Ferguson Enterprises Stock Price, News & Analysis

Connolly Brothers has completed a 234,282 square-foot warehouse for Ferguson Enterprises in Taunton, MA. This new facility includes a high-bay warehouse with specialized floor-to-ceiling racking for over 60,000 products, a 5,743 square-foot retail store, 30,000 square feet of offices and training space, a pro pick-up and will-call area, a 24/7 online ordering pick-up area, and three exterior loading ramps. The project was completed on time and within budget. This new hub will serve the New England region, marking Ferguson's first shipping hub in this area. The project involved an extensive team including Connolly Brothers as Construction Manager and Ware Malcomb as Architect of Record.

Ferguson plc (NYSE: FERG, LSE: FERG) announced that it repurchased 58,185 of its ordinary shares between June 17, 2024, and June 21, 2024, under its $4.0 billion share repurchase program.

The repurchased shares will be held in treasury. Post-purchase, Ferguson now holds 30,487,031 shares in treasury, reducing the total number of ordinary shares in issue to 201,684,151.

This repurchase aligns with the Market Abuse Regulation and the European Union (Withdrawal) Act 2018. Detailed information is available on Ferguson's shareholder center page.

Ferguson plc announced a notification of transactions by Kelly Baker, a Non-Employee Director, involving the purchase of Ordinary Shares. This transaction, compliant with EU Market Abuse Regulation and UK law, details the acquisition of 247 shares at $202.4811 per share, totaling $50,012.83. The transaction occurred on June 18, 2024, at the New York Stock Exchange. The company, listed under ISIN JE00BJVNSS43, disclosed these details to ensure transparency and regulatory compliance.

Ferguson plc (NYSE: FERG, LSE: FERG) announced it purchased 68,419 of its ordinary shares between June 10 and June 14, 2024, as part of its $4.0 billion share repurchase program.

The purchases were made across various trading venues at daily weighted average prices ranging from $198.2411 to $209.7000. The company now holds 30,431,642 shares in treasury, leaving 201,739,540 ordinary shares in issue. The remaining share count will be used by shareholders for interest notifications under applicable regulations.

Detailed information on the purchases is available on Ferguson’s investor relations website.

On June 17, 2024, Ferguson filed a Post-Effective Amendment No. 1 to its Form S-8 Registration Statement with the SEC. This filing is accessible via the SEC's website and Ferguson's SEC Filings page. The amendment aims to update the registration of securities for Ferguson's employee benefit plans. This procedural step ensures the company's compliance with SEC regulations, reflecting any recent changes within the company, such as mergers, acquisitions, or corporate restructurings.

Ferguson plc (NYSE: FERG, LSE: FERG) has repurchased 132,312 ordinary shares from June 3 to June 6, 2024, as part of its $4 billion share buyback program. The shares were acquired on various trading venues at daily weighted average prices ranging from USD 196.1500 to USD 203.0904. The company will hold these shares in treasury, increasing its treasury share count to 30,363,223, while the total number of ordinary shares in issue will be 201,807,959. Shareholders can use this figure for necessary notification obligations under relevant disclosure rules. Detailed purchase information is available on Ferguson's investor relations site.

On October 12, 2023, Ferguson plc announced share awards to James Paisley, the Chief Digital and Information Officer. Initially, Paisley was granted 9,931 shares under the Performance Ordinary Share Plan (POSP) and 2,128 shares under the Ordinary Share Plan (OSP). However, due to an administrative error, the awards were later adjusted to 9,595 POSP shares and 2,056 OSP shares. The adjustments were made in accordance with the EU Market Abuse Regulation and further details were provided in an announcement on October 17, 2023. The transactions were conducted outside a trading venue on June 10, 2024.

Ferguson announces the continuation of its $4.0 billion share repurchase program. A new non-discretionary agreement with J.P. Morgan Securities will oversee the repurchase of up to $235 million in shares from June 10, 2024, to September 26, 2024. This arrangement is part of a broader initiative authorized by shareholders to buy back up to 20,398,372 ordinary shares. The repurchased shares will be transferred into treasury, reducing the company's capital. Following a merger effective August 1, 2024, Ferguson Enterprises Inc. will assume the repurchase program's obligations. Purchases will be executed on the NYSE in compliance with regulatory requirements.

Ferguson plc filed a Form 8-K on June 3, 2024, and a Form 10-Q on June 5, 2024, with the U.S. Securities and Exchange Commission (SEC). These filings are accessible on both the SEC's official website and Ferguson's corporate website under the SEC Filings section.