BlueLinx Holdings Inc. (NYSE:BXC) Director Sells $187,810.00 in Stock

BlueLinx Holdings Inc. (NYSE:BXC) Director Kim S. Fennebresque sold 3,500 shares of the stock in a transaction that occurred on Monday, September 13th. The shares were sold at an average price of $53.66, for a total transaction of $187,810.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of BlueLinx stock opened at $51.16 on Wednesday. BlueLinx Holdings Inc. has a 1 year low of $17.10 and a 1 year high of $70.38. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.64 and a current ratio of 3.10. The company has a market capitalization of $497.48 million, a P/E ratio of 1.99 and a beta of 1.87. The company’s fifty day moving average is $50.64 and its two-hundred day moving average is $47.89.

BlueLinx (NYSE:BXC) last issued its quarterly earnings data on Monday, August 2nd. The construction company reported $11.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.96 by $6.65. BlueLinx had a net margin of 6.15% and a return on equity of 213.94%. The company had revenue of $1.31 billion for the quarter.

Institutional investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. purchased a new position in BlueLinx during the 2nd quarter worth $35,000. UBS Group AG lifted its stake in shares of BlueLinx by 89.4% in the 1st quarter. UBS Group AG now owns 1,093 shares of the construction company’s stock worth $43,000 after acquiring an additional 516 shares during the period. Legal & General Group Plc acquired a new stake in shares of BlueLinx in the 2nd quarter worth $47,000. Lazard Asset Management LLC lifted its stake in shares of BlueLinx by 42.4% in the 2nd quarter. Lazard Asset Management LLC now owns 1,141 shares of the construction company’s stock worth $57,000 after acquiring an additional 340 shares during the period. Finally, FORA Capital LLC acquired a new stake in shares of BlueLinx in the 2nd quarter worth $67,000. 76.14% of the stock is currently owned by institutional investors.

Separately, Loop Capital increased their price objective on shares of BlueLinx from $52.00 to $65.00 and gave the company a “hold” rating in a research report on Thursday, August 26th.

About BlueLinx

BlueLinx Holdings, Inc engages in the distribution of building and industrial products. Its products include two principal categories: structural and specialty. The Structural products include plywood, oriented strand board, rebar and remesh, lumber, spruce and other wood products used for structural support, walls, and flooring in construction projects.

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