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Ferguson Enterprises (FERG) has an average rating of overweight and mean price target of $289.84, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $257.36, Change: $-6.42, Percent Change: -2.43%
Wells Fargo Adjusts Ferguson Enterprises PT to $295 From $285, Maintains Overweight Rating
Ferguson Enterprises (FERG) reported higher-than-expected second-quarter results on Monday, while the plumbing supplies distributor forecast full-year sales to grow at the top end of its prior outlook range.Adjusted earnings rose to $3.39 per share for the quarter ended June 30 from $3.22 the year before, topping the FactSet-polled consensus of $3.30. Sales improved 4.6% to $8.75 billion, ahead of the Street's view for $8.68 billion."We delivered another strong quarter of non-residential growth and we returned to growth in residential despite the challenging market backdrop," Chief Executive Kevin Murphy said in a statement. "While the economic environment remains uncertain, our performance year-to-date enables the upward revision of our full year guidance."Shares of the company, which joined the S&P 500 index last week, gained 3% in Monday trade, taking their year-to-date gains to nearly 19%. In addition to plumbing, Ferguson provides heating, ventilation, air conditioning solutions.For 2026, Ferguson now anticipates sales to increase by a mid-single-digit. It previously estimated revenue to rise between low- to mid-single-digits. The Street is looking for $32.74 billion, representing annual growth of 6.4%.The guidance doesn't include the expected impact of the company's proposed acquisition of technical valves and flow control solutions distributor FWI Holdings for about $1.6 billion. That transaction is expected to close in the third quarter of 2026.Sales in the US moved 5% higher annually to $8.34 billion in the second quarter, driven by non-residential markets. In Canada, sales were down 1.9% to $408 million as markets remained "challenging," especially in residential, Ferguson said.Ferguson's stock has been range-bound for most of the year, and could see "somewhat of a breakout" once volatility surrounding the Middle East conflict eases, Truist Securities said in an emailed note.Last month, industrial and construction supplies distributor Fastenal (FAST) reported second-quarter earnings per share in line with market estimates, while revenue surpassed expectations.
The benchmark US stock measures were mostly pointing higher before the opening bell Monday as traders monitor the latest developments in the Middle East and await key inflation data later in the week.The S&P 500 edged up 0.1% and the Nasdaq increased 0.4% in premarket activity, while the Dow Jones Industrial Average slipped 0.2%. The indexes finished Friday trading in the green, with the S&P 500 notching a new closing high.Iranian Foreign Minister Abbas Araghchi said Sunday that Tehran isn't in direct talks with Washington to end their war and reopen the Strait of Hormuz, CNBC reported, citing state media. Araghchi noted that the US will still have to meet Iran's conditions to open the strait, even if a deal is finalized with Oman on the crucial waterway.West Texas Intermediate crude oil inclined 0.9% to $78.85 a barrel before the open, while Brent gained nearly 1% to $84.38.President Donald Trump has signaled that he's prepared to let economic pressure take its toll on Iran instead of mounting another military attack, Axios reported Sunday."We are low-keying it," Trump reportedly said in a phone call, according to Axios. "We are only semi-negotiating with them. We are just watching Iran with its huge inflation and the fact they have no money."With no major economic data scheduled for Monday, traders await the consumer price index for July on Wednesday, followed by wholesale prices and retail sales for the same month on Thursday and Friday, respectively.US Treasury yields were mixed in premarket action, with the two-year rate nudging 0.6 basis points higher to 4.21% while the 10-year rate retreated 0.4 basis points to 4.66%.Last week, official data showed that nonfarm payrolls unexpectedly fell in July, marking the first decline since February. The unemployment rate decreased to 4.1%, the lowest since June 2025 when it stood at the same level.Ferguson Enterprises (FERG), Axsome Therapeutics (AXSM) and monday.com (MNDY) report their latest financial results before the bell, among others. Rocket Lab (RKLB) and Hims & Hers Health (HIMS) post their earnings after the markets close.Shares of Plug Power (PLUG) advanced 5% pre-bell while Palantir Technologies (PLTR) was off 1.4% following a 10% jump at the close of Friday. Super Micro Computer (SMCI) climbed 3.2%.Gold inched up 0.1% to $4,402 per troy ounce, while bitcoin slipped 0.3% to $64,972.
Ferguson Enterprises' (FERG) acquisition of valve and flow-control distributor FloWorks expands the company's addressable market into a high-margin, less cyclical segment, while its history of successful cross-selling suggests revenue synergies could ultimately exceed initial targets, Truist said in a note Monday.The investment firm said the deal gives Ferguson another avenue for market share gains, building on its track record of cross-selling plumbing, HVAC, and construction-related products.The deal expands Ferguson's total addressable market into higher-margin products and projects and the purchase price compares favorably with Ferguson's current trading multiple, according to the note.Truist reiterated its buy rating with a $300 price target.Shares of Ferguson were up 2.3% in Monday afternoon trading.Price: $232.77, Change: $+5.31, Percent Change: +2.33%
Ferguson Enterprises (FERG) and Contractor Commerce are launching a strategic alliance to support Ferguson's contractor customers, the latter said Tuesday.Under the collaboration, contractors will be able to allow their customers to get quotes, book services, purchase equipment, and enroll in memberships directly on their websites, Contractor Commerce said.Financial details were not provided.Price: $258.20, Change: $-2.61, Percent Change: -1.00%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Ferguson's Q1 2026 sales/EPS of USD7.47B/USD2.13 beat consensus estimates of USD7.41B/USD2.03, with net sales increasing 3.6% Y/Y, led by 2.8% organic growth and 0.8% acquisition contributions. Gross margin expanded 30 bps to 31.0%, while operating margin improved 120 bps to 8.2%, demonstrating operational excellence despite mixed end-market conditions. We are positive about the strong margin expansion, robust 8% non-residential growth offsetting the 1% residential decline, and disciplined capital allocation, including USD236M in share repurchases and a new USD2.0B buyback program. Ferguson maintained its 2026 guidance for low- to mid-single-digit sales growth with adjusted operating margins of 9.4%-9.8%, reflecting confidence in continued market outperformance. We believe the company's diversified end-market exposure and value-added distribution model position it well to capitalize on long-term growth drivers, including water infrastructure and large capital projects.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Ferguson's Q1 2026 sales/EPS of USD7.47B/USD2.13 beat consensus estimates of USD7.41B/USD2.03, with net sales increasing 3.6% Y/Y, led by 2.8% organic growth and 0.8% acquisition contributions. Gross margin expanded 30 bps to 31.0%, while operating margin improved 120 bps to 8.2%, demonstrating operational excellence despite mixed end-market conditions. We are positive about the strong margin expansion, robust 8% non-residential growth offsetting the 1% residential decline, and disciplined capital allocation, including USD236M in share repurchases and a new USD2.0B buyback program. Ferguson maintained its 2026 guidance for low- to mid-single-digit sales growth with adjusted operating margins of 9.4%-9.8%, reflecting confidence in continued market outperformance. We believe the company's diversified end-market exposure and value-added distribution model position it well to capitalize on long-term growth drivers, including water infrastructure and large capital projects.
