Ferguson Enterprises Stock Price, News & Analysis

Ferguson plc announced the repurchase of 17,959 ordinary shares at a price of £109.556940 each on March 18, 2022, as part of its $1,000 million share buyback program initiated on September 28, 2021. The shares acquired will be held in Treasury, increasing the total in Treasury to 14,313,123 shares. Post-repurchase, the total ordinary shares in issue will amount to 217,858,059, which shareholders can use to determine reporting obligations under the Disclosure and Transparency Rules.

Ferguson plc announced a notification regarding transactions by its Non-Executive Director, Catherine Halligan, on March 17, 2022. The notification complies with the EU Market Abuse Regulation as part of UK law. Halligan purchased 300 ordinary shares at a price of $142.2272 each, totaling $42,668.16. The transaction occurred on the New York Stock Exchange. This initial notification aims to ensure transparency concerning the trading activities of the company's management.

Ferguson plc (LSE:FERG)(NYSE:FERG) announced a share repurchase of 104,489 ordinary shares at a price of £108.39 each on March 17, 2022, under its $1,000 million buyback program initiated on September 28, 2021. After this transaction, Ferguson holds a total of 14,295,164 shares in Treasury, with 217,876,018 ordinary shares remaining in issue. This repurchase may impact shareholders' calculations under the Disclosure and Transparency Rules, as detailed in the announcement.

Ferguson plc (LSE:FERG)(NYSE:FERG) announced the repurchase of 23,419 ordinary shares at a price of £109.975740 each on March 16, 2022. This action is part of the company's $1 billion share repurchase program initiated on September 28, 2021. Following this transaction, Ferguson plc will hold a total of 14,190,675 shares in Treasury, with the total number of ordinary shares in issue now being 217,980,507. This repurchase may influence shareholder interests and transparency disclosures.

Ferguson PLC reported impressive Q2 and H1 results for the period ending January 31, 2022. Net sales reached $6,508 million, marking a 31.8% increase compared to the previous year. Operating profit surged 74% to $555 million with a gross margin of 30.6%. Adjusted earnings per share rose 60.2% to $1.97. In the first half, net sales climbed 29.1% to $13,311 million. The company executed six acquisitions, boosting annualized revenues by $235 million. A 15% increase in interim dividends and an expansion of share buyback programs reflect strong financial health.

Ferguson plc announced the repurchase of 129,666 ordinary shares at a price of £106.95 each on March 10, 2022, as part of its ongoing $1,000 million share buyback program commenced on September 28, 2021. The company now holds a total of 14,167,256 shares in treasury. Following this transaction, the total number of ordinary shares in issue is reduced to 218,003,926. This share repurchase is expected to benefit shareholders by potentially increasing earnings per share.

Ferguson announces that at its General Meeting on March 10, 2022, shareholders passed a resolution by 95.49% to transition its London Stock Exchange listing from a premium to a standard listing, effective May 12, 2022. This move aligns with Ferguson's strategy to establish its primary listing on the New York Stock Exchange, which began trading on March 8, 2021. Ferguson reported $23 billion in revenue for fiscal year 2021 and aims to capitalize on a $300 billion market opportunity in the North American distribution sector.

Ferguson plc (LSE:FERG)(NYSE:FERG) announced on March 8, 2022, the repurchase of 272,178 ordinary shares at a price of £105.15 each as part of its $1,000 million share repurchase program initiated on September 28, 2021. Following this transaction, the company holds a total of 14,037,590 shares in Treasury. The remaining number of ordinary shares in circulation will be 218,133,592. This figure will assist shareholders in notifying any changes in their interests in the company according to the Disclosure and Transparency Rules.

Ferguson plc announced the repurchase of 165,991 ordinary shares at a price of £110.45 on March 4, 2022, under its $1,000 million share repurchase program initiated on September 28, 2021. Following this transaction, the total shares held in Treasury will be 13,765,412, leaving 218,405,770 shares outstanding. This buyback aims to optimize shareholder value by reducing the number of shares in circulation. The company will use this repurchased stock for Treasury purposes, and shareholders should consider this when calculating voting rights and notifications under the Disclosure and Transparency Rules.