Ferguson Enterprises Stock Price, News & Analysis

Ferguson plc (NYSE:FERG) has announced the purchase of 116,702 ordinary shares as part of its $2.5 billion share repurchase program from March 20 to March 24, 2023. The shares were acquired across five trading days with a total volume of 116,702 shares and a daily weighted average purchase price ranging from $104.70 to $108.75. Post-purchase, Ferguson holds 26,714,212 shares in treasury, leaving 205,456,970 ordinary shares in circulation. This transaction aligns with the company's strategy to manage its capital effectively.

Ferguson plc has reported a significant transaction involving its Non-Executive Director, James Metcalf. On March 21, 2023, Metcalf purchased 4,000 ordinary shares at a price of $133.6523 each, totaling $534,609.24. This transaction complies with the EU Market Abuse Regulation, part of UK law. Metcalf's initial notification emphasizes his confidence in the company as he increases his stake. The shares are listed on the New York Stock Exchange and have an ISIN of JE00BJVNSS43.

Ferguson plc (NYSE:FERG) announced the purchase of 105,128 ordinary shares on March 13, 2023, as part of its $2.5 billion share repurchase program. The company purchased shares across different trading venues, including BATE, CHIX, and XLON, with an aggregate daily volume of 26,050, 24,090, and 54,988 shares, respectively, at a weighted average purchase price of $11,100 each. Following these transactions, Ferguson will hold 26,522,510 shares in treasury, leaving 205,648,672 ordinary shares outstanding, which shareholders can use for calculating interests under the Disclosure Guidance and Transparency Rules.

Ferguson PLC announced on March 16, 2023, that James Metcalf, a Non-Executive Director, has been awarded 232 restricted stock units under the Ferguson Non-Employee Director Incentive Plan 2022. The award, granted without payment or performance conditions, will vest on October 2, 2023, contingent upon continued service. This information is disclosed under the EU Market Abuse Regulation. The restricted stock units are part of a broader strategy to align the interests of directors with those of shareholders, but the total impact on shareholder equity and company performance remains to be evaluated.

Ferguson plc announced a continuation of its $2.5 billion share repurchase program through an arrangement with Barclays, starting March 15, 2023, and concluding by June 15, 2023. The current tranche allocates £160 million, with total repurchases not exceeding $2.5 billion. Shareholder authority permits up to 20,845,062 shares to be bought back. The initiative aims to reduce the company's capital and potentially fulfill future share awards. Repurchases will occur on the London and New York Stock Exchanges, complying with relevant regulations.

Ferguson plc (NYSE:FERG) announced the purchase of 300,864 ordinary shares as part of its ongoing $2.5 billion share repurchase program from March 6 to March 10, 2023. The purchases included varying daily volumes, with the highest being 57,292 shares at an average price of 11,325.0000 on March 10. Post-repurchase, Ferguson will hold 26,417,382 shares in treasury while the remaining shares in circulation will be 205,753,800. These figures are relevant for shareholders to assess interest notification obligations.

Ferguson plc has filed its Form 10-Q with the U.S. SEC on March 8, 2023. The filing is accessible through the SEC's website and the Company’s investor relations page. Ferguson, a leader in value-added distribution in North America, offers a variety of products and services across infrastructure, plumbing, HVAC, and more. The company aims to simplify complex projects for its customers, focusing on sustainability and success. For additional information, stakeholders can visit Ferguson's corporate site or their LinkedIn page.

Ferguson plc (NYSE:FERG) has conducted a share repurchase program, purchasing 73,231 ordinary shares between February 27 and March 3, 2023, as part of its $2.5 billion initiative. The share repurchase aims to enhance shareholder value. The company now holds 26,116,518 shares in treasury, with a remaining 206,054,664 ordinary shares in circulation. The announcement complies with the Market Abuse Regulation and includes detailed information on individual purchases. For more inquiries, contact investor relations.

Ferguson reported a 4.9% increase in net sales to $6.8 billion in Q2 2023, backed by 2.7% organic growth and contributions from acquisitions. Gross margin was 30.2%, slightly down from last year, with operating margins at 8.0%. The diluted earnings per share (EPS) were $1.80, reflecting an 8.6% decrease. Notably, the company declared a quarterly dividend of $0.75, marking a 9% annual increase. Ferguson completed four acquisitions with combined annual revenues of approximately $300 million. The strong cash generation supported share buybacks of $198 million, and net debt to adjusted EBITDA stood at 1.1x.