242,127 QXO, Inc. $QXO Shares Purchased by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC boosted its position in QXO, Inc. (NYSE:QXO) by 206.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 359,607 shares of the company’s stock after acquiring an additional 242,127 shares during the quarter. Hohimer Wealth Management LLC’s holdings in QXO were worth $4,204,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Finepoint Capital LP grew its stake in shares of QXO by 30.7% during the second quarter. Finepoint Capital LP now owns 18,113,850 shares of the company’s stock valued at $313,007,000 after acquiring an additional 4,255,435 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its stake in shares of QXO by 25.9% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 5,703,964 shares of the company’s stock worth $66,679,000 after buying an additional 1,173,274 shares during the last quarter. Spyglass Capital Management LLC acquired a new stake in QXO in the second quarter valued at $62,961,000. CI Investments Inc. raised its holdings in QXO by 4.1% in the first quarter. CI Investments Inc. now owns 2,598,840 shares of the company’s stock valued at $50,469,000 after acquiring an additional 102,838 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in QXO in the second quarter valued at $44,919,000. 58.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

QXO has been the topic of a number of research analyst reports. Benchmark reiterated a “buy” rating on shares of QXO in a research note on Friday, August 14th. Royal Bank Of Canada dropped their target price on shares of QXO from $27.00 to $18.00 and set an “outperform” rating for the company in a research report on Wednesday, October 7th. Wells Fargo & Company cut their target price on shares of QXO from $16.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday, October 16th. DA Davidson set a $20.00 target price on shares of QXO in a research note on Friday, October 9th. Finally, Citigroup reduced their price target on shares of QXO from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.77.

QXO Price Performance

Shares of QXO opened at $11.59 on Monday. The firm has a market cap of $12.02 billion, a price-to-earnings ratio of -12.87, a PEG ratio of 2.58 and a beta of 2.42. The stock has a 50 day moving average of $11.74 and a 200-day moving average of $17.02. The company has a current ratio of 4.11, a quick ratio of 3.29 and a debt-to-equity ratio of 0.66. QXO, Inc. has a 52 week low of $10.03 and a 52 week high of $27.61.

QXO (NYSE:QXO) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. QXO had a positive return on equity of 2.41% and a negative net margin of 5.17%. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.18 billion. As a group, analysts forecast that QXO, Inc. will post 0.22 EPS for the current year.

QXO Profile

QXO, Inc is a distributor of building products serving contractors and other customers in the construction industry. Its offerings include roofing materials, waterproofing products and complementary building supplies for residential and commercial projects.

QXO expanded its business through its acquisition of Beacon Roofing Supply in 2025, bringing Beacon’s distribution network and product expertise into the company. Beacon serves customers across the United States and Canada.

QXO is led by Chairman and Chief Executive Officer Brad Jacobs, an entrepreneur whose previous leadership roles include executive positions at XPO and United Rentals.