Mitchell Lewis, Director of BlueLinx Holdings Inc (NYSE:BXC), has sold 5,352 shares of the company on March 15, 2024, according to a recent SEC Filing. The transaction was executed at an average price of $116.33 per share, resulting in a total value of $622,496.16.
BlueLinx Holdings Inc is a leading distributor of building and industrial products in the United States. The company operates through a broad network of distribution centers, offering a comprehensive range of products such as plywood, lumber, roofing, and insulation materials to service the needs of customers in the construction and renovation sectors.
Over the past year, Mitchell Lewis has sold a total of 77,156 shares of BlueLinx Holdings Inc and has not made any purchases of the stock. The insider's recent sale contributes to a pattern observed over the last year, where there have been 9 insider sells and no insider buys.
On the valuation front, BlueLinx Holdings Inc (NYSE:BXC) has a market cap of $1.006 billion as of the last trading price of $116.33. The company's price-earnings ratio stands at 21.69, which is above both the industry median of 13.56 and the company's historical median price-earnings ratio.
The stock's price relative to the GuruFocus Value (GF Value) indicates that BlueLinx Holdings Inc is significantly overvalued. With a current price of $116.33 and a GF Value of $58.01, the price-to-GF-Value ratio is 2.01.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates provided by Morningstar analysts.
The insider's recent transaction may provide investors with an insight into the company's valuation and insider sentiment. However, it is important for investors to consider a wide range of factors, including market conditions, company performance, and industry trends, when evaluating the significance of insider transactions.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
