QXO, Inc. $QXO Shares Acquired by Gainplan LLC

Gainplan LLC increased its holdings in QXO, Inc. (NYSE:QXO) by 390.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 502,025 shares of the company’s stock after buying an additional 399,605 shares during the period. QXO comprises about 3.5% of Gainplan LLC’s holdings, 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.

A number of other large investors have also recently added to or reduced their stakes in QXO. Root Financial Partners LLC raised its position in QXO by 73,350.0% during the first quarter. Root Financial Partners LLC now owns 1,469 shares of the company’s stock worth $29,000 after acquiring an additional 1,467 shares during the last quarter. NFSG Corp lifted its holdings in shares of QXO by 39.6% in the first quarter. NFSG Corp now owns 2,198 shares of the company’s stock valued at $43,000 after purchasing an additional 623 shares in the last quarter. Whipplewood Advisors LLC grew its position in shares of QXO by 12,604.8% in the first quarter. Whipplewood Advisors LLC now owns 2,668 shares of the company’s stock valued at $52,000 after purchasing an additional 2,647 shares during the last quarter. CoreCap Advisors LLC acquired a new stake in shares of QXO in the third quarter valued at approximately $41,000. Finally, Capital Analysts LLC increased its stake in shares of QXO by 116.2% during the 2nd quarter. Capital Analysts LLC now owns 3,544 shares of the company’s stock worth $61,000 after purchasing an additional 1,905 shares in the last quarter. 58.68% of the stock is owned by institutional investors and hedge funds.

QXO Price Performance

QXO stock opened at $11.14 on Friday. QXO, Inc. has a 1 year low of $10.77 and a 1 year high of $27.61. The firm has a 50 day moving average price of $13.18 and a 200 day moving average price of $16.10. The company has a market cap of $11.55 billion, a price-to-earnings ratio of -12.37, a PEG ratio of 2.06 and a beta of 2.30. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.29 and a current ratio of 4.11.

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

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Wall Street Zen upgraded QXO from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 25th. Benchmark reiterated a “buy” rating on shares of QXO in a report on Friday, August 14th. KeyCorp dropped their price target on QXO from $32.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday, July 1st. Wells Fargo & Company set a $18.00 price objective on QXO in a research report on Tuesday, July 28th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of QXO in a research note on Wednesday, August 26th. 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 issued a Sell rating to the company’s stock. According to MarketBeat, QXO currently has an average rating of “Moderate Buy” and an average price target of $25.79.

QXO News Roundup

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 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.