STOCK TITAN

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.

Rhea-AI Summary

ServiceTitan, a software platform for the trades, has launched a strategic collaboration with Ferguson, a leading distributor of commercial and residential supplies. This partnership aims to empower contractors by providing access to ServiceTitan's comprehensive platform, which includes tools for scheduling, dispatching, invoicing, and more.

The collaboration addresses procurement challenges by integrating Ferguson's product catalog with real-time pricing and availability. Key benefits include:

  • Real-time pricebook updates
  • In-app procurement
  • Simplified reconciliation
  • Increased profitability
  • Enhanced end-customer satisfaction

This partnership is designed to help contractors win more business, increase profitability, and maximize customer lifetime value in today's competitive market.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.63%
Tags
none
-
Rhea-AI Summary

Ferguson (NYSE: FERG; LSE: FERG) has announced that it will release its fourth quarter and year-end results on Tuesday, September 17, 2024. The results will be available on Ferguson's website at 6:45 a.m. ET/11:45 a.m. BST. A conference call and webcast for analysts and investors will be held at 8:30 a.m. ET/1:30 p.m. BST on the same day.

Interested parties can register for the webcast on Ferguson's corporate website. A slide presentation accompanying the event will be accessible 15 minutes before the start time. An archived version of both the webcast and slide presentation will remain available for 12 months following the live event.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.63%
Tags
conferences
-
Rhea-AI Summary

Ferguson Enterprises (NYSE: FERG, LSE: FERG) has reported its weekly share repurchase activity as part of its $4.0 billion share repurchase program. From August 19 to August 23, 2024, the company purchased a total of 58,527 shares of its common stock. The daily weighted average purchase prices ranged from $205.9191 to $213.5100 per share across various trading venues. Following these purchases, Ferguson now holds 230,146 shares in treasury, with 201,113,107 shares remaining in issue. This figure may be used by shareholders for calculating notification obligations under the Disclosure Guidance and Transparency Rules.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.7%
Tags
buybacks
Rhea-AI Summary

Ferguson Enterprises Inc. (NYSE: FERG, LSE: FERG) has announced the repurchase of 67,900 shares of its common stock from August 12-16, 2024, as part of its $4.0 billion share repurchase program. The company provided a detailed breakdown of daily purchases across various trading venues, with prices ranging from $196.15 to $210.54 per share. Following these purchases, Ferguson holds 171,619 shares in treasury, with 201,171,634 remaining shares in issue. This figure can be used by shareholders for calculating notification obligations under the Disclosure Guidance and Transparency Rules.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.46%
Tags
buybacks
-
Rhea-AI Summary

Ferguson Enterprises Inc. (NYSE: FERG, LSE: FERG) has reported its weekly share repurchase activity from August 5 to August 9, 2024. The company bought back 82,300 shares as part of its $4.0 billion share repurchase program. Daily purchases ranged from 17,200 to 18,000 shares, with weighted average prices between $197.42 and $200.26 per share. After these transactions, Ferguson holds 103,719 shares in treasury, with 201,239,534 shares remaining in issue. This figure can be used by shareholders for calculating notification obligations under the Disclosure Guidance and Transparency Rules.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
buybacks
-
Rhea-AI Summary

Ferguson Enterprises Inc. (NYSE: FERG; LSE: FERG) has announced the closing of ten acquisitions in the fiscal year ending July 31, 2024, including two recent additions: Gerster Equipment Co. and United Water Works, Inc. Gerster Equipment, a distributor of Trane and Mitsubishi HVAC brands, enhances Ferguson's dual-trade strategy in New York. United Water Works expands Ferguson's Waterworks presence in Southern California, adding erosion control and stormwater management products to its offering.

CEO Kevin Murphy highlighted the diverse mix of acquisitions across plumbing, HVAC, waterworks, and fire protection sectors. Ferguson's growth strategy heavily relies on acquisitions, with over 50 completed in the last five years. The company operates in fragmented markets comprising 10,000+ small to medium independent companies across nine customer groups in North America.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary

Ferguson Enterprises Inc. (NYSE: FERG, LSE: FERG) has reported its latest share repurchase activity as part of its $4.0 billion share repurchase program. From August 1-2, 2024, the company purchased a total of 21,419 shares of its common stock. The purchases were executed across various trading venues, with daily weighted average purchase prices ranging from $203.2900 to $222.3100 per share.

Following these purchases, Ferguson intends to hold the acquired shares in treasury. The remaining number of shares of common stock in issue will be 201,321,834, which shareholders can use as the denominator for calculating their interest in the company under the Disclosure Guidance and Transparency Rules.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.69%
Tags
buybacks
-
Rhea-AI Summary

Ferguson Enterprises Inc. (FERG) has filed Post-Effective Amendment No. 1 to certain Registration Statements on Form S-8 with the U.S. Securities and Exchange Commission (SEC) on August 1, 2024. The amendments pertain to Registration Statement Numbers 333-253988, 333-263084, and 333-275849. These filings are now accessible on the SEC's website at sec.gov and on the SEC Filings page of Ferguson's corporate website. This administrative action involves updating previously filed registration statements, which are typically used for registering securities offered to employees through benefit plans.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.05%
Tags
none
-
Rhea-AI Summary

Ferguson (Jersey) , previously known as Ferguson plc, has filed a Form 8-K with the U.S. Securities and Exchange Commission (SEC) on August 1, 2024. The filing is accessible on the SEC's website at sec.gov and on Ferguson's corporate website under the SEC Filings page. This regulatory filing typically indicates significant events or corporate changes that shareholders should be aware of. While the specific contents of the Form 8-K are not detailed in this press release, investors and interested parties can access the full document through the provided channels for more information about any material developments or changes in Ferguson's business operations.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.05%
Tags
none
News
Rhea-AI Summary

Ferguson Enterprises Inc. (FERG) has filed a Form 8-K with the U.S. Securities and Exchange Commission (SEC) on August 1, 2024. This regulatory filing is a significant event for publicly traded companies, often used to report major corporate events or changes that shareholders should be aware of. The Form 8-K is now accessible on the SEC's official website at sec.gov and can also be found on Ferguson's corporate website under the SEC Filings section.

While the specific contents of the Form 8-K are not detailed in this announcement, such filings typically cover important information such as financial results, management changes, acquisitions, or other material events that could impact the company's stock price or investor decisions. Shareholders and potential investors are encouraged to review the filing for a comprehensive understanding of any significant developments at Ferguson Enterprises Inc.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.05%
Tags
none

FAQ

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

The current stock price of Ferguson Enterprises (FERG) is $172.21 as of January 7, 2025.

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

The market cap of Ferguson Enterprises (FERG) is approximately 34.5B.

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

34.46B
195.00M
2.43%
90.42%
1.28%
Industrial Distribution
Wholesale-hardware & Plumbing & Heating Equipment & Supplies
Link
United States of America
NEWPORT NEWS