Ferguson (FERG)

• Market cap: $32.5B
• 1 day: -1.73%
• 5 days: 6.68%
• 1 month: -2.30%
• 3 months: -4.71%
• 6 months: -18.35%
• Year to date: -6.71%
• 1 year: -26.63%
• 5 years: 35.37%
• 10 years: 35.37%
• Sector: Industrials
• Industry: Industrial Distribution

About: Ferguson distributes plumbing and HVAC products to North American repair, maintenance and improvement, new construction, and civil infrastructure markets. It serves over 1 million customers and sources products from 36,000 suppliers. Ferguson engages customers through approximately 1,800 North American branches, over the phone, online, and in residential showrooms. According to Modern Distribution Management, Ferguson is the largest plumbing distributor and second-largest HVAC distributor (next to Watsco) 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 Q4 regulatory disclosures by fund managers ($100M+ AUM)

4.55% more ownership

Funds ownership: 82.88% [Q3] → 87.43% (+4.55%) [Q4]

9% more call options, than puts

Call options by funds: $99.6M | Put options by funds: $91.5M

7% more first-time investments, than exits

New positions opened: 110 | Existing positions closed: 103

1% less funds holding

Funds holding: 694 [Q3] → 687 (-7) [Q4]

20% less capital invested

Capital invested by funds: $38B [Q3] → $30.3B (-$7.69B) [Q4]

20% less repeat investments, than reductions

Existing positions increased: 227 | Existing positions reduced: 285

33% less funds holding in top 10

Funds holding in top 10: 27 [Q3] → 18 (-9) [Q4]

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $168 4% upside
• Avg. target: $186 15% upside
• High target: $204 26% upside

9 analyst ratings

• positive: 7 78%
• neutral: 2 22%
• negative: 0 0%

Deutsche Bank Collin Verron 0% 1-year accuracy 0 / 11 met price target	8% upside $174	Hold Initiated	1 Apr 2025
JP Morgan Patrick Baumann 0% 1-year accuracy 0 / 1 met price target	17% upside $190	Overweight Maintained	19 Mar 2025
RBC Capital Mike Dahl 39% 1-year accuracy 21 / 54 met price target	17% upside $189	Outperform Reiterated	18 Mar 2025
Citigroup Anthony Pettinari 36% 1-year accuracy 19 / 53 met price target	4% upside $168	Neutral Maintained	12 Mar 2025
Wells Fargo Sam Reid 28% 1-year accuracy 9 / 32 met price target	11% upside $180	Overweight Maintained	12 Mar 2025