BlueLinx (BXC) Stock Price, News & Analysis

Company Overview

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. It also provides various value-added services and solutions to customers and suppliers. The company serves national home centers, pro dealers, cooperatives, specialty distributors, regional and local dealers, and industrial manufacturers. BlueLinx Holdings Inc. was incorporated in 2004 and is headquartered in Marietta, Georgia.

Key Stats

• Today's Range: $122.67 to $126.00
• 50-Day Range: $97.42 to $125.19
• 52-Week Range: $85.98 to $132.67
• Volume: 25,202 shs
• Average Volume: 80,112 shs
• Market Capitalization: $1.05 billion
• P/E Ratio: 36.34
• Dividend Yield: N/A
• Price Target: $135.67
• Consensus Rating: Buy

BlueLinx Stock Analysis - MarketRank™

BlueLinx scored higher than 33% of companies evaluated by MarketBeat, and ranked 85th out of 100 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

BlueLinx has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

BlueLinx has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of BlueLinx is 36.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.28.

Price to Earnings Ratio vs. Sector

The P/E ratio of BlueLinx is 36.34, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 27.56.

Price to Book Value per Share Ratio

BlueLinx has a P/B Ratio of 1.60. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.35% of the float of BlueLinx has been sold short.

Short Interest Ratio / Days to Cover

BlueLinx has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in BlueLinx has recently decreased by 7.59%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

BlueLinx does not currently pay a dividend.

Dividend Growth

BlueLinx does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.35% of the float of BlueLinx has been sold short.

Short Interest Ratio / Days to Cover

BlueLinx has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in BlueLinx has recently decreased by 7.59%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.14

News Sentiment

BlueLinx has a news sentiment score of 1.14. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.83 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for BlueLinx this week, compared to 2 articles on an average week.

MarketBeat Follows

Only 1 people have added BlueLinx to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, BlueLinx insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 3.38% of the stock of BlueLinx is held by insiders.

Percentage Held by Institutions

90.83% of the stock of BlueLinx is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BXC Stock Analysis - Frequently Asked Questions

How have BXC shares performed this year?

BlueLinx's stock was trading at $113.31 at the beginning of the year. Since then, BXC stock has increased by 10.3% and is now trading at $125.00.
View the best growth stocks for 2024 here.

How were BlueLinx's earnings last quarter?

BlueLinx Holdings Inc. (NYSE:BXC) posted its earnings results on Monday, November, 1st. The construction company reported $4.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.78 by $0.96. The construction company had revenue of $970.84 million for the quarter. BlueLinx had a trailing twelve-month return on equity of 10.44% and a net margin of 1.01%.

Who are BlueLinx's major shareholders?

Top institutional shareholders of BlueLinx include Victory Capital Management Inc. (2.61%), State Street Corp (2.36%), Geode Capital Management LLC (2.31%) and Charles Schwab Investment Management Inc. (1.99%).
View institutional ownership trends.

How do I buy shares of BlueLinx?

Shares of BXC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of BlueLinx own?

Based on aggregate information from My MarketBeat watchlists, some other companies that BlueLinx investors own include Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), Tesla (TSLA), Home Depot (HD), Visa (V) and Exxon Mobil (XOM).

Company Calendar

• Last Earnings: 11/01/2021
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/18/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Construction
• Industry: Lumber, plywood, & millwork
• Sub-Industry: Trading Companies & Distributors
• Current Symbol: NYSE:BXC
• CUSIP: 09624H10
• CIK: 1301787
• Web: www.bluelinxco.com
• Phone: (770) 953-7000
• Fax: 770-221-8902
• Employees: 2,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $135.67
• High Stock Price Target: $137.00
• Low Stock Price Target: $135.00
• Potential Upside/Downside: +11.8%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.44
• Trailing P/E Ratio: 35.26
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $48.54 million
• Net Margins: 1.01%
• Pretax Margin: 1.89%
• Return on Equity: 10.44%
• Return on Assets: 4.28%

Debt

• Debt-to-Equity Ratio: 0.88
• Current Ratio: 4.58
• Quick Ratio: 3.26

Sales & Book Value

• Annual Sales: $3.14 billion
• Price / Sales: 0.32
• Cash Flow: $13.72 per share
• Price / Cash Flow: 8.84
• Book Value: $78.23 per share
• Price / Book: 1.55

Miscellaneous

• Outstanding Shares: 8,380,000
• Free Float: 8,098,000
• Market Cap: $1.02 billion
• Optionable: Optionable
• Beta: 1.94