99,100 QXO, Inc. $QXO Shares Purchased by Moody National Bank Trust Division

Key Points

• Moody National Bank Trust Division increased its QXO stake by 63.4% in the third quarter, purchasing 99,100 additional shares and bringing its holdings to 255,450 shares valued at approximately $2.99 million. Institutional investors collectively own 58.68% of QXO.
• QXO shares rose 1.9% to $12.11, though the stock remains well below its 52-week high of $27.61. The company reported quarterly revenue of $3.25 billion and adjusted earnings of $0.08 per share, matching analyst expectations.
• Analysts maintain a generally positive outlook, with QXO receiving a “Moderate Buy” consensus rating and an average price target of $27.21, substantially above its current trading price.

Moody National Bank Trust Division grew its position in shares of QXO, Inc. (NYSE:QXO - Free Report) by 63.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 255,450 shares of the company's stock after purchasing an additional 99,100 shares during the quarter. Moody National Bank Trust Division's holdings in QXO were worth $2,986,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of QXO. Root Financial Partners LLC boosted its stake in QXO by 73,350.0% during the first quarter. Root Financial Partners LLC now owns 1,469 shares of the company's stock valued at $29,000 after buying an additional 1,467 shares in the last quarter. NFSG Corp raised its position in QXO by 39.6% in the first quarter. NFSG Corp now owns 2,198 shares of the company's stock worth $43,000 after acquiring an additional 623 shares in the last quarter. Whipplewood Advisors LLC lifted its holdings in QXO by 12,604.8% in the 1st quarter. Whipplewood Advisors LLC now owns 2,668 shares of the company's stock valued at $52,000 after acquiring an additional 2,647 shares during the last quarter. Capital Analysts LLC lifted its holdings in QXO by 116.2% in the 2nd quarter. Capital Analysts LLC now owns 3,544 shares of the company's stock valued at $61,000 after acquiring an additional 1,905 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of QXO by 718.7% during the 3rd quarter. Versant Capital Management Inc now owns 3,635 shares of the company's stock valued at $42,000 after purchasing an additional 3,191 shares in the last quarter. Institutional investors own 58.68% of the company's stock.

QXO Trading Up 1.9%

Shares of QXO stock traded up $0.23 during trading on Tuesday, hitting $12.11. The stock had a trading volume of 23,046,062 shares, compared to its average volume of 15,810,950. QXO, Inc. has a 1 year low of $11.14 and a 1 year high of $27.61. The stock has a 50 day simple moving average of $13.31 and a 200 day simple moving average of $16.27. 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 has a market capitalization of $12.56 billion, a PE ratio of -13.45, a P/E/G ratio of 2.19 and a beta of 2.30.

QXO (NYSE:QXO - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.08 EPS for the quarter, meeting 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 business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.18 billion. On average, research analysts expect that QXO, Inc. will post 0.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on QXO shares. Morgan Stanley assumed coverage on shares of QXO in a report on Tuesday, August 4th. They issued an "overweight" rating and a $35.00 target price on the stock. Wall Street Zen upgraded shares of QXO from a "strong sell" rating to a "sell" rating in a report on Saturday, July 25th. Wells Fargo & Company set a $18.00 price target on shares of QXO in a research report on Tuesday, July 28th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $27.00 price target on shares of QXO in a report on Friday, July 10th. Finally, Benchmark reiterated a "buy" rating on shares of QXO in a research report on Friday, August 14th. 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 data from MarketBeat.com, QXO presently has an average rating of "Moderate Buy" and an average price target of $27.21.

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.

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