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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 filed a Form S-8 with the U.S. Securities and Exchange Commission on December 2, 2022. The filing is accessible via the SEC's website and Ferguson's investor page. This form pertains to the registration of employee benefit plans, a standard procedure for public companies intending to offer stock options or similar financial incentives. Ferguson is a leading distributor in North America, focusing on infrastructure, plumbing, HVAC, and more. For further inquiries, contact their investor relations team.

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Ferguson plc filed a Form 8-K with the SEC on December 1, 2022. The filing, which is crucial for disclosing important corporate information, can be accessed via the SEC's website and Ferguson's investor relations page. Ferguson is a leading value-added distributor focusing on North America, offering a variety of solutions in infrastructure, plumbing, and HVAC, among others. The company aims to simplify complex projects for its customers. Further information on its operations can be found on the Ferguson website.

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BlackRock, Inc. announced a reduction in its voting rights in Ferguson PLC as it fell below the 5% threshold. The notification was made following the threshold breach on November 30, 2022, with the notification submitted on December 1, 2022. Previously, BlackRock held 7.38% of voting rights, now totaling below 5%. The major holdings were indicated through both direct and indirect voting rights, which include financial instruments like securities lending and CFDs. This change in holdings could influence shareholder dynamics and market perceptions.

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Ferguson PLC announced its total voting rights as of November 30, 2022. The company has an issued share capital of 232,171,182 ordinary shares of 10 pence each, with 24,516,283 shares held in treasury, resulting in total voting rights of 207,654,899. This number is crucial for shareholders to determine notification requirements under FCA’s rules. The voting rights of treasury shares are suspended.

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Ferguson plc announced that it will release its first quarter results on December 6, 2022. The results will be available on its website at www.fergusonplc.com starting at 6:45 a.m. EST/11:45 a.m. GMT. A webcast for analysts and investors will take place at 8:30 a.m. EST/1:30 p.m. GMT on the same day, with a slide presentation available 15 minutes prior to the event. An archived version will be accessible for 12 months post-event. Ferguson, a key distributor in North America, focuses on various infrastructure solutions.

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Ferguson plc announced the purchase of 124,977 ordinary shares between November 14 and November 18, 2022, as part of its $2.5 billion share repurchase program. The Company intended to hold these shares in treasury, increasing the total treasury shares to 24,305,732. After this transaction, the remaining ordinary shares in circulation will be 207,865,450. Shareholders can use this figure to determine notification obligations under the Disclosure Guidance and Transparency Rules.

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Ferguson plc has released its block listing six-monthly return for the period from May 1, 2022 to October 31, 2022. During this time, the balance of unallotted securities under the Ferguson Group International Sharesave Plan 2011 remains unchanged at 181,430 ordinary 10p shares. There were no increases in the scheme, and no securities were issued or allotted during this period. This report confirms the stability of the scheme without any new allocations or changes.

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Ferguson PLC has announced its issued share capital as of October 31, 2022, comprising 232,171,182 ordinary shares at 10 pence each. Of these, 24,069,674 treasury shares are suspended, resulting in total voting rights of 208,101,508 shares. This information is important for shareholders to determine their reporting obligations under the FCA's Disclosure Guidance and Transparency Rules.

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Ferguson plc (NYSE:FERG) reported a purchase of 57,478 ordinary shares between October 24 and October 28, 2022, as part of its $2.5 billion share repurchase program. The average purchase prices ranged from £9,285.27 to £9,564.90 across the trading days. After these purchases, the company's treasury shares will total 24,056,008, leaving 208,115,174 ordinary shares in circulation. This repurchase logic aims to enhance shareholder value and is in compliance with market regulations.

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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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