Ferguson Enterprises Stock Price, News & Analysis

Ferguson plc has announced a repurchase of 60,000 ordinary shares at a price of £97.22 each on May 25, 2021, as part of its $400 million share repurchase program initiated on March 16, 2021. The company currently holds 8,773,580 shares in Treasury, with a total of 223,397,602 ordinary shares remaining in circulation. This repurchase will impact the calculation of shareholder interests under the Disclosure and Transparency Rules.

Ferguson plc (LSE:FERG)(NYSE:FERG) has announced the immediate appointment of Kelly Baker to both the Nominations Committee and Remuneration Committee, in compliance with Listing Rule 9.6.11R. This change aims to enhance governance structures within the company. The announcement was made on May 20, 2021, signaling ongoing efforts to strengthen leadership and decision-making processes. For further inquiries, contact Graham Middlemiss, Group Company Secretary, at (0118 927 3800).

Ferguson plc reported robust Q3 2021 results, revealing a 24.5% increase in revenue to $5.916 billion, and a 65.4% rise in trading profit to $579 million. This growth was driven by a 20.1% organic growth in the USA amid easing comparative pressures. Gross margins improved to 30.9% due to effective pricing strategies. With 0.4x net debt to adjusted EBITDA, the company is financially sound, having completed $140 million of its $400 million buyback program. Ferguson revised its FY2021 trading profit outlook upwards to between $2,000 million and $2,100 million.

Ferguson plc (LSE:FERG)(NYSE:FERG) announced on May 18, 2021, the repurchase of 30,000 ordinary shares at a price of £92.620856 per share as part of its $400 million share repurchase program initiated on March 16, 2021. After this transaction, the company holds a total of 8,716,827 shares in treasury, with a remaining 223,434,355 ordinary shares in circulation. This buyback is aimed at enhancing shareholder value. Detailed purchase information is available in compliance with Market Abuse Regulation.

Ferguson plc (LSE:FERG)(NYSE:FERG) announced the repurchase of 41,025 ordinary shares at a price of £91.96 each on May 17, 2021, as part of its $400 million share repurchase program initiated on March 16, 2021. The total number of shares held in Treasury now stands at 8,686,827, with 223,484,355 ordinary shares remaining in issue. This transaction provides shareholders with the denominator required under the Disclosure and Transparency Rules for determining interest notifications.

On May 17, 2021, Ferguson PLC disclosed multiple transactions by Persons Discharging Managerial Responsibilities (PDMRs) regarding the purchase of ordinary shares. Group Chief Financial Officer William Brundage and several other executives acquired shares under independent dividend reinvestment arrangements related to the interim and special dividends for the year ending July 31, 2021. The transactions occurred on both the London Stock Exchange and New York Stock Exchange, with prices for the shares ranging from £92.70 to $130.58.

Ferguson plc announced the repurchase of 80,000 ordinary shares at a price of £91.656411 each on May 13, 2021, as part of a $400 million share repurchase program initiated on March 16, 2021. Following this transaction, the total shares held in Treasury will be 8,645,802, with 223,525,380 ordinary shares remaining in circulation. This repurchase is intended to support shareholder value and may affect future notifications related to share interests under the Disclosure and Transparency Rules.

Ferguson plc announced on May 12, 2021, it purchased 80,000 ordinary shares at £92 each as part of its $400 million share repurchase program initiated on March 16, 2021. The repurchased shares will be held in Treasury, increasing the total treasury shares to 8,567,542. Following this transaction, Ferguson will have 223,603,640 shares outstanding, which will be used by shareholders to determine their notification obligations under the Disclosure and Transparency Rules.

Ferguson plc announced the repurchase of 80,000 ordinary shares at £91.52 each on May 11, 2021, as part of its $400 million share buyback program initiated on March 16, 2021. This repurchase brings the total shares held in treasury to 8,487,542, with 223,683,640 ordinary shares remaining in circulation. This share buyback aims to enhance shareholder value and may influence future interest notifications under the Disclosure and Transparency Rules.