $364,000. Finally, Spark Investment Management LLC boosted its position in BlueLinx Holdings by 38.7% in the second quarter. Spark Investment Management LLC now owns 16,500 shares of the construction company’s stock worth $180,000 after purchasing an additional 4,600 shares during the last quarter. Institutional investors and hedge funds own 74.47% of the company’s stock.
BlueLinx Holdings Company Profile
BlueLinx Holdings, Inc is a distributor of building products in North America. The Company operates its distribution business through a network of approximately 40 distribution centers. It serves metropolitan areas in the United States and delivers building products to a range of wholesale and retail customers.
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