Ferguson (FERG)

• Market cap: $46B
• 1 day: 2.1%
• 5 days: 3.69%
• 1 month: -0.83%
• 3 months: 6.95%
• 6 months: 40.63%
• Year to date: 32.2%
• 1 year: 11.52%
• 5 years: 91.82%
• 10 years: 91.82%
• 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 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

95% more first-time investments, than exits

New positions opened: 164 | Existing positions closed: 84

38% more capital invested

Capital invested by funds: $28.7B [Q1] → $39.6B (+$10.9B) [Q2]

36% more funds holding in top 10

Funds holding in top 10: 22 [Q1] → 30 (+8) [Q2]

12% more repeat investments, than reductions

Existing positions increased: 288 | Existing positions reduced: 258

10% more funds holding

Funds holding: 703 [Q1] → 772 (+69) [Q2]

2.87% more ownership

Funds ownership: 89.54% [Q1] → 92.41% (+2.87%) [Q2]

5% less call options, than puts

Call options by funds: $83.4M | Put options by funds: $88.2M

Research analyst outlook

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

• Low target: $225
• Avg. target: $255
• High target: $280

9 analyst ratings

• positive: 8 89%
• neutral: 1 11%
• negative: 0 0%

Barclays Matthew Bouley	$273	Overweight Maintained	18 Sep 2025
Oppenheimer Scott Schneeberger	$255	Outperform Maintained	17 Sep 2025
Truist Securities Keith Hughes	$260	Buy Maintained	17 Sep 2025
UBS John Lovallo	$225	Neutral Maintained	17 Sep 2025
RBC Capital Mike Dahl	$243	Outperform Maintained	17 Sep 2025