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 Enterprises Inc. (NYSE: FERG; LSE: FERG) generates a steady stream of news tied to its role as the largest value-added distributor serving the water and air specialized professional in the North American residential and non-residential construction market. News coverage for FERG frequently centers on its financial performance, capital allocation decisions and activities that support its specialized professional customer base.
Investors and market watchers can expect regular earnings and results announcements, including quarterly updates and transition-period reporting as the company moves its fiscal year end to December 31. These releases typically discuss net sales, margins, segment performance in the United States and Canada, and commentary on residential versus non-residential end markets.
Ferguson’s news flow also includes SEC filing notices, such as Form 10-Q and Form 8-K filings, which are highlighted in press releases that direct readers to full documents on the SEC’s website and the company’s own filings page. In addition, the company issues announcements regarding dividends, share repurchases and debt offerings, including public offerings of senior notes and related underwriting agreements.
Another important category of FERG news involves director and executive share transactions and equity awards under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan. These updates, often labeled as Director/PDMR Shareholding notices, provide detail on restricted stock unit grants, vesting events and dividend reinvestment purchases.
Ferguson also publishes news about strategic initiatives and partnerships, such as investments made through Ferguson Ventures, its corporate venture capital arm. For example, a recent release describes a strategic funding round in Ply, an inventory and purchasing platform built for the trades, aimed at advancing automated inventory replenishment and real-time visibility for contractors and suppliers.
By following the FERG news page, readers can track how Ferguson communicates its financial results, governance developments, capital structure changes and collaborations that support the water and air specialized professional in North American construction.
Ferguson plc announced on January 31, 2023, its purchase of 125,964 ordinary shares from January 23 to January 27, 2023, as part of its $2.5 billion share repurchase program. The purchases took place on the XLON trading venue with varying weighted average prices, recorded as follows:
- January 23: 21,303 shares at 11,127.66
- January 24: 25,609 shares at 11,210.41
- January 25: 38,229 shares at 11,095.98
- January 26: 16,088 shares at 11,200.00
- January 27: 24,735 shares at 11,217.25
After these transactions, the total shares held in treasury will amount to 25,572,850, with 206,598,332 ordinary shares remaining in circulation.
Greyter Water Systems Inc has completed a $10 million Series B funding round, led by Ferguson Ventures and LENX, aimed at scaling its innovative greywater reuse system, The Greyter HOME. This appliance can reduce indoor water consumption by up to 25%, capturing water from showers and baths for toilet flushing. The investment reflects growing demand for sustainable water solutions amid rising freshwater resource pressures. Greyter has seen momentum since its Series A in early 2020, integrating its system into residential homes. Collaborations with Ferguson and Lennar continue to advance eco-friendly homebuilding practices.
Ferguson plc (NYSE:FERG) has announced the purchase of 164,736 ordinary shares from January 16 to January 20, 2023, as part of its $2.5 billion share repurchase program. The average purchase prices were approximately 11,345.00 on January 16 and 10,929.05 on January 20. The total shares held in treasury post-purchase will amount to 25,446,886, with 206,724,296 ordinary shares remaining in circulation. This information is significant for shareholders as it may impact their interest calculations.
Ferguson plc (NYSE:FERG) has announced a total purchase of 241,000 ordinary shares from January 9 to January 12, 2023, as part of its $2.5 billion share repurchase program. The breakdown of purchases includes:
- January 9: 70,000 shares at $114.98
- January 10: 60,000 shares at $114.52
- January 11: 55,000 shares at $111.80
- January 12: 56,000 shares at $113.16
These shares will be held in treasury, bringing the total treasury shares to 25,282,150 and leaving 206,889,032 shares outstanding for shareholders.
Ferguson plc (NYSE:FERG) announced a quarterly dividend of $0.75 per share for Q1, payable on February 3, 2023, to shareholders registered by December 16, 2022. Shareholders can receive this dividend in US dollars or pounds sterling, with a currency exchange rate of 1.21740 GBP/USD, resulting in a GBP dividend of £0.61 per share for those opting for GBP. The currency election deadline was January 6, 2023. This dividend reflects the company’s commitment to returning value to shareholders.
Ferguson plc has announced a $2.5 billion share repurchase program effective from January 16, 2023, managed by brokers J.P. Morgan Securities. This program will run until March 20, 2023, with a maximum spending cap of £145 million for this tranche. The initiative aims to enhance shareholder value by reducing the company’s capital and potentially using repurchased shares for future awards. Notably, the company received authorization to buy back up to 20,845,062 shares during its Annual General Meeting on November 30, 2022.
Ferguson PLC has issued a notification regarding a major holding change initiated by Trian Fund Management, L.P.. As of January 6, 2023, Trian has decreased its voting rights in Ferguson to below 5%, down from 4.94%. This shift was triggered by the distribution of 3,795,799 ordinary shares from Trian Investors 1, L.P. to Trian Investors 1, Ltd. in anticipation of a mandatory redemption. The notification was submitted to the company and made public on January 11, 2023.
Ferguson plc (NYSE:FERG) announced the repurchase of 100,000 ordinary shares from December 26 to December 30, 2022, as part of its $2.5 billion share repurchase program. The repurchase included 50,000 shares on December 28 at an average price of 10,455.0000 and 50,000 shares on December 29 at 10,455.5907. Following these transactions, the total number of shares held in treasury will be 24,936,019, leaving 207,235,163 ordinary shares in issue.
Ferguson PLC has announced its total voting rights as of December 31, 2022, in compliance with DTR 5.6.1 regulations. The company has an issued share capital of 232,171,182 ordinary shares, with 24,936,019 treasury shares suspended. This results in 207,235,163 total voting rights, which shareholders need for compliance with the FCA's Disclosure Guidance and Transparency Rules. The announcement was made on January 3, 2023.
Ferguson plc (NYSE: FERG) reported the purchase of 260,000 ordinary shares from December 19 to December 23, 2022, under its $2.5 billion share repurchase program. The daily purchase details included:
- December 19: 60,000 shares at £10,236.15
- December 20: 70,000 shares at £10,175.00
- December 21: 80,000 shares at £10,276.40
- December 22: 50,000 shares at £10,250.00
After this purchase, the total shares held in treasury will be 24,836,019, leaving 207,335,163 ordinary shares in issue.