QXO, Inc. $QXO Shares Newly Acquired by Chapin Davis Inc.

Chapin Davis Inc. acquired a new stake in shares of QXO, Inc. (NYSE:QXO) during the third quarter, HoldingsChannel reports. The fund acquired 71,000 shares of the company’s stock, valued at approximately $830,000.

A number of other hedge funds also recently made changes to their positions in the stock. Red Door Wealth Management LLC increased its holdings in QXO by 3.9% in the 1st quarter. Red Door Wealth Management LLC now owns 15,982 shares of the company’s stock worth $310,000 after acquiring an additional 600 shares in the last quarter. Alamea Verwaltungs GmbH boosted its position in shares of QXO by 4.5% in the fourth quarter. Alamea Verwaltungs GmbH now owns 13,960 shares of the company’s stock worth $269,000 after purchasing an additional 602 shares during the period. NFSG Corp increased its stake in shares of QXO by 39.6% in the first quarter. NFSG Corp now owns 2,198 shares of the company’s stock worth $43,000 after purchasing an additional 623 shares in the last quarter. Strs Ohio raised its position in shares of QXO by 1.1% during the 1st quarter. Strs Ohio now owns 69,393 shares of the company’s stock valued at $1,348,000 after purchasing an additional 760 shares during the period. Finally, First Bank & Trust raised its position in shares of QXO by 7.3% during the 2nd quarter. First Bank & Trust now owns 15,047 shares of the company’s stock valued at $260,000 after purchasing an additional 1,026 shares during the period. 58.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

QXO has been the subject of a number of analyst reports. Royal Bank Of Canada cut their price target on QXO from $27.00 to $18.00 and set an “outperform” rating for the company in a research note on Wednesday. Morgan Stanley began coverage on QXO in a research report on Tuesday, August 4th. They set an “overweight” rating and a $35.00 target price for the company. DA Davidson assumed coverage on QXO in a research note on Monday, August 24th. They set a “buy” rating and a $26.00 target price on the stock. Wall Street Zen raised QXO from a “strong sell” rating to a “sell” rating in a report on Saturday, July 25th. Finally, Benchmark reaffirmed a “buy” rating on shares of QXO in a report on Friday, August 14th. Two 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 has an average rating of “Moderate Buy” and a consensus target price of $25.79.

QXO News Summary

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

NYSE:QXO opened at $11.14 on Friday. The business’s 50-day moving average is $13.18 and its 200 day moving average is $16.10. QXO, Inc. has a 12 month low of $10.77 and a 12 month high of $27.61. The company has a market capitalization of $11.55 billion, a P/E ratio of -12.37, a P/E/G ratio of 2.06 and a beta of 2.30. 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 (NYSE:QXO) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.18 billion. QXO had a positive return on equity of 2.41% and a negative net margin of 5.17%. On average, equities research analysts forecast 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.