NYSE:BXC

BlueLinx - BXC Stock Forecast, Price & News

$62.10

+0.98 (+1.60%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $60.30
▼
$63.96
50-Day Range: $57.88
▼
$83.07
52-Week Range: $45.86
▼
$100.01

Volume: 124,044 shs
Average Volume: 126,496 shs
Market Capitalization: $599.89 million

P/E Ratio: 1.90
Dividend Yield: N/A
Price Target: $104.75

BlueLinx MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 68.7% Upside
$104.75 Price Target
Short Interest: Bearish
5.71% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: -48.53%
From $29.26 to $15.06 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.08 out of 5 stars

Construction Sector

81st out of 106 stocks

Lumber, Plywood, & Millwork Industry

1st out of 1 stocks

3.5

Analyst's Opinion

Consensus Rating
BlueLinx has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $104.75, BlueLinx has a forecasted upside of 68.7% from its current price of $62.10.
Amount of Analyst Coverage
BlueLinx has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
5.71% 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 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in BlueLinx has recently increased by 3.24%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
BlueLinx does not currently pay a dividend.
Dividend Growth
BlueLinx does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BXC.

2.0

News and Social Media Coverage

News Sentiment
BlueLinx has a news sentiment score of 0.64. 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 0.50 average news sentiment score of Construction companies.
MarketBeat Follows
Only 3 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.

1.7

Company Ownership

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 4.60% of the stock of BlueLinx is held by insiders.
Percentage Held by Institutions
80.97% of the stock of BlueLinx is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for BlueLinx are expected to decrease by -48.53% in the coming year, from $29.26 to $15.06 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of BlueLinx is 1.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.26.
Price to Earnings Ratio vs. Sector
The P/E ratio of BlueLinx is 1.90, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 11.44.
Price to Book Value per Share Ratio
BlueLinx has a P/B Ratio of 1.66. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About BlueLinx (NYSE:BXC) Stock

BlueLinx Holdings Inc., together with its subsidiaries, distributes residential and commercial building products in the United States. The company distributes specialty products comprising engineered wood, industrial products, cedar, moulding, siding, metal, and insulation products; and structural products include lumber, plywood, oriented strand boards, rebars and remesh, spruce, and other wood products primarily 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 dealers, specialty distributors, national home centers, and manufactured housing customers through a network of distribution centers. BlueLinx Holdings Inc. was incorporated in 2004 and is headquartered in Marietta, Georgia.

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BXC Stock News Headlines

September 19, 2022 | seekingalpha.com

BlueLinx Holdings: This Stock Is Cheap At 7x FCF (NYSE:BXC) - Seeking Alpha

September 15, 2022 | finance.yahoo.com

BlueLinx to Participate in D.A. Davidson Diversified Industrials & Services Conference - Yahoo Finance

September 15, 2022 | finance.yahoo.com

BlueLinx to Participate in D.A. Davidson Diversified Industrials & Services Conference

September 13, 2022 | nasdaq.com

With 81% ownership, BlueLinx Holdings Inc. (NYSE:BXC) boasts of strong institutional backing - Nasdaq

September 9, 2022 | finance.yahoo.com

Barricade Building Products Exhibiting at LAT 2022 Expo - Yahoo Finance

September 9, 2022 | reuters.com

Bluelinx Holdings Inc

September 4, 2022 | nasdaq.com

Validea Motley Fool Strategy Daily Upgrade Report - 9/3/2022 - Nasdaq

September 2, 2022 | streetinsider.com

Bluelinx Holdings (BXC) Appoints Keith A. Haas and Marietta Edmunds Zakas to its Board - StreetInsider.com

September 2, 2022 | finance.yahoo.com

Is Now The Time To Put BlueLinx Holdings (NYSE:BXC) On Your Watchlist?

August 26, 2022 | nasdaq.com

Is BlueLinx Holdings (NYSE:BXC) A Risky Investment? - Nasdaq

August 24, 2022 | nasdaq.com

Is BlueLinx Holdings (NYSE:BXC) A Risky Investment?

August 23, 2022 | nasdaq.com

IFRA's Holdings Imply 12% Gain Potential - Nasdaq

August 22, 2022 | seekingalpha.com

BlueLinx Holdings Stock: Near Cap-Gain Portfolio Wealth Builders - Seeking Alpha

August 8, 2022 | globenewswire.com

BlueLinx to Participate in Jefferies Industrials Conference - GlobeNewswire

August 8, 2022 | finance.yahoo.com

BlueLinx to Participate in Jefferies Industrials Conference

August 6, 2022 | nasdaq.com

BlueLinx Holdings Inc. (NYSE:BXC) insiders sold US$3.8m worth of stock suggesting impending weakness.

August 3, 2022 | globenewswire.com

BlueLinx Announces Second Quarter 2022 Results - GlobeNewswire

August 3, 2022 | in.investing.com

Bluelinx Holdings Tops Q2 EPS by 95c By Investing.com - Investing.com India

August 3, 2022 | investing.com

Bluelinx Holdings Tops Q2 EPS by 95c By Investing.com - Investing.com

August 3, 2022 | finance.yahoo.com

BlueLinx Announces Second Quarter 2022 Results - Yahoo Finance

August 2, 2022 | seekingalpha.com

BlueLinx Holdings GAAP EPS of $7.48, revenue of $1.24B (NYSE:BXC) - Seeking Alpha

August 2, 2022 | uk.investing.com

Bluelinx Holdings Tops Q2 EPS by 95c By Investing.com - Investing.com UK

August 2, 2022 | finance.yahoo.com

BlueLinx Announces Second Quarter 2022 Results

July 31, 2022 | finance.yahoo.com

Should You Think About Buying BlueLinx Holdings Inc. (NYSE:BXC) Now?

July 22, 2022 | investors.com

Stocks To Watch Ahead Of Earnings: Beacon Roofing Supply - Investor's Business Daily

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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BXC Company Calendar

Last Earnings: 8/02/2022
Today: 10/01/2022
Next Earnings (Estimated): 11/01/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Lumber, plywood, & millwork
Sub-Industry: Trading Companies & Distributors
Sector: Construction
Current Symbol: NYSE:BXC
CUSIP: 09624H10
CIK: 1301787
Web: www.bluelinxco.com
Phone: (770) 953-7000
Fax: 770-221-8902
Employees: 2,055
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $104.75
High Stock Price Forecast: $127.00
Low Stock Price Forecast: $75.00
Forecasted Upside/Downside: +68.7%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $32.71
Trailing P/E Ratio: 1.90
Forward P/E Ratio: 2.12
P/E Growth: N/A
Net Income: $296.13 million
Net Margins: 7.26%
Pretax Margin: 9.70%
Return on Equity: 79.52%
Return on Assets: 23.40%

Debt

Debt-to-Equity Ratio: 1.11
Current Ratio: 3.73
Quick Ratio: 1.84

Sales & Book Value

Annual Sales: $4.28 billion
Price / Sales: 0.14
Cash Flow: $33.75 per share
Price / Cash Flow: 1.84
Book Value: $37.42 per share
Price / Book: 1.66

Miscellaneous

Outstanding Shares: 9,660,000
Free Float: 9,214,000
Market Cap: $599.89 million
Optionable: Optionable
Beta: 1.87

Key Executives

Mr. Dwight Audley Konrad Gibson (Age 47)
Pres, CEO & Director
Comp: $1.43M

Ms. Kelly Cunningham Janzen (Age 49)
CFO, Treasurer & Sr. VP
Comp: $1.3M

Mr. Shyam K. Reddy (Age 47)
Sr. VP, Chief Legal & Sustainability Officer and Corp. Sec.
Comp: $1.27M

Mr. Mitchell B. Lewis (Age 60)
Director
Comp: $2.16M

Mr. Adam K. Bowen (Age 39)
VP & Chief Accounting Officer

Mr. Ryan A. Taylor (Age 45)
VP of Investor Relations & Treasury

Seth Freeman
VP of Marketing & Communications

Mr. Sean Dwyer
Chief Strategy & Corp. Devel. Officer

Mr. Kevin Alan Henry (Age 54)
Chief People Officer

Mr. Michael Wilson (Age 59)
Sr. VP of Product Management

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BXC Stock - Frequently Asked Questions

Should I buy or sell BlueLinx stock right now?: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BlueLinx in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BXC shares.
View BXC analyst ratings or view top-rated stocks.
What is BlueLinx's stock price forecast for 2022?: 5 brokerages have issued twelve-month target prices for BlueLinx's shares. Their BXC share price forecasts range from $75.00 to $127.00. On average, they anticipate the company's stock price to reach $104.75 in the next year. This suggests a possible upside of 68.7% from the stock's current price.
View analysts price targets for BXC or view top-rated stocks among Wall Street analysts.
How have BXC shares performed in 2022?: BlueLinx's stock was trading at $95.76 on January 1st, 2022. Since then, BXC stock has decreased by 35.2% and is now trading at $62.10.
View the best growth stocks for 2022 here.
When is BlueLinx's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our BXC earnings forecast.
How were BlueLinx's earnings last quarter?: BlueLinx Holdings Inc. (NYSE:BXC) posted its quarterly earnings data on Tuesday, August, 2nd. The construction company reported $7.48 earnings per share for the quarter, missing analysts' consensus estimates of $7.64 by $0.16. BlueLinx had a net margin of 7.26% and a trailing twelve-month return on equity of 79.52%. During the same period in the prior year, the company earned $11.61 earnings per share.
What is Mitch Lewis' approval rating as BlueLinx's CEO?: 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.

What other stocks do shareholders of BlueLinx own?: 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).
What is BlueLinx's stock symbol?: BlueLinx trades on the New York Stock Exchange (NYSE) under the ticker symbol "BXC."
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is BlueLinx's stock price today?: One share of BXC stock can currently be purchased for approximately $62.10.
How much money does BlueLinx make?: BlueLinx (NYSE:BXC) has a market capitalization of $599.76 million and generates $4.28 billion in revenue each year. The construction company earns $296.13 million in net income (profit) each year or $32.71 on an earnings per share basis.
How many employees does BlueLinx have?: The company employs 2,055 workers across the globe.
How can I contact BlueLinx?: 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.

This page (NYSE:BXC) was last updated on 10/1/2022 by MarketBeat.com Staff

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BlueLinx - BXC Stock Forecast, Price & News

BlueLinx MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month