BlueLinx (BXC) Issues Earnings Results
BlueLinx (NYSE:BXC) released its earnings results on Thursday. The construction company reported ($1.07) EPS for the quarter, Morningstar.com reports. BlueLinx had a net margin of 1.66% and a return on equity of 412.62%. The firm had revenue of $859.78 million during the quarter.
NYSE BXC opened at $24.61 on Friday. The company has a quick ratio of 1.60, a current ratio of 3.32 and a debt-to-equity ratio of 61.71. BlueLinx has a 12-month low of $8.50 and a 12-month high of $46.42. The stock has a market cap of $245.22 million, a price-to-earnings ratio of 4.72 and a beta of 2.14.
A number of hedge funds and other institutional investors have recently bought and sold shares of BXC. BlackRock Inc. boosted its position in BlueLinx by 224.2% during the second quarter. BlackRock Inc. now owns 618,729 shares of the construction company’s stock valued at $23,221,000 after buying an additional 427,869 shares during the period. Spark Investment Management LLC boosted its position in BlueLinx by 1,122.0% during the second quarter. Spark Investment Management LLC now owns 172,300 shares of the construction company’s stock valued at $6,466,000 after buying an additional 158,200 shares during the period. Hennessy Advisors Inc. purchased a new stake in BlueLinx during the second quarter valued at about $3,475,000. Northern Trust Corp boosted its position in BlueLinx by 483.6% during the second 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 period. Finally, Equitec Specialists LLC boosted its position in BlueLinx by 314.7% during the third quarter. Equitec Specialists LLC now owns 79,739 shares of the construction company’s stock valued at $2,511,000 after buying an additional 60,509 shares during the period. Institutional investors and hedge funds own 62.58% of the company’s stock.
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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