BlueLinx (NYSE:BXC) Stock Crosses Above 200 Day Moving Average of $105.01

Shares of BlueLinx Holdings Inc. (NYSE:BXC) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $105.01 and traded as high as $111.32. BlueLinx shares last traded at $109.77, with a volume of 93,564 shares changing hands.

Analyst Upgrades and Downgrades

BXC has been the topic of several analyst reports. Benchmark raised their price target on shares of BlueLinx from $100.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. TheStreet downgraded shares of BlueLinx from a “b” rating to a “c” rating in a report on Thursday, February 22nd.

BlueLinx Trading Up 1.1 %

The company has a debt-to-equity ratio of 0.90, a current ratio of 5.13 and a quick ratio of 3.55. The firm has a market capitalization of $949.51 million, a PE ratio of 20.83 and a beta of 1.91. The company’s fifty day simple moving average is $121.37 and its 200-day simple moving average is $105.01.

BlueLinx (NYSE:BXC) last posted its quarterly earnings data on Tuesday, February 20th. The construction company reported $2.64 earnings per share (EPS) for the quarter. The business had revenue of $712.53 million for the quarter. BlueLinx had a net margin of 1.55% and a return on equity of 14.81%.

Insider Buying and Selling at BlueLinx

In other news, Director Mitchell B. Lewis sold 314 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $119.09, for a total value of $37,394.26. Following the transaction, the director now directly owns 38,828 shares of the company’s stock, valued at $4,624,026.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Mitchell B. Lewis sold 314 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $119.09, for a total value of $37,394.26. Following the transaction, the director now directly owns 38,828 shares of the company’s stock, valued at $4,624,026.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mitchell B. Lewis sold 2,904 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $117.15, for a total transaction of $340,203.60. Following the completion of the transaction, the director now directly owns 2,790 shares in the company, valued at $326,848.50. The disclosure for this sale can be found here. Insiders have sold a total of 8,570 shares of company stock valued at $1,000,196 over the last ninety days. Corporate insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On BlueLinx

Several hedge funds and other institutional investors have recently modified their holdings of the business. Wellington Management Group LLP purchased a new position in BlueLinx during the third quarter worth about $11,025,000. State Board of Administration of Florida Retirement System raised its stake in BlueLinx by 482.5% during the third quarter. State Board of Administration of Florida Retirement System now owns 14,482 shares of the construction company’s stock worth $1,189,000 after purchasing an additional 11,996 shares during the period. American Century Companies Inc. raised its stake in BlueLinx by 12.8% during the third quarter. American Century Companies Inc. now owns 167,873 shares of the construction company’s stock worth $13,781,000 after purchasing an additional 19,108 shares during the period. Charles Schwab Investment Management Inc. raised its stake in BlueLinx by 12.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 68,633 shares of the construction company’s stock worth $5,634,000 after purchasing an additional 7,860 shares during the period. Finally, WINTON GROUP Ltd raised its stake in BlueLinx by 32.9% during the third quarter. WINTON GROUP Ltd now owns 5,171 shares of the construction company’s stock worth $424,000 after purchasing an additional 1,280 shares during the period. 90.83% of the stock is owned by hedge funds and other institutional investors.

About BlueLinx

BlueLinx Holdings Inc, together with its subsidiaries, engages in the distribution of residential and commercial building products in the United States. It distributes specialty products, including engineered wood, siding, millwork, outdoor living, specialty lumber and panels, and industrial products; and structural products, such as lumber, plywood, oriented strand boards, rebars and remesh, as well as other wood products that are used for structural support in construction projects.