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 on December 29, 2021, that it repurchased 30,000 ordinary shares at a price of £132.75 each as part of its $1,000 million share repurchase program initiated on September 28, 2021. The shares will be held in Treasury, bringing the total treasury shares to 11,590,033. Post-transaction, the total number of ordinary shares in issue will be 220,581,149, which shareholders can use for calculating their interest notifications under the Disclosure and Transparency Rules.
Ferguson plc announced the purchase of 20,000 ordinary shares at a price of £131 each on December 24, 2021, as part of its $1 billion share repurchase program initiated on September 28, 2021.
Following this transaction, Ferguson holds a total of 11,560,033 shares in Treasury, with 220,611,149 ordinary shares remaining in circulation. This figure is crucial for shareholders to determine their reporting obligations under the Disclosure and Transparency Rules.
Ferguson plc announced the repurchase of 28,796 of its ordinary shares at £130.50 each on December 23, 2021, as part of its $1,000 million share buyback program initiated on September 28, 2021. This transaction increases the total treasury shares held to 11,540,033, with the total number of ordinary shares in issue now at 220,631,149. Shareholders can use this figure to assess their interest in the Company under Disclosure and Transparency Rules. The company plans to retain these shares in treasury.
Ferguson plc announced the purchase of 29,431 ordinary shares for Treasury on December 22, 2021, as part of its $1,000 million share repurchase program initiated on September 28, 2021. The shares, priced at £129.453240 each, will increase the total shares held in Treasury to 11,511,237. With this transaction, the remaining ordinary shares in issue are now 220,659,945. This figure will be crucial for shareholders to determine their notification obligations under the Disclosure and Transparency Rules.
Ferguson plc announced the repurchase of 39,629 ordinary shares at £126.801739 each on December 20, 2021, as part of its ongoing $1 billion share repurchase program initiated on September 28, 2021. The total number of shares now held in Treasury is 11,481,806, leaving 220,689,376 ordinary shares in circulation. This buyback strategy is part of the company's effort to enhance shareholder value, and details of the transactions will be used for compliance under the Disclosure and Transparency Rules.
Ferguson plc announced the repurchase of 47,738 ordinary shares at a price of £127.53 each on December 17, 2021, as part of its $1,000 million share repurchase program. After this transaction, Ferguson holds 11,442,177 shares in Treasury, leaving 220,729,005 shares in circulation. This figure assists shareholders in determining their reporting obligations under the Disclosure and Transparency Rules.
Ferguson plc announced on December 16, 2021, the repurchase of 2,459 ordinary shares for Treasury as part of its $1,000 million share repurchase program initiated on September 28, 2021. The shares were bought at a price of £127.797740 each, executed through Barclays Capital Securities Limited. Following this transaction, the total number of shares held in Treasury will be 11,394,439, leaving 220,776,743 ordinary shares in circulation. This figure will aid shareholders in determining notification requirements under the Disclosure and Transparency Rules.
On December 16, 2021, Ferguson announced the transactions relating to purchases of its ordinary shares by its managerial persons as per EU Market Abuse Regulation. Key transactions include:
- Group CFO William Brundage purchased 799.1242 shares at $166.31, totaling $1,517.52 on December 13.
- Senior VP Andrew Devine acquired 3,896 shares at £125.03, amounting to £12,003.24.
- Other executives also made significant purchases, reflecting confidence in the company's financial stability.
These share purchases demonstrate a strong commitment from Ferguson's leadership.
Ferguson plc announced the repurchase of 7,931 ordinary shares at a price of £125.800168 each on December 15, 2021, as part of its $1,000 million share buyback program initiated on September 28, 2021.
After this transaction, the total shares held in Treasury will be 11,392,685, with 220,778,497 ordinary shares remaining in circulation. This information will assist shareholders in determining their interests under Disclosure and Transparency Rules.
Ferguson plc announced the purchase of 40,000 ordinary shares at £124.15 each on December 14, 2021, as part of its $1 billion share buyback program initiated on September 28, 2021. After this transaction, Ferguson holds 11,384,754 shares in treasury, with 220,786,428 shares remaining in circulation. This action allows shareholders to determine their interests under the Disclosure and Transparency Rules. The company aims to enhance shareholder value through this repurchase strategy.
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