71,000 Shares of QXO, Inc. $QXO Purchased by Chapin Davis Inc.

Chapin Davis Inc. acquired a new position in shares of QXO, Inc. (NYSE:QXO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 71,000 shares of the company’s stock, valued at approximately $830,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Finepoint Capital LP boosted its position in shares of QXO by 30.7% in the 2nd quarter. Finepoint Capital LP now owns 18,113,850 shares of the company’s stock worth $313,007,000 after purchasing an additional 4,255,435 shares in the last quarter. Fred Alger Management LLC raised its stake in QXO by 75.4% during the fourth 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 last quarter. Consulta Ltd boosted its holdings in QXO by 33.3% in the fourth quarter. Consulta Ltd now owns 10,000,000 shares of the company’s stock worth $192,900,000 after acquiring an additional 2,500,000 shares in the last quarter. Spyglass Capital Management LLC purchased a new stake in shares of QXO in the second quarter worth $62,961,000. Finally, CI Investments Inc. increased its holdings in shares of QXO by 4.1% during 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. Institutional investors own 58.68% of the company’s stock.

QXO Trading Down 1.5%

Shares of NYSE:QXO opened at $11.14 on Friday. The stock has a market capitalization 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. The stock’s 50-day simple moving average is $13.18 and its two-hundred day simple moving average is $16.10. QXO, Inc. has a 52-week low of $10.77 and a 52-week high of $27.61.

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

Wall Street Analyst Weigh In

Several brokerages recently commented on QXO. Royal Bank Of Canada cut their price objective on shares of QXO from $27.00 to $18.00 and set an “outperform” rating on the stock in a research report on Wednesday. KeyCorp lowered their price objective on QXO from $32.00 to $28.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 1st. Benchmark reiterated a “buy” rating on shares of QXO in a report on Friday, August 14th. DA Davidson started coverage on QXO in a research report on Monday, August 24th. They issued a “buy” rating and a $26.00 target price for the company. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of QXO in a report on Wednesday, August 26th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, QXO presently has an average rating of “Moderate Buy” and a consensus target price 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

About QXO

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.