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 the repurchase of 26,885 ordinary shares at a price of £107.15 each on October 21, 2021, as part of its $1,000 million share repurchase program initiated on September 28, 2021. The total shares held in Treasury now stands at 10,366,417, with 221,804,765 ordinary shares remaining in circulation. This purchase aims to enhance shareholder value and will be reported in accordance with Disclosure and Transparency Rules.
Ferguson plc purchased 20,000 ordinary shares of 10 pence each on October 20, 2021, at a price of £106.51 per share as part of its $1,000 million share repurchase program initiated on September 28, 2021. With this transaction, the company now holds a total of 10,339,801 shares in Treasury, leaving 221,831,381 ordinary shares outstanding. This repurchase serves to enhance shareholder value and is compliant with market regulations.
On October 21, 2021, Ferguson plc reported the sale of shares by several persons discharging managerial responsibilities (PDMRs) following the vesting of conditional share awards under various long-term incentive plans. Key figures include K. Murphy receiving 32,658 shares and selling 14,781, while W. Brundage received 11,479 shares and sold 5,196. The sale price was 10,540.9675 pence per share, with the sales aimed at covering tax and associated costs. The transactions were reported in accordance with the EU Market Abuse Regulation.
Ferguson plc announced a share repurchase on October 18, 2021, buying back 40,000 ordinary shares at a price of £105.24 each as part of its $1,000 million share buyback program initiated on September 28, 2021. Following this transaction, Ferguson holds a total of 10,386,551 shares in Treasury, with 221,784,631 ordinary shares remaining in circulation. This repurchase aims to optimize shareholder value under the Disclosure and Transparency Rules.
On October 14, 2021, Ferguson PLC granted conditional share awards to its Executive Directors and Persons Discharging Managerial Responsibilities (PDMRs) under the Ferguson Group Long Term Incentive Plan 2019 and other share plans. Notable awards included 28,719 shares to Kevin Murphy and 11,449 to William Brundage. Ten additional PDMRs received awards ranging from 3,180 to 9,504 shares. These awards, contingent upon continued employment and performance metrics over three years, are set to vest on October 14, 2024. The information complies with EU Market Abuse regulations.
Ferguson plc announced the purchase of 40,000 ordinary shares at £105.164879 each on October 15, 2021, under its $1 billion share repurchase program initiated on September 28, 2021. This transaction brings the total number of shares held in Treasury to 10,346,551, with 221,824,631 ordinary shares remaining in issue. Shareholders can utilize this figure for interest notifications as per the Disclosure and Transparency Rules.
Ferguson plc announced the repurchase of 50,000 ordinary shares at a price of £103.914111 each on October 14, 2021, as part of its $1,000 million share repurchase program initiated on September 28, 2021. This brings the total number of shares held in treasury to 10,306,551, with 221,864,631 ordinary shares remaining in issue. Shareholders can use this figure for calculations regarding their notification obligations under the Disclosure and Transparency Rules.
Ferguson plc announced on October 15, 2021, that Non-Executive Directors Suzanne Wood and Brian May have made initial notifications of their purchase of shares in the company. Wood bought 500 shares at $141.187 per share for a total of $70,593.50, while May purchased 750 shares at £103.80 each, totaling £77,850.00. These transactions were reported under the EU Market Abuse Regulation, ensuring compliance with legal requirements. The trades occurred on the New York Stock Exchange and London Stock Exchange.
Ferguson plc has announced the repurchase of 30,000 ordinary shares at a price of £102.975050 per share on October 13, 2021, as part of its $1 billion share repurchase program initiated on September 28, 2021. Following this transaction, the company holds a total of 10,256,794 shares in Treasury, with 221,914,388 ordinary shares remaining in issue. This figure serves as a denominator for shareholder interest calculations under the Disclosure and Transparency Rules. The shares are held in Treasury and no immediate effect on market performance is indicated.
Ferguson plc disclosed a share transaction involving its Non-Executive Director, Kelly Baker, on October 13, 2021, in compliance with EU Market Abuse Regulation. The director purchased 351 Ordinary Shares at a price of $142.53 each, totaling $50,028.03. The transaction occurred on October 8, 2021, on the New York Stock Exchange. This initial notification serves as a record of insider trading activity within the company.
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