RALEIGH, N.C., Sept. 30, 2013 (GLOBE NEWSWIRE) -- Stock Building Supply Holdings, Inc. (Nasdaq:STCK) a large, diversified lumber and building materials distributor and solutions provider that sells primarily to new construction and repair and remodeling contractors, today announced that the company was added as a member of the U.S. small-cap Russell 2000® Index after the equity markets closed on September 30, 2013 as Russell Investments reconstituted its comprehensive family of global indexes.
Membership in the Russell 2000 remains in place for one year and is based on membership in the broad-market Russell 3000® Index. The stock also was added systematically to the appropriate growth and value indexes.
The Russell 3000 also serves as the U.S. component to the Russell Global Index, which Russell launched in 2007. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. Approximately $4.1 trillion in assets currently are benchmarked to them. Real-time market analysis on the Russell 2000 and other Russell Indexes is available at http://www.russell.com/indexes/data/US_Equity/Russell_US_Index_returns.asp.
About Stock Building Supply
Stock Building Supply operates in 20 metropolitan areas in 13 states primarily in the South and West regions of the United States. Today we serve our customers from 66 strategically located facilities. We offer over 39,000 products including lumber and lumber sheet goods, millwork, doors, flooring, windows, structural components, engineered wood products, trusses, wall panels and other exterior products. Our customer base includes production homebuilders, custom homebuilders and repair and remodeling contractors.
CONTACT: Investor Relations Contact Solebury Communications Group LLC Richard Zubek (919) 431-1133 or Media Contact Stock Building Supply Holdings, Inc. Bryan Yeazel Executive Vice President, Chief Administrative Officer & General Counsel (919) 431-1152
Source:Stock Building Supply Holdings, Inc.