BlueLinx (BXC) Releases Quarterly Earnings Results

BlueLinx (NYSE:BXC) issued its quarterly earnings data on Wednesday. The construction company reported ($1.74) earnings per share (EPS) for the quarter, Morningstar.com reports. The firm 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 up $0.28 during mid-day trading on Thursday, hitting $25.62. The company’s stock had a trading volume of 28,284 shares, compared to its average volume of 111,959. The company has a market capitalization of $287.18 million, a PE ratio of 7.92 and a beta of 2.07. The company has a quick ratio of 1.44, a current ratio of 3.15 and a debt-to-equity ratio of 326.37. BlueLinx has a one year low of $19.08 and a one year high of $46.42.

In other BlueLinx news, major shareholder Nokomis Capital, L.L.C. acquired 105,989 shares of the business’s stock in a transaction on Wednesday, December 26th. The shares were bought at an average price 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 can be accessed through this hyperlink. Corporate insiders own 4.16% of the company’s stock.



Several institutional investors and hedge funds have recently bought and sold shares of BXC. JBF Capital Inc. grew its position in shares of BlueLinx by 716.5% during the 3rd quarter. JBF Capital Inc. now owns 260,466 shares of the construction company’s stock worth $8,202,000 after buying an additional 228,566 shares in the last quarter. Gendell Jeffrey L boosted its position in BlueLinx by 61.3% during the fourth quarter. Gendell Jeffrey L now owns 437,152 shares of the construction company’s stock valued at $10,802,000 after purchasing an additional 166,054 shares in the last quarter. Ancora Advisors LLC bought a new stake in BlueLinx during the third quarter valued at about $3,099,000. 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 purchasing an additional 84,698 shares in the last quarter. Finally, Weber Alan W boosted its position in BlueLinx by 15.2% during the fourth quarter. Weber Alan W now owns 455,353 shares of the construction company’s stock valued at $11,252,000 after purchasing an additional 60,000 shares in the last quarter. 84.10% of the stock is currently owned by institutional investors and hedge funds.

Separately, ValuEngine upgraded 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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