Ferguson (FERG)

• Market cap: $44.3B
• 1 day: -1.70%
• 5 days: -0.66%
• 1 month: 3.35%
• 3 months: 33.91%
• 6 months: 29.45%
• Year to date: 27.23%
• 1 year: 12.83%
• 5 years: 84.61%
• 10 years: 84.61%
• 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 Q1 regulatory disclosures by fund managers ($100M+ AUM)

22% more funds holding in top 10

Funds holding in top 10: 18 [Q4 2024] → 22 (+4) [Q1 2025]

18% more first-time investments, than exits

New positions opened: 109 | Existing positions closed: 92

1.23% more ownership

Funds ownership: 88.05% [Q4 2024] → 89.28% (+1.23%) [Q1 2025]

0% less funds holding

Funds holding: 694 [Q4 2024] → 693 (-1) [Q1 2025]

4% less repeat investments, than reductions

Existing positions increased: 253 | Existing positions reduced: 264

7% less call options, than puts

Call options by funds: $75.9M | Put options by funds: $81.8M

6% less capital invested

Capital invested by funds: $30.5B [Q4 2024] → $28.6B (-$1.92B) [Q1 2025]

Research analyst outlook

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

• Low target: $204 8% downside
• Avg. target: $236 7% upside
• High target: $280 27% upside

8 analyst ratings

• positive: 7 88%
• neutral: 1 13%
• negative: 0 0%

Wells Fargo Sam Reid	13% upside $250	Overweight Maintained	8 Jul 2025
Goldman Sachs Suhasini Varanasi	27% upside $280	Buy Initiated	18 Jun 2025
Morgan Stanley Annelies Vermeulen	0% downside $220	Overweight Maintained	9 Jun 2025
JP Morgan Patrick Baumann	0% downside $220	Overweight Maintained	6 Jun 2025
Oppenheimer Scott Schneeberger	7% upside $235	Outperform Maintained	4 Jun 2025