BlueLinx (BXC) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BlueLinx in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BXC shares.
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2 Wall Street research analysts have issued 1 year target prices for BlueLinx's stock. Their BXC share price forecasts range from $105.00 to $127.00. On average, they anticipate the company's stock price to reach $116.00 in the next year. This suggests a possible upside of 38.7% from the stock's current price.
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BlueLinx's stock was trading at $71.11 at the beginning of the year. Since then, BXC shares have increased by 17.6% and is now trading at $83.61.
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BlueLinx saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 451,500 shares, a decrease of 13.0% from the April 30th total of 518,900 shares. Based on an average daily volume of 108,200 shares, the short-interest ratio is presently 4.2 days. Approximately 5.2% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our BXC earnings forecast.

BlueLinx Holdings Inc. (NYSE:BXC) posted its quarterly earnings data on Monday, November, 1st. The construction company reported $4.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.78 by $0.96. The construction company earned $970.84 million during the quarter. BlueLinx had a trailing twelve-month return on equity of 32.60% and a net margin of 4.58%.

ETFs with the largest weight of BlueLinx (NYSE:BXC) stock in their portfolio include Roundhill Acquirers Deep Value ETF (DEEP), Distillate Small/Mid Cash Flow ETF (DSMC), Royce Quant Small-Cap Quality Value ETF (SQLV), iShares U.S. Infrastructure ETF (IFRA), Hartford Multifactor Small Cap ETF (ROSC), First Trust Active Factor Small Cap ETF (AFSM), WisdomTree U.S. SmallCap Fund (EES) and Vanguard U.S. Value Factor ETF (VFVA).

56 employees have rated BlueLinx Chief Executive Officer Mitch Lewis on Glassdoor.com. Mitch Lewis has an approval rating of 49% among the company's employees. This puts Mitch Lewis in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other BlueLinx investors own include Novavax (NVAX), Micron Technology (MU), Co-Diagnostics (CODX), Livongo Health (LVGO), Intel (INTC), Maxar Technologies (MAXR), Civeo (CVEO), Nautilus (NLS), Sorrento Therapeutics (SRNE) and Hologic (HOLX).

BlueLinx trades on the New York Stock Exchange (NYSE) under the ticker symbol "BXC."

BlueLinx's stock is owned by a variety of retail and institutional investors. Top institutional investors include Voss Capital LLC (9.91%), BlackRock Inc. (8.35%), Gendell Jeffrey L (6.01%), Punch & Associates Investment Management Inc. (5.84%), Dimensional Fund Advisors LP (5.01%) and State Street Corp (2.03%). Insiders that own company stock include Carol B Yancey, Kim S Fennebresque, Mitchell B Lewis, Mitchell B Lewis, Nokomis Capital, LLC and Shyam K Reddy.
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Shares of BXC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BXC stock can currently be purchased for approximately $83.61.

BlueLinx (NYSE:BXC) has a market capitalization of $760.01 million and generates $4.45 billion in revenue each year. The construction company earns $296.18 million in net income (profit) each year or $19.30 on an earnings per share basis.

The company employs 2,100 workers across the globe.

BlueLinx's mailing address is 1950 SPECTRUM CIRCLE SUITE 300, MARIETTA GA, 30067. The official website for the company is www.bluelinxco.com. The construction company can be reached via phone at (770) 953-7000, via email at ir@audentestx.com, or via fax at 770-221-8902.