Ferguson Enterprises Stock Price, News & Analysis

Ferguson plc (NYSE:FERG) reported that it repurchased 203,326 ordinary shares between February 20-24, 2023, as part of its $2.5 billion share repurchase program. The average purchase prices varied across trading days, with the highest at 12,155.0000 and the lowest at 11,806.0744. Following these transactions, the company will hold 26,043,287 shares in treasury. The total number of ordinary shares in issue is now 206,127,895, which shareholders may use to calculate their interests under regulatory guidelines. Ferguson aims to utilize these shares for strategic business purposes.

Ferguson plc (NYSE:FERG) announced a purchase of 53,248 ordinary shares between February 13 and February 16, 2023, as part of its $2.5 billion share repurchase program. The shares were acquired at various weighted average prices, with the first day's purchase at $12,005.72 and the last at $12,341.66. Following these transactions, Ferguson will hold a total of 25,839,961 shares in treasury, leaving 206,331,221 ordinary shares outstanding. This share reduction can impact shareholder calculations regarding notifications under the Disclosure Guidance and Transparency Rules.

Ferguson plc (NYSE:FERG) will announce its second quarter results on March 7, 2023, available at 6:45 a.m. EST/11:45 a.m. GMT on its website. A conference call for investors and analysts will follow at 8:30 a.m. EST/1:30 p.m. GMT, with registration available online. A slide presentation will be provided prior to the event, and an archived version will be accessible for 12 months post-event. Ferguson is a leading distributor in North America, focusing on solutions for infrastructure, plumbing, HVAC, and more, headquartered in the U.K. but primarily operating in North America.

Ferguson plc (NYSE:FERG) reported the purchase of 140,323 ordinary shares from February 6 to February 10, 2023, as part of its $2.5 billion share repurchase program. Notably, this purchase activity included a daily average of roughly 28,064 shares, with prices ranging from $11,833.40 to $11,995.00 per share. After these transactions, Ferguson holds 25,786,713 shares in treasury, with 206,384,469 shares remaining in circulation. Shareholders can use this figure to assess any changes in their interests per Disclosure Guidance. Detailed purchase information is available according to Market Abuse Regulation standards.

Ferguson plc reported transactions by its executive leadership involving the purchase of ordinary shares as part of a dividend reinvestment plan for the first quarter of the fiscal year ending July 31, 2023. On February 6, 2023, several key executives, including CEO Kevin Murphy and CFO William Brundage, acquired shares priced at $144.1928 each on the New York Stock Exchange. The total shares purchased by executives amounted to approximately $1,718.63. This activity reflects confidence from company leadership in Ferguson's prospects and the ongoing dividend strategy.

Ferguson plc (NYSE:FERG) reported the purchase of 73,540 ordinary shares from January 30 to February 3, 2023, as part of its $2.5 billion share repurchase program. The purchases included 17,542 shares on January 30 at an average price of $11,318.80, escalating to 7,769 shares on February 3 at an average price of $12,062.48. The company now holds 25,646,390 shares in treasury, leaving 206,524,792 ordinary shares outstanding. Investors can use this figure to ascertain reporting obligations under the Disclosure Guidance and Transparency Rules.

Ferguson PLC has announced its total voting rights and capital as of January 31, 2023. The company holds 232,171,182 ordinary shares of 10 pence each, with 25,619,935 shares kept in treasury. Consequently, the total voting rights available to shareholders are 206,551,247. This figure is essential for shareholders to determine whether they need to disclose any changes to their interests in the company.

Ferguson plc filed a Form 8-K with the U.S. SEC on January 31, 2023. This filing is accessible on the SEC's website and through Ferguson's SEC Filings page. Ferguson serves as a prominent value-added distributor in North America, specializing in infrastructure, plumbing, appliances, HVAC, and fire solutions. The company aims to simplify and enhance its customers' complex projects. Headquartered in the U.K., all operations are concentrated in North America, managed from Virginia. For more details, stakeholders can visit Ferguson's corporate website or its LinkedIn page.

Ferguson plc has appointed James S. Metcalf as a non-executive director, effective February 1, 2023. Metcalf brings extensive experience, having served as CEO and Chairman of Cornerstone Building Brands, and held multiple roles at USG Corporation. His background includes expertise in balance sheet management, strategic planning, and operational excellence. Ferguson's chairman, Geoff Drabble, expressed confidence that Metcalf's leadership will aid in Ferguson's goal to enhance project success. Ferguson is a leading distributor in North America, focusing on simplifying complex projects through a range of services.