QXO, Inc. $QXO Stake Lifted by Gainplan LLC

Gainplan LLC grew its stake in shares of QXO, Inc. (NYSE:QXO) by 390.2% during the third quarter, HoldingsChannel reports. The firm owned 502,025 shares of the company’s stock after buying an additional 399,605 shares during the period. QXO accounts for 3.5% of Gainplan LLC’s portfolio, making the stock its 7th largest position. Gainplan LLC’s holdings in QXO were worth $5,869,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fred Alger Management LLC increased its stake in QXO by 75.4% during the 4th quarter. Fred Alger Management LLC now owns 15,923,937 shares of the company’s stock valued at $307,173,000 after buying an additional 6,844,574 shares during the period. Finepoint Capital LP increased its position in shares of QXO by 30.7% during the 2nd quarter. Finepoint Capital LP now owns 18,113,850 shares of the company’s stock valued at $313,007,000 after purchasing an additional 4,255,435 shares during the period. Spyglass Capital Management LLC bought a new stake in shares of QXO in the 2nd quarter worth $62,961,000. Bank of New York Mellon Corp bought a new stake in shares of QXO in the 2nd quarter worth $44,919,000. Finally, Consulta Ltd raised its stake in shares of QXO by 33.3% in the 4th quarter. Consulta Ltd now owns 10,000,000 shares of the company’s stock worth $192,900,000 after buying an additional 2,500,000 shares in the last quarter. 58.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on QXO. Benchmark reaffirmed a “buy” rating on shares of QXO in a report on Friday, August 14th. Melius Research began coverage on shares of QXO in a research report on Tuesday. They set a “buy” rating and a $17.00 price objective for the company. Wall Street Zen raised shares of QXO from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 25th. Weiss Ratings restated a “sell (d)” rating on shares of QXO in a research report on Wednesday, August 26th. Finally, Royal Bank Of Canada dropped their price target on QXO from $27.00 to $18.00 and set an “outperform” rating on the stock in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.79.

Key Stories Impacting QXO

Here are the key news stories impacting QXO this week:

• Positive Sentiment: Royal Bank of Canada maintained an Outperform rating despite lowering its price target to $18 from $27, implying substantial upside from recent levels. RBC Adjusts Price Target on QXO to $18 From $27, Maintains Outperform Rating
• Positive Sentiment: Institutional ownership data showed more investors adding than reducing QXO positions in the latest quarter, including sizable additions by Baillie Gifford, BlackRock, UBS, Morgan Stanley, and other investment firms. This may signal continued long-term institutional interest, although it has not offset near-term selling pressure.
• Neutral Sentiment: Truist reduced its price target to $15 from $26 but retained a Buy rating, indicating that the firm remains constructive on QXO’s longer-term prospects while lowering its near-term valuation expectations. Truist Cuts Price Target on QXO to $15 From $26, Keeps Buy Rating
• Negative Sentiment: QXO hit fresh 52-week lows as soft residential roofing demand pressured expectations for sales, margins, and near-term operating performance. QXO Hits Fresh 52-Week Lows on Soft Residential Roofing Demand
• Negative Sentiment: RBC’s target reduction to $18 contributed to a sharp selloff, reflecting concerns about weaker building-products demand in 2027 and the sector’s exposure to housing and construction cycles. Stock Market Today: QXO Falls on RBC Price-Target Cut
• Negative Sentiment: Investors remain concerned about integrating QXO’s large acquisitions, including TopBuild, and about the company’s ability to generate expected synergies while managing its expanded balance sheet. These execution risks are weighing on confidence in QXO’s acquisition-driven growth strategy. QXO Falls as Sector Caution and Integration Concerns Weigh on Shares

QXO Price Performance

Shares of NYSE:QXO opened at $11.14 on Friday. QXO, Inc. has a 12-month low of $10.77 and a 12-month high of $27.61. The company has a market cap of $11.55 billion, a P/E ratio of -12.37, a price-to-earnings-growth ratio of 2.06 and a beta of 2.30. The company has a quick ratio of 3.29, a current ratio of 4.11 and a debt-to-equity ratio of 0.66. The company’s fifty day moving average is $13.18 and its two-hundred day moving average is $16.10.

QXO (NYSE:QXO) last issued its earnings results on Thursday, August 13th. The company reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. QXO had a positive return on equity of 2.41% and a negative net margin of 5.17%.The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.18 billion. Equities analysts expect that QXO, Inc. will post 0.28 earnings per share for the current fiscal year.

QXO Company Profile

QXO, Inc is a building products distribution company focused on supplying contractors and other construction professionals. Its product portfolio includes roofing materials, siding, windows, waterproofing products and related exterior building supplies. The company serves residential and commercial construction and repair markets through branch locations, distribution centers and digital ordering channels.

QXO operates through Beacon, a major distributor of roofing and complementary building products in the United States and Canada.