FergusonFERG
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
1.52% more ownership
Funds ownership: 79.23% [Q1] → 80.74% (+1.52%) [Q2]
0% less funds holding
Funds holding: 648 [Q1] → 645 (-3) [Q2]
4% less first-time investments, than exits
New positions opened: 68 | Existing positions closed: 71
5% less repeat investments, than reductions
Existing positions increased: 239 | Existing positions reduced: 251
16% less capital invested
Capital invested by funds: $42.4B [Q1] → $35.7B (-$6.62B) [Q2]
32% less funds holding in top 10
Funds holding in top 10: 25 [Q1] → 17 (-8) [Q2]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Baird David Manthey 83% 1-year accuracy 20 / 24 met price target | 18%upside $230 | Outperform Maintained | 16 Oct 2024 |
Wells Fargo Sam Reid 88% 1-year accuracy 15 / 17 met price target | 15%upside $225 | Overweight Maintained | 18 Sept 2024 |
Citigroup Anthony Pettinari 88% 1-year accuracy 15 / 17 met price target | 13%upside $221 | Neutral Maintained | 18 Sept 2024 |
Barclays Matthew Bouley 89% 1-year accuracy 40 / 45 met price target | 25%upside $245 | Overweight Maintained | 18 Sept 2024 |
UBS John Lovallo 90% 1-year accuracy 9 / 10 met price target | 21%upside $236 | Buy Maintained | 18 Sept 2024 |
Financial journalist opinion
Based on 5 articles about FERG published over the past 30 days
