BlueLinx Holdings Inc. (NYSE:BXC) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Friday.

BlueLinx Holdings (BXC) traded down 4.07% on Friday, reaching $10.36. 57,010 shares of the company’s stock were exchanged. The company has a market capitalization of $94.26 million, a P/E ratio of 3.26 and a beta of 2.30. BlueLinx Holdings has a 1-year low of $6.36 and a 1-year high of $11.78. The firm has a 50-day moving average price of $10.21 and a 200-day moving average price of $9.75.

BlueLinx Holdings (NYSE:BXC) last announced its quarterly earnings data on Thursday, August 10th. The construction company reported $0.35 EPS for the quarter. The company had revenue of $474.00 million during the quarter. BlueLinx Holdings had a net margin of 1.62% and a negative return on equity of 22.97%. Equities research analysts expect that BlueLinx Holdings will post ($0.21) earnings per share for the current year.

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A number of institutional investors have recently made changes to their positions in BXC. Spark Investment Management LLC raised its position in BlueLinx Holdings by 38.7% during the 2nd quarter. Spark Investment Management LLC now owns 16,500 shares of the construction company’s stock worth $180,000 after buying an additional 4,600 shares during the last quarter. Algert Global LLC purchased a new position in BlueLinx Holdings during the 2nd quarter worth $364,000. Weber Alan W raised its position in BlueLinx Holdings by 45.4% during the 2nd quarter. Weber Alan W now owns 84,779 shares of the construction company’s stock worth $927,000 after buying an additional 26,480 shares during the last quarter. Dimensional Fund Advisors LP raised its position in BlueLinx Holdings by 10.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 124,984 shares of the construction company’s stock worth $1,364,000 after buying an additional 11,898 shares during the last quarter. Finally, Feinberg Stephen purchased a new position in BlueLinx Holdings during the 2nd quarter worth $51,569,000. Institutional investors own 74.47% of the company’s stock.

About BlueLinx Holdings

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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