Fred Alger Management Adds $115M in QXO, Inc. ($QXO)
Key Points
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Fred Alger Management increased its position in QXO, Inc. ($QXO) by 40.70% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,404,712 shares of QXO, Inc. after buying 6,480,775 shares during the quarter. Fred Alger Management's holdings in QXO, Inc. were worth $399.25 million as of its most recent filing.
QXO, Inc. Stock Up 31.8%
Shares of QXO, Inc. ($QXO) traded around $17.82 on Saturday, up 31.8% for the day.
QXO, Inc. Earnings
Analysts Set New Price Targets
About QXO, Inc.
QXO, Inc. distributes roofing, waterproofing and complementary building products in the United States and Canada. It offers roofing and siding materials for residential construction, such as asphalt shingles, metal roofing, wood roofing, tile roofing, slate roofing, roofing accessories, and roofing insulation; and siding materials, including vinyl siding aluminum siding, steel siding, fiber cement siding, wood and composite siding, trim and accessories, and gutters and accessories. The company also provides commercial roofing and siding products built-up roofing, modified roofing, EPDM roofing, PVC roofing, low-slope metal roofing TPO roofing, and commercial accessories; commercial waterproofing, concrete restoration and parking, public works, DOT and industrial, fire protection, wall systems, and safety and tools, as well as glass, glazing, and fenestration. In addition, it offers building materials; exterior and interior materials; and tools and equipment. The company provides its products under Atlas, Carlisle, CertainTeed, Elevate, Exterior Portfolio, GAF, IKO, James Hardie, LP SmartSide, Owens Corning, Royal, Tamko, TRI-BUILT, and Velux brands. It serves professional contractors, home builders, building owners, lumberyards, and retailers. The company was formerly known as SilverSun Technologies, Inc. and changed its name to QXO, Inc. in June 2024. QXO, Inc. is headquartered in Greenwich, Connecticut.
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