Kim S. Fennebresque Sells 4,264 Shares of BlueLinx Holdings Inc. (NYSE:BXC) Stock

BlueLinx Holdings Inc. (NYSE:BXC) Director Kim S. Fennebresque sold 4,264 shares of the company’s stock in a transaction dated Wednesday, September 15th. The stock was sold at an average price of $50.32, for a total transaction of $214,564.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of NYSE BXC opened at $50.04 on Friday. The firm’s 50-day simple moving average is $50.97 and its 200 day simple moving average is $47.98. The company has a market cap of $486.59 million, a price-to-earnings ratio of 1.95 and a beta of 1.87. The company has a quick ratio of 1.64, a current ratio of 3.10 and a debt-to-equity ratio of 2.53. BlueLinx Holdings Inc. has a 12-month low of $17.10 and a 12-month high of $70.38.

BlueLinx (NYSE:BXC) last released its earnings results on Monday, August 2nd. The construction company reported $11.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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.

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

A number of institutional investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC lifted its position in BlueLinx by 42.4% during the 2nd quarter. Lazard Asset Management LLC now owns 1,141 shares of the construction company’s stock valued at $57,000 after purchasing an additional 340 shares during the period. Morgan Stanley lifted its position in BlueLinx by 2.5% during the 1st quarter. Morgan Stanley now owns 14,727 shares of the construction company’s stock valued at $577,000 after purchasing an additional 355 shares during the period. O Shaughnessy Asset Management LLC lifted its position in BlueLinx by 1.5% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 26,372 shares of the construction company’s stock valued at $1,326,000 after purchasing an additional 390 shares during the period. Man Group plc lifted its position in BlueLinx by 5.4% during the 1st quarter. Man Group plc now owns 8,813 shares of the construction company’s stock valued at $345,000 after purchasing an additional 455 shares during the period. Finally, UBS Group AG raised its position 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 valued at $43,000 after acquiring an additional 516 shares during the period. Institutional investors own 76.14% of the company’s stock.

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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