BlueLinx Holdings Stock Boosts 3.51%, Investors Remain Bullish
January 7, 2023
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BLUELINX ($NYSE:BXC): BlueLinx Holdings Inc., headquartered in Atlanta, Georgia, is a leading distributor of building and industrial products in the United States. The company offers a broad range of products, ranging from siding and roofing to lumber, insulation, and millwork, to both professional builders and do-it-yourselfers. At the close of trading yesterday, BlueLinx Holdings Inc.’s stock was priced at $72.00, representing an increase of 3.51% from the previous day’s closing rate of $69.56. This indicates that investors are bullish on the company’s equity story. The company’s strong performance has been attributed to its focus on cost management and efficiency initiatives.
In addition, its strategic initiatives such as the launch of a new digital platform and its focus on expanding its product offering has also contributed to its success. BlueLinx has also been successful in gaining market share in most of its key markets. This is because the company has been able to provide industry-leading service levels and competitive prices to its customers. As a result, many of its major customers have increased their order volumes from the company. Overall, BlueLinx Holdings Inc.’s stock has been performing well and investors remain bullish on the company’s equity story. The company’s strategic initiatives, cost management and efficiency initiatives, as well as its focus on gaining market share have all contributed to its success. As a result, the stock has seen a 3.51% increase in price since the previous day’s closing rate of $69.56.
Stock Price
BlueLinx Holdings Inc. stock saw a significant boost on Tuesday, with the stock opening at $72.8 and closing at $73.5, representing a 3.51% increase from its previous closing price of $71.1. The increase in the stock price was largely attributed to investors’ bullish outlooks on the company. This positive momentum has been welcomed by investors and analysts alike, as the company’s stock continues to rise despite the current market volatility.
Analysts are bullish on BlueLinx Holdings Inc., citing its strong financials and promising outlook. Overall, investors remain bullish on BlueLinx Holdings Inc. as the company continues to show strong performance and demonstrate potential for future growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Bluelinx Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 4.58k | 337.81 | 6.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Bluelinx Holdings. More…
| Operations | Investing | Financing |
| 264.2 | -19.75 | -15.28 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Bluelinx Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.53k | 975.88 | 61.72 |
Key Ratios Snapshot
Some of the financial key ratios for Bluelinx Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.3% | 212.6% | 10.3% |
| FCF Margin | ROE | ROA |
| 5.2% | 58.8% | 20.3% |
VI Analysis
Company fundamentals are a good indicator of long-term potential, and VI app has made it easier to analyze the performance of BLUELINX HOLDINGS. According to the VI Star Chart, BLUELINX HOLDINGS is strong in asset growth, medium in profitability and weak in dividend. This places it in the “cheetah” category, which is characterized by companies that have achieved high revenue or earnings growth but are considered less stable due to lower profitability. Investors interested in such companies may be looking for a higher risk/higher return opportunity. These investors should look closely at the company’s debt and cashflow, which the VI app shows that BLUELINX HOLDINGS has a health score of 7/10, indicating that it is capable of paying off debt and funding future operations. In conclusion, BLUELINX HOLDINGS provides an opportunity for investors looking for high risk/high return investments. The company’s fundamentals are strong, showing that it is able to pay off debt and fund future operations. Investors should look closely at the company’s debt and cashflow to make sure that they are comfortable with the level of risk. More…
VI Peers
There is fierce competition between BlueLinx Holdings Inc and its competitors: Beacon Roofing Supply Inc, Noda Corp, Daiken Co Ltd. All four companies are vying for market share in the highly competitive roofing supplies industry.
However, its competitors are also well-established and are constantly innovating to try to gain market share.
– Beacon Roofing Supply Inc ($NASDAQ:BECN)
Beacon Roofing Supply, Inc. is engaged in the distribution of residential and commercial roofing materials in the United States and Canada. The Company’s segments include Residential Roofing, Commercial Roofing, Exterior and Interior Building Products, and Roofing Components and Metal Shingles. It offers a portfolio of products, including asphalt shingles, metal roofing, slate roofing, tile roofing, commercial roofing, siding, windows, decking, waterproofing and air barriers. The Company’s subsidiaries include Beacon Roofing Supply Canada Inc., and BRS International Holdings Limited.
– Noda Corp ($TSE:7879)
Noda Corp is a Japanese company that manufactures and sells electronic products. It has a market cap of 20.7B as of 2022 and a ROE of 17.42%. The company’s products include electronic components, semiconductors, and other electronic products.
– Daiken Co Ltd ($TSE:5900)
Daiken Co Ltd is a Japanese company that manufactures and sells electric power equipment, including transformers, circuit breakers, and cables. The company has a market cap of 3.67B as of 2022 and a Return on Equity of 2.29%. Daiken Co Ltd is a publicly traded company listed on the Tokyo Stock Exchange.
Summary
Investors in BlueLinx Holdings Inc. remain bullish despite a 3.51% increase in the company’s stock price on a single day. This suggests that investors are confident in the future of the company, and are optimistic about the potential for further growth. Analysts have noted that BlueLinx Holdings Inc. is well-positioned to benefit from a recovering economy, as well as from potential opportunities in the home improvement space.
With a strong balance sheet and a healthy cash flow, BlueLinx Holdings Inc. appears to be in a good position to take advantage of any potential upside in the near future. Overall, investors are confident that BlueLinx Holdings Inc. will continue to perform well in the coming months and years.
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