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.
Ferguson plc announced a share repurchase transaction on May 16, 2022, as part of its $2 billion program. The company repurchased 40,516 ordinary shares at a price of £96.96 per share through Barclays Capital Securities Limited. Following this transaction, Ferguson holds a total of 16,953,638 shares in treasury, leaving 215,217,544 shares outstanding. This repurchase aims to optimize shareholder value and may impact the share price positively.
Ferguson plc (LSE: FERG, NYSE: FERG) reported a notification of major holdings from BlackRock, Inc. on May 12, 2022, indicating an increase in voting rights following the threshold crossing on May 11, 2022. BlackRock now holds 7.58% of Ferguson's voting rights, comprising 7.38% through direct shares and 0.20% via financial instruments. The previous position was reported at 10.02%. This shift reflects BlackRock's ongoing investment strategy and market positions in Ferguson.
Ferguson plc announced the repurchase of 59,893 ordinary shares at a price of £95.162764 per share on May 12, 2022, as part of its $2 billion share repurchase program. Following this transaction, the total number of shares held in Treasury amounts to 16,913,122. The total shares outstanding after this repurchase will be 215,258,060. This announcement is in compliance with the Market Abuse Regulation, and further details can be accessed through the link provided.
Ferguson plc announced that on May 11, 2022, it repurchased 33,401 ordinary shares at a price of £93.34 per share as part of its $2 billion share repurchase program. Following this transaction, the total number of shares in Treasury is 16,853,229, while the remaining shares outstanding will be 215,317,953. This buyback aligns with the company's strategy to enhance shareholder value. Further details can be found in the attached announcement and the company plans to retain these shares in Treasury.
The press release highlights transactions by Ferguson's managerial personnel involving ordinary shares under dividend reinvestment plans. Key points include:
- William Brundage, Group CFO, purchased shares at $114.27 for a total of $773.26.
- Jake Schlicher, Senior VP, purchased shares at £90.99 for a total of £3,002.93.
- William Thees, Senior VP, made two purchases: one at £90.99 for £8,098.82 and another at $114.27 for $962.68.
This information complies with EU Market Abuse Regulation requirements.
Ferguson plc has officially transferred its primary listing to the New York Stock Exchange (NYSE) as of May 12, 2022. This follows a shareholder resolution on March 10, 2022, which changed its listing category on the London Stock Exchange from Premium to Standard. Ferguson, now entirely focused on North America, believes this aligns better with its growth opportunities. CEO Kevin Murphy highlighted that the new listing structure supports their strategy to enhance shareholder value amid evolving market dynamics.
Ferguson plc announced the repurchase of 60,000 of its ordinary shares at a price of £91.74 as part of its $2 billion share repurchase program on May 10, 2022. Following this transaction, Ferguson holds a total of 16,819,828 shares in treasury, leaving 215,351,354 shares in circulation. This number represents the denominator for shareholders to calculate their interests under the Disclosure and Transparency Rules.
Ferguson plc announced the purchase of 177,434 ordinary shares at £91.10 each on May 9, 2022, as part of its $2 billion share repurchase program. Following this transaction, the company holds a total of 16,759,828 shares in Treasury, with 215,411,354 ordinary shares remaining in issue. This figure serves as a denominator for shareholders to assess their interests under the Disclosure and Transparency Rules. The repurchase aims to enhance shareholder value despite the uncertain market conditions. Detailed purchase information is available in the announcement.
Ferguson plc announced the repurchase of 190,000 ordinary shares at a price of £93.32 each on May 6, 2022, as part of its $2 billion share repurchase program. The company will hold these shares in treasury, increasing the total treasury shares to 16,582,394. Following this transaction, the total number of ordinary shares in issue will be 215,588,788. This figure will serve as the denominator for shareholder notifications under the Disclosure and Transparency Rules.
Ferguson plc announced on May 5, 2022, the repurchase of 90,000 ordinary shares at a price of £97.64 each, amounting to a total investment of approximately £8.788 million as part of its $2 billion share repurchase program. Following this transaction, Ferguson holds a total of 16,392,394 shares in treasury, while the remaining ordinary shares in issue total 215,778,788. This information is crucial for shareholders for calculating their interest notifications as per the Disclosure and Transparency Rules.
FAQ
What is the current stock price of Ferguson Enterprises (FERG)?
What is the market cap of Ferguson Enterprises (FERG)?
What is Ferguson plc?
Where is Ferguson plc headquartered?
What brands operate under Ferguson plc?
What markets does Ferguson serve?
How many customers does Ferguson have?
How many suppliers does Ferguson source from?
How does Ferguson engage its customers?
What were Ferguson's sales figures for fiscal 2023?
What percentage of Ferguson's sales are generated in the United States?
What significant change did Ferguson make in 2021?
