BlueLinx (NYSE:BXC) Issues Earnings Results

BlueLinx (NYSE:BXC) announced its quarterly earnings data on Wednesday. The construction company reported ($0.15) EPS for the quarter, Morningstar.com reports. The firm had revenue of $706.45 million during the quarter. BlueLinx had a negative return on equity of 606.34% and a negative net margin of 0.92%.

BXC stock traded up $1.00 during midday trading on Friday, reaching $26.23. The stock had a trading volume of 210,121 shares, compared to its average volume of 115,075. The business’s fifty day moving average price is $20.28. BlueLinx has a twelve month low of $17.88 and a twelve month high of $42.72.

A number of brokerages recently commented on BXC. ValuEngine upgraded BlueLinx from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. B. Riley began coverage on BlueLinx in a research report on Thursday. They issued a “buy” rating and a $28.00 price objective for the company.

In other news, major shareholder Nokomis Capital, L.L.C. acquired 2,335 shares of the stock in a transaction that occurred on Tuesday, July 9th. The stock was purchased at an average cost of $18.60 per share, for a total transaction of $43,431.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.07% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of BXC. Punch & Associates Investment Management Inc. grew its position in shares of BlueLinx by 150.8% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 348,555 shares of the construction company’s stock worth $9,286,000 after buying an additional 209,555 shares during the period. Private Advisors LLC grew its position in shares of BlueLinx by 213.9% during the 2nd quarter. Private Advisors LLC now owns 212,185 shares of the construction company’s stock worth $4,203,000 after buying an additional 144,599 shares during the period. JBF Capital Inc. grew its position in shares of BlueLinx by 21.5% during the 2nd quarter. JBF Capital Inc. now owns 312,955 shares of the construction company’s stock worth $6,199,000 after buying an additional 55,400 shares during the period. Deutsche Bank AG grew its position in shares of BlueLinx by 229.4% during the 4th quarter. Deutsche Bank AG now owns 59,060 shares of the construction company’s stock worth $1,458,000 after buying an additional 41,129 shares during the period. Finally, Vivaldi Asset Management LLC grew its position in shares of BlueLinx by 11.0% during the 1st quarter. Vivaldi Asset Management LLC now owns 378,842 shares of the construction company’s stock worth $10,092,000 after buying an additional 37,569 shares during the period. Institutional investors own 82.04% of the company’s stock.

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, spruce, and other wood products primarily used for structural support, walls, and flooring in construction projects; and specialty products comprising engineered wood, moulding, siding, cedar, metal, and insulation products.

Further Reading: Quiet Period

Earnings History for BlueLinx (NYSE:BXC)

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