FergusonFERG
Market Cap: $38.2B
About: Ferguson distributes plumbing and HVAC products primarily to repair, maintenance and improvement, new construction, and civil infrastructure markets. It serves over 1 million customers and sources products from 37,000 suppliers. Ferguson engages customers through approximately 1,700 North American branches, over the phone, online, and in residential showrooms. In fiscal 2023, Ferguson derived 95% of its nearly $30 billion of sales in the United States According to Modern Distribution Management, Ferguson is the largest industrial and construction distributor in North America. The firm sold its UK business in 2021 and is now solely focused on the North American market.
Employees: 36,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
16% more call options, than puts
Call options by funds: $44.9M | Put options by funds: $38.9M
1.44% more ownership
Funds ownership: 79.23% [Q1] → 80.66% (+1.44%) [Q2]
1% less funds holding
Funds holding: 647 [Q1] → 641 (-6) [Q2]
5% less repeat investments, than reductions
Existing positions increased: 238 | Existing positions reduced: 251
8% less first-time investments, than exits
New positions opened: 66 | Existing positions closed: 72
16% less capital invested
Capital invested by funds: $42.4B [Q1] → $35.7B (-$6.65B) [Q2]
32% less funds holding in top 10
Funds holding in top 10: 25 [Q1] → 17 (-8) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Jefferies Philip Ng 44% 1-year accuracy 7 / 16 met price target | 31%upside $250 | Buy Maintained | 17 Jul 2024 |
Barclays Matthew Bouley 75% 1-year accuracy 53 / 71 met price target | 20%upside $229 | Overweight Maintained | 12 Jul 2024 |
Financial journalist opinion
Based on 7 articles about FERG published over the past 30 days