QXO, Inc. $QXO Stock Sold by Galvin Gaustad & Stein LLC

Key Points

• Galvin Gaustad & Stein LLC cut its QXO stake by 22.1% in the third quarter, selling 105,346 shares and retaining 372,283 shares valued at approximately $4.35 million. Institutional investors collectively own 58.68% of QXO.
• QXO shares opened at $11.14, near their 52-week low of $10.77 and well below the 52-week high of $27.61. The company reported quarterly revenue of $3.25 billion and earnings of $0.08 per share, matching analysts’ expectations.
• Analysts maintain a generally positive outlook, with QXO receiving a consensus “Moderate Buy” rating and an average price target of $25.79. However, multiple firms recently lowered their targets amid concerns over weak residential roofing demand, acquisition integration, and execution risks.

Galvin Gaustad & Stein LLC lowered its stake in QXO, Inc. (NYSE:QXO - Free Report) by 22.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 372,283 shares of the company's stock after selling 105,346 shares during the quarter. Galvin Gaustad & Stein LLC's holdings in QXO were worth $4,352,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QXO. Root Financial Partners LLC lifted its position in shares of 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 purchasing an additional 1,467 shares in the last quarter. CoreCap Advisors LLC acquired a new position in QXO in the 3rd quarter worth $41,000. Versant Capital Management Inc boosted its position in QXO by 718.7% in the 3rd quarter. Versant Capital Management Inc now owns 3,635 shares of the company's stock valued at $42,000 after buying an additional 3,191 shares during the last quarter. NFSG Corp lifted 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 acquiring an additional 623 shares in the last quarter. Finally, Whipplewood Advisors LLC lifted its stake 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 worth $52,000 after acquiring an additional 2,647 shares in the last quarter. Hedge funds and other institutional investors own 58.68% of the company's stock.

QXO Stock Performance

Shares of QXO stock 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. QXO, Inc. has a one year low of $10.77 and a one year high of $27.61. The company's 50-day simple moving average is $13.18 and its 200-day simple moving average is $16.10. 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 - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.08 earnings per share 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 firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.18 billion. Equities analysts anticipate that QXO, Inc. will post 0.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on QXO. Wells Fargo & Company set a $18.00 price target on QXO in a report on Tuesday, July 28th. Melius Research started coverage on QXO in a research report on Tuesday. They issued a "buy" rating and a $17.00 target price on the stock. Wall Street Zen upgraded QXO from a "strong sell" rating to a "sell" rating in a research note on Saturday, July 25th. Weiss Ratings reiterated a "sell (d)" rating on shares of QXO in a research note on Wednesday, August 26th. Finally, Citigroup decreased their price target on shares of QXO from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, July 13th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, QXO currently has a consensus rating of "Moderate Buy" and an average price target 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

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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