BlueLinx (NYSE:BXC) released its quarterly earnings results on Thursday. The construction company reported ($1.07) earnings per share for the quarter, Morningstar.com reports. The firm had revenue of $859.78 million during the quarter. BlueLinx had a return on equity of 412.62% and a net margin of 1.66%.
BlueLinx stock opened at $24.61 on Friday. The firm has a market capitalization of $245.22 million, a PE ratio of 4.72 and a beta of 2.14. BlueLinx has a fifty-two week low of $8.50 and a fifty-two week high of $46.42. The company has a current ratio of 3.32, a quick ratio of 1.60 and a debt-to-equity ratio of 61.71.
Separately, ValuEngine cut shares of BlueLinx from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th.
Several institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in shares of BlueLinx by 12.3% in the third quarter. Bank of New York Mellon Corp now owns 27,296 shares of the construction company’s stock worth $860,000 after purchasing an additional 2,999 shares during the period. SG Americas Securities LLC bought a new position in shares of BlueLinx in the third quarter worth $239,000. USA Financial Portformulas Corp bought a new position in shares of BlueLinx in the third quarter worth $230,000. Equitec Proprietary Markets LLC increased its holdings in shares of BlueLinx by 66.9% in the third quarter. Equitec Proprietary Markets LLC now owns 54,134 shares of the construction company’s stock worth $1,705,000 after purchasing an additional 21,700 shares during the period. Finally, Equitec Specialists LLC increased its holdings in shares of BlueLinx by 314.7% in the third quarter. Equitec Specialists LLC now owns 79,739 shares of the construction company’s stock worth $2,511,000 after purchasing an additional 60,509 shares during the period. 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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