BlueLinx (BXC) Issues Earnings Results

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BlueLinx (NYSE:BXC) released its earnings results on Wednesday. The construction company reported ($1.74) earnings per share (EPS) for the quarter, Morningstar.com reports. The business had revenue of $672.64 million for the quarter. BlueLinx had a return on equity of 202.65% and a net margin of 0.82%.

BlueLinx stock traded down $0.43 during mid-day trading on Thursday, reaching $24.91. 46,342 shares of the company’s stock were exchanged, compared to its average volume of 111,959. The firm has a market cap of $287.18 million, a PE ratio of 7.92 and a beta of 2.07. BlueLinx has a twelve month low of $19.08 and a twelve month high of $46.42. The company has a quick ratio of 1.44, a current ratio of 3.15 and a debt-to-equity ratio of 326.37.

In other news, major shareholder Nokomis Capital, L.L.C. acquired 105,989 shares of the company’s stock in a transaction on Wednesday, December 26th. The shares were bought at an average cost of $20.31 per share, with a total value of $2,152,636.59. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 4.16% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in BXC. Northern Trust Corp grew its position in shares of 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 buying an additional 84,698 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of BlueLinx in the 3rd quarter valued at $239,000. Bank of New York Mellon Corp grew its position in shares of BlueLinx by 12.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 27,296 shares of the construction company’s stock valued at $860,000 after buying an additional 2,999 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of BlueLinx by 71.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 45,375 shares of the construction company’s stock valued at $1,429,000 after buying an additional 18,850 shares during the last quarter. Finally, GSA Capital Partners LLP grew its position in shares of BlueLinx by 23.8% in the 3rd quarter. GSA Capital Partners LLP now owns 34,900 shares of the construction company’s stock valued at $1,099,000 after buying an additional 6,700 shares during the last quarter. 84.10% of the stock is currently owned by institutional investors.

Separately, ValuEngine upgraded shares of BlueLinx from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd.

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BlueLinx Company Profile

BlueLinx Holdings Inc, together with its subsidiaries, distributes building and industrial products in the United States. It distributes structural products, including plywood, oriented strand board, rebar and remesh, lumber, and other wood products primarily used for structural support, walls, and flooring in construction projects; and specialty products comprising exterior roofing, insulation, engineered wood, vinyl, metal, moulding, spruce, and cedar products.

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Earnings History for BlueLinx (NYSE:BXC)

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