Bluelinx Holdings Stock Today

BXC Stock  USD 130.24  1.95  1.52%   

Performance

9 of 100

 
Low
 
High
OK

Odds Of Distress

Less than 9

 
100  
 
Zero
Low
BlueLinx Holdings is trading at 130.24 as of the 29th of March 2024, a 1.52 percent up since the beginning of the trading day. The stock's open price was 128.29. BlueLinx Holdings has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for BlueLinx Holdings are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of February 2024 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain
Capital Goods
IPO Date
14th of December 2004
Category
Industrials
BlueLinx Holdings Inc., together with its subsidiaries, distributes residential and commercial building products in the United States. BlueLinx Holdings Inc. was incorporated in 2004 and is headquartered in Marietta, Georgia. Bluelinx Holdings operates under Building Products Equipment classification in the United States and is traded on New York Stock Exchange. The company has 8.65 M outstanding shares of which 259.4 K shares are currently shorted by investors with about 3.18 days to cover. More on BlueLinx Holdings

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BlueLinx Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. BlueLinx Holdings' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding BlueLinx Holdings or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
President CEOShyam Reddy
Thematic IdeaWholesale (View all Themes)
Business ConcentrationTrading Companies & Distributors, Industrial Distribution, Industrials, NYSE Composite, Wholesale, Industrials, Trading Companies & Distributors, Building Products & Equipment, Industrials (View all Sectors)
Average Analyst Recommendation
Analysts covering BlueLinx Holdings report their recommendations after researching BlueLinx Holdings' financial statements, talking to executives and customers, or listening in on BlueLinx Holdings' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering BlueLinx Holdings. The BlueLinx consensus assessment is calculated by taking the average forecast from all of the analysts covering BlueLinx Holdings.
BlueLinx Holdings' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to BlueLinx Holdings' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
BlueLinx Holdings' bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of BlueLinx Holdings' outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand BlueLinx Holdings' financial leverage. It provides some insight into what part of BlueLinx Holdings' total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on BlueLinx Holdings' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how BlueLinx Holdings deploys its capital and how much of that capital is borrowed.
Liquidity
BlueLinx Holdings cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 617.97 M in debt with debt to equity (D/E) ratio of 1.22, which is OK given its current industry classification. BlueLinx Holdings has a current ratio of 3.66, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist BlueLinx Holdings until it has trouble settling it off, either with new capital or with free cash flow. So, BlueLinx Holdings' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like BlueLinx Holdings sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for BlueLinx to invest in growth at high rates of return. When we think about BlueLinx Holdings' use of debt, we should always consider it together with cash and equity.

Free Cash Flow

292.7 Million
BlueLinx Holdings (BXC) is traded on New York Stock Exchange in USA. It is located in 1950 Spectrum Circle, Marietta, GA, United States, 30067 and employs 1,980 people. BlueLinx Holdings is listed under Trading Companies & Distributors category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 1.11 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate BlueLinx Holdings's market, we take the total number of its shares issued and multiply it by BlueLinx Holdings's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. BlueLinx Holdings runs under Trading Companies & Distributors sector within Industrials industry. The entity has 8.65 M outstanding shares of which 259.4 K shares are currently shorted by investors with about 3.18 days to cover. BlueLinx Holdings has about 104.95 M in cash with 306.29 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 11.31.
Check BlueLinx Holdings Probability Of Bankruptcy
Ownership Allocation
The market capitalization of BlueLinx Holdings is $1.11 Billion. The majority of BlueLinx Holdings outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in BlueLinx Holdings to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in BlueLinx Holdings. Please pay attention to any change in the institutional holdings of BlueLinx Holdings as this could imply that something significant has changed or is about to change at the company. Note, that even with substantial debt, if the true value of the firm is larger than the current market value, you may still be able to generate positive returns on investment in this company at some point.
Check BlueLinx Ownership Details

BlueLinx Stock Price Odds Analysis

What are BlueLinx Holdings' target price odds to finish over the current price? Based on a normal probability distribution, the odds of BlueLinx Holdings jumping above the current price in 90 days from now is about 1.9%. The BlueLinx Holdings probability density function shows the probability of BlueLinx Holdings stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 2.043 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, BlueLinx Holdings will likely underperform. Additionally, blueLinx Holdings has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 130.24HorizonTargetOdds Above 130.24
98.08%90 days
 130.24 
1.90%
Based on a normal probability distribution, the odds of BlueLinx Holdings to move above the current price in 90 days from now is about 1.9 (This BlueLinx Holdings probability density function shows the probability of BlueLinx Stock to fall within a particular range of prices over 90 days) .

BlueLinx Stock Institutional Holders

Institutional Holdings refers to the ownership stake in BlueLinx Holdings that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of BlueLinx Holdings' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing BlueLinx Holdings' value.
InstituionRecorded OnShares
Goldman Sachs Group Inc2023-12-31
170.2 K
Bridgeway Capital Management, Llc2023-12-31
142.7 K
Wellington Management Company Llp2023-12-31
140.1 K
Aqr Capital Management Llc2023-12-31
128.2 K
Mill Road Capital Management Llc2023-12-31
124.3 K
Towle & Co2023-12-31
117.7 K
Jpmorgan Chase & Co2023-12-31
99.8 K
Morgan Stanley - Brokerage Accounts2023-12-31
96.7 K
Arrowstreet Capital Limited Partnership2023-12-31
91.3 K
Blackrock Inc2023-12-31
936.9 K
Voss Capital Llc2023-12-31
645.1 K
View BlueLinx Holdings Diagnostics

BlueLinx Holdings Historical Income Statement

BlueLinx Holdings Income Statement is one of the three primary financial statements used for reporting BlueLinx's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of BlueLinx Holdings revenue and expense. BlueLinx Holdings Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, BlueLinx Holdings' Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Income Before Tax is expected to grow to about 86 M, whereas Selling General Administrative is forecasted to decline to about 227.1 M. View More Fundamentals

BlueLinx Stock Against Markets

Picking the right benchmark for BlueLinx Holdings stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in BlueLinx Holdings stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for BlueLinx Holdings is critical whether you are bullish or bearish towards BlueLinx Holdings at a given time. Please also check how BlueLinx Holdings' historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in BlueLinx Holdings without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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BlueLinx Holdings Corporate Directors

BlueLinx Holdings corporate directors refer to members of a BlueLinx Holdings board of directors. The board of directors generally takes responsibility for the BlueLinx Holdings' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of BlueLinx Holdings' board members must vote for the resolution. The BlueLinx Holdings board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Karel CzandernaIndependent DirectorProfile
Richard GrantIndependent DirectorProfile
Richard WarnerIndependent DirectorProfile
Ronald KolkaDirectorProfile

How to buy BlueLinx Stock?

Before investing in BlueLinx Holdings, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in BlueLinx Holdings. To buy BlueLinx Holdings stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of BlueLinx Holdings. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase BlueLinx Holdings stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located BlueLinx Holdings stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased BlueLinx Holdings stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as BlueLinx Holdings, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy BlueLinx Stock please use our How to Invest in BlueLinx Holdings guide.

Already Invested in BlueLinx Holdings?

The danger of trading BlueLinx Holdings is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of BlueLinx Holdings is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than BlueLinx Holdings. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile BlueLinx Holdings is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether BlueLinx Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of BlueLinx Holdings' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Bluelinx Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Bluelinx Holdings Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BlueLinx Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.
For information on how to trade BlueLinx Stock refer to our How to Trade BlueLinx Stock guide.
You can also try the CEOs Directory module to screen CEOs from public companies around the world.

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Is BlueLinx Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of BlueLinx Holdings. If investors know BlueLinx will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about BlueLinx Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.57)
Earnings Share
5.39
Revenue Per Share
348.991
Quarterly Revenue Growth
(0.16)
Return On Assets
0.0546
The market value of BlueLinx Holdings is measured differently than its book value, which is the value of BlueLinx that is recorded on the company's balance sheet. Investors also form their own opinion of BlueLinx Holdings' value that differs from its market value or its book value, called intrinsic value, which is BlueLinx Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BlueLinx Holdings' market value can be influenced by many factors that don't directly affect BlueLinx Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between BlueLinx Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if BlueLinx Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BlueLinx Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.