BlueLinx (NYSE:BXC) announced its quarterly earnings results on Thursday. The construction company reported ($1.07) earnings per share (EPS) for the quarter, Morningstar.com reports. The company had revenue of $859.78 million during the quarter. BlueLinx had a net margin of 1.66% and a return on equity of 412.62%.
Shares of BXC traded down $0.52 during trading hours on Friday, reaching $24.61. The company had a trading volume of 187,700 shares, compared to its average volume of 283,666. The company has a market capitalization of $232.96 million, a PE ratio of 4.49 and a beta of 2.14. BlueLinx has a 12-month low of $8.50 and a 12-month high of $46.42. The company has a quick ratio of 1.60, a current ratio of 3.32 and a debt-to-equity ratio of 61.71.
Separately, ValuEngine downgraded shares of BlueLinx from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its stake in BlueLinx by 224.2% in the 2nd quarter. BlackRock Inc. now owns 618,729 shares of the construction company’s stock valued at $23,221,000 after acquiring an additional 427,869 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in BlueLinx by 17.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 265,529 shares of the construction company’s stock valued at $9,965,000 after acquiring an additional 38,633 shares during the last quarter. Spark Investment Management LLC grew its stake in BlueLinx by 1,122.0% in the 2nd quarter. Spark Investment Management LLC now owns 172,300 shares of the construction company’s stock valued at $6,466,000 after acquiring an additional 158,200 shares during the last quarter. Northern Trust Corp grew its stake in BlueLinx by 483.6% in the 2nd quarter. Northern Trust Corp now owns 102,211 shares of the construction company’s stock valued at $3,835,000 after acquiring an additional 84,698 shares during the last quarter. Finally, Hennessy Advisors Inc. acquired a new stake in BlueLinx in the 2nd quarter valued at about $3,475,000. 62.58% of the stock is currently owned by hedge funds and other institutional investors.
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BlueLinx Holdings Inc, together with its subsidiaries, distributes building and industrial products in the United States. It distributes products in two principal categories, structural products and specialty products. The company's structural products include plywood, rebar and remesh, and lumber products, as well as oriented strand boards and other wood products primarily used for structural support, walls, and floorings in construction projects.
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