BlueLinx Holdings Inc. (NYSE:BXC) insider Shyam K. Reddy bought 5,500 shares of the stock in a transaction dated Thursday, November 7th. The stock was bought at an average price of $18.21 per share, with a total value of $100,155.00. Following the purchase, the insider now owns 20,803 shares of the company’s stock, valued at approximately $378,822.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NYSE BXC opened at $16.97 on Friday. BlueLinx Holdings Inc. has a fifty-two week low of $13.48 and a fifty-two week high of $35.40. The business has a 50 day moving average price of $31.06 and a two-hundred day moving average price of $25.28. The firm has a market cap of $290.31 million, a PE ratio of -4.69 and a beta of 1.77.
BlueLinx (NYSE:BXC) last issued its quarterly earnings data on Wednesday, August 7th. The construction company reported ($0.15) earnings per share for the quarter. The business had revenue of $706.45 million during the quarter. As a group, equities analysts anticipate that BlueLinx Holdings Inc. will post 0.59 EPS for the current year.
A number of brokerages have weighed in on BXC. TheStreet upgraded BlueLinx from a “d+” rating to a “c-” rating in a research note on Wednesday, October 16th. B. Riley lowered their price objective on BlueLinx from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday. Finally, ValuEngine upgraded BlueLinx from a “hold” rating to a “buy” rating in a research note on Wednesday.
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.
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