BlueLinx Holdings Inc. (NYSE:BXC) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Friday.
Shares of BlueLinx Holdings (NYSE BXC) opened at 10.36 on Friday. BlueLinx Holdings has a 12 month low of $6.36 and a 12 month high of $11.78. The firm has a market capitalization of $94.26 million, a P/E ratio of 3.26 and a beta of 2.30. The firm’s 50-day moving average is $10.21 and its 200 day moving average is $9.75.
BlueLinx Holdings (NYSE:BXC) last released its earnings results on Thursday, August 10th. The construction company reported $0.35 earnings per share for the quarter. BlueLinx Holdings had a net margin of 1.62% and a negative return on equity of 22.97%. The firm 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 year.
Several institutional investors have recently added to or reduced their stakes in BXC. Spark Investment Management LLC grew its position in shares of BlueLinx Holdings by 38.7% during the 2nd quarter. Spark Investment Management LLC now owns 16,500 shares of the construction company’s stock valued at $180,000 after acquiring an additional 4,600 shares during the period. Algert Global LLC bought a new position in shares of BlueLinx Holdings during the 2nd quarter valued at approximately $364,000. Weber Alan W grew its position in shares of BlueLinx Holdings by 45.4% during the 2nd quarter. Weber Alan W now owns 84,779 shares of the construction company’s stock valued at $927,000 after acquiring an additional 26,480 shares during the period. Dimensional Fund Advisors LP grew its position in shares of BlueLinx Holdings by 10.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 124,984 shares of the construction company’s stock valued at $1,364,000 after acquiring an additional 11,898 shares during the period. Finally, Feinberg Stephen bought a new position in shares of BlueLinx Holdings during the 2nd quarter valued at approximately $51,569,000. 74.47% of the stock is owned by hedge funds and other institutional investors.
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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