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Ferguson Enterprises Inc. - FERG STOCK NEWS

Welcome to our dedicated page for Ferguson Enterprises news (Ticker: FERG), a resource for investors and traders seeking the latest updates and insights on Ferguson Enterprises stock.

Ferguson plc (formerly Wolseley plc) is a leading multinational distributor of plumbing and heating products, headquartered in Wokingham, England. With a strong presence in the United States, the company operates under the brand name Ferguson Enterprises in North America.

Ferguson primarily supplies products for plumbing, HVAC, and other building services, catering to markets like repair, maintenance, improvement, new construction, and civil infrastructure. It serves over 1 million customers and sources its extensive range of products from 37,000 suppliers.

The company engages its clientele through approximately 1,700 North American branches, telephone services, online platforms, and residential showrooms. In fiscal 2023, Ferguson reported nearly $30 billion in sales, with 95% of its revenue generated in the United States.

Recognized by Modern Distribution Management as North America's largest industrial and construction distributor, Ferguson has sold its UK business in 2021 to focus solely on the North American market.

Ferguson continues to achieve significant milestones and forge strategic partnerships, continuously enhancing its product offerings and market reach. The company's focus on customer-centric services and innovative solutions positions it as a key player in the industry.

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Ferguson plc has filed a Form 8-K with the U.S. Securities and Exchange Commission on April 20, 2023, detailing important corporate developments. This filing is accessible on the SEC's website and Ferguson's SEC filings page. Ferguson is a prominent distributor in North America, specializing in products related to infrastructure, plumbing, HVAC, and more, aiming to simplify complex projects for its customers. The company manages operations from Newport News, Virginia, while headquartered in the U.K. Investors seeking further details can contact Ferguson's investor relations representatives.

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Ferguson plc (NYSE:FERG) announced a significant share repurchase activity between April 11 and April 14, 2023, as part of its $2.5 billion share repurchase program. During this period, the company purchased 78,493 ordinary shares. Here are the details of the share purchases:

  • April 11: 20,034 shares at an average price of $101.36.
  • April 12: 25,000 shares at an average price of $101.85.
  • April 13: 24,391 shares at an average price of $101.63.
  • April 14: 9,068 shares at an average price of $103.72.

Following these transactions, the total number of shares held in treasury will be 27,042,140, leaving 205,129,042 ordinary shares in issue. This information will be relevant for shareholders regarding their interests in the company under the Disclosure Guidance and Transparency Rules.

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Ferguson PLC has declared a quarterly dividend of $0.75 per share, to be paid on May 5, 2023. Shareholders have the option to receive dividends in US dollars or pounds sterling, with the currency election deadline set on April 5, 2023. For those opting for GBP, the dividend amount will convert to £0.59 per share based on an exchange rate of 1.2516.

Shareholders must have been registered by 8:00 PM ET on March 17, 2023 to qualify for the dividend. All relevant details have been proactively communicated to stakeholders.

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Ferguson plc has announced the notification of share transactions by persons discharging managerial responsibilities (PDMRs) as mandated by the EU Market Abuse Regulation. The transactions involve the grant of share options under the Ferguson Group Employee Share Purchase Plan 2021. Key details include:

  • Transaction date: April 5, 2023
  • Instrument: Ordinary Shares of 10p each (ISIN: JE00BJVNSS43)
  • Price per share: $105.90
  • Volume: 84 shares
  • Total transaction value: $8,895.60

The notifications detail transactions from multiple PDMRs, including the Chief Executive Officer, Chief Financial Officer, Chief Legal Officer, Chief Marketing Officer, and others.

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Ferguson plc has executed a total repurchase of 140,000 ordinary shares from April 3 to April 6, 2023, as part of its ongoing $2.5 billion share repurchase program. The purchases included:

  • April 3: 25,000 shares at $107.45
  • April 4: 40,000 shares at $103.55
  • April 5: 45,000 shares at $101.00
  • April 6: 30,000 shares at $99.30

The total shares held in treasury is now 26,963,647, while the remaining ordinary shares in circulation stand at 205,207,535. This information will be crucial for shareholders in calculating their interests according to Disclosure Guidance and Transparency Rules.

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Ferguson plc (NYSE:FERG) reported the purchase of 109,435 ordinary shares between March 27 and March 31, 2023, as part of its $2.5 billion share repurchase program. The share buybacks were executed in the London Stock Exchange (XLON) at an average purchase price of approximately $106.50 per share. Following these transactions, Ferguson holds 26,823,647 shares in treasury, with a total of 205,347,535 ordinary shares remaining in issue. Shareholders should use this figure for notifying any interest changes under the Disclosure Guidance and Transparency Rules.

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Ferguson PLC announced its capital structure details as of March 31, 2023. The company has issued a total of 232,171,182 ordinary shares of 10 pence each. Out of these, 26,823,647 shares are held in treasury, resulting in 205,347,535 total voting rights available to shareholders. This notification complies with DTR 5.6.1 regulations, serving as a guideline for shareholders to assess their voting interest within the company's framework. The information is essential for any potential changes in shareholder interest that require notification under the FCA's rules and the company's articles.

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On March 28, 2023, Higharc announced a strategic investment from Ferguson Ventures and Starwood Capital Group, aimed at accelerating the adoption of its intelligent homebuilding platform among U.S. homebuilders. This funding, part of a push to enhance the integration of Ferguson's products into home designs, brings Higharc's total capital raised to over $30 million. The investment is expected to streamline design and purchasing processes, improve community opening speeds, and support the construction of homes more affordably. Higharc, founded in 2018, has already aided in designing and constructing 38 communities across the nation.

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Ferguson plc (NYSE:FERG) has announced the purchase of 116,702 ordinary shares as part of its $2.5 billion share repurchase program from March 20 to March 24, 2023. The shares were acquired across five trading days with a total volume of 116,702 shares and a daily weighted average purchase price ranging from $104.70 to $108.75. Post-purchase, Ferguson holds 26,714,212 shares in treasury, leaving 205,456,970 ordinary shares in circulation. This transaction aligns with the company's strategy to manage its capital effectively.

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Ferguson plc has reported a significant transaction involving its Non-Executive Director, James Metcalf. On March 21, 2023, Metcalf purchased 4,000 ordinary shares at a price of $133.6523 each, totaling $534,609.24. This transaction complies with the EU Market Abuse Regulation, part of UK law. Metcalf's initial notification emphasizes his confidence in the company as he increases his stake. The shares are listed on the New York Stock Exchange and have an ISIN of JE00BJVNSS43.

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FAQ

What is the current stock price of Ferguson Enterprises (FERG)?

The current stock price of Ferguson Enterprises (FERG) is $169.75 as of January 10, 2025.

What is the market cap of Ferguson Enterprises (FERG)?

The market cap of Ferguson Enterprises (FERG) is approximately 34.1B.

What is Ferguson plc?

Ferguson plc is a British-American multinational distributor of plumbing and heating products.

Where is Ferguson plc headquartered?

Ferguson plc is headquartered in Wokingham, England.

What brands operate under Ferguson plc?

In North America, the company operates under the brand name Ferguson Enterprises.

What markets does Ferguson serve?

Ferguson serves markets including repair, maintenance, improvement, new construction, and civil infrastructure.

How many customers does Ferguson have?

Ferguson serves over 1 million customers.

How many suppliers does Ferguson source from?

Ferguson sources products from 37,000 suppliers.

How does Ferguson engage its customers?

Ferguson engages customers through 1,700 branches, telephone, online platforms, and residential showrooms.

What were Ferguson's sales figures for fiscal 2023?

Ferguson reported nearly $30 billion in sales for fiscal 2023.

What percentage of Ferguson's sales are generated in the United States?

95% of Ferguson's sales are generated in the United States.

What significant change did Ferguson make in 2021?

Ferguson sold its UK business in 2021 to focus solely on the North American market.
Ferguson Enterprises Inc.

NYSE:FERG

FERG Rankings

FERG Stock Data

34.07B
195.00M
2.43%
90.42%
1.28%
Industrial Distribution
Wholesale-hardware & Plumbing & Heating Equipment & Supplies
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United States of America
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