Shyam K. Reddy Buys 5,500 Shares of BlueLinx Holdings Inc. (NYSE:BXC) Stock

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 hedge funds and other institutional investors have recently modified their holdings of BXC. WINTON GROUP Ltd boosted its holdings in BlueLinx by 28.7% in the second quarter. WINTON GROUP Ltd now owns 12,974 shares of the construction company’s stock valued at $257,000 after purchasing an additional 2,894 shares in the last quarter. Equitec Specialists LLC lifted its stake in BlueLinx by 10.0% in the second quarter. Equitec Specialists LLC now owns 122,781 shares of the construction company’s stock valued at $2,432,000 after buying an additional 11,128 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in BlueLinx in the second quarter valued at approximately $25,000. Private Advisors LLC lifted its stake in BlueLinx by 213.9% in the second quarter. Private Advisors LLC now owns 212,185 shares of the construction company’s stock valued at $4,203,000 after buying an additional 144,599 shares during the last quarter. Finally, Weber Alan W lifted its stake in BlueLinx by 2.2% in the second quarter. Weber Alan W now owns 465,353 shares of the construction company’s stock valued at $9,219,000 after buying an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 90.08% of the company’s stock.

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.

Recommended Story: Trading Ex-Dividend Strategy

Insider Buying and Selling by Quarter for BlueLinx (NYSE:BXC)

Receive News & Ratings for BlueLinx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlueLinx and related companies with MarketBeat.com's FREE daily email newsletter.