BlueLinx Holdings Inc. (NYSE:BXC) posted its quarterly earnings results on Thursday. The construction company reported $0.32 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. BlueLinx Holdings had a net margin of 1.24% and a negative return on equity of 2.96%.
BlueLinx Holdings (NYSE BXC) traded up 5.74% on Thursday, reaching $10.68. 49,730 shares of the company traded hands. The stock has a 50-day moving average price of $10.67 and a 200-day moving average price of $9.10. BlueLinx Holdings has a 52-week low of $6.36 and a 52-week high of $11.78. The firm has a market cap of $96.87 million, a P/E ratio of 4.29 and a beta of 2.29.
Separately, ValuEngine raised shares of BlueLinx Holdings from a “hold” rating to a “buy” rating in a research report on Friday, May 26th.
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A number of hedge funds have recently bought and sold shares of the stock. Algert Global LLC acquired a new stake in BlueLinx Holdings during the second quarter worth about $364,000. Weber Alan W increased its stake 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 buying an additional 26,480 shares in the last quarter. Finally, Spark Investment Management LLC increased its stake 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 buying an additional 4,600 shares in the last quarter. 75.28% of the stock is owned by hedge funds and other institutional investors.
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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