Williams Garland, Senior Vice President at Ferguson Enterprises Inc. (NYSE:FERG), reported a sale of company stock valued at $224,963. The transaction, which took place on October 14, 2024, involved the sale of 1,118 shares at an average price of $201.22 per share. Following this sale, Garland holds 1,882 shares directly.
In addition to the sale, Garland acquired 3,180 shares of common stock without any cash transaction, through a settlement of a 2021 grant under the company's Performance Ordinary Share Plan. Another acquisition of 681 shares came from a Conditional Share Award that vested on October 14, 2024. Furthermore, Garland received 1,638 Restricted Stock Units under the 2023 Omnibus Equity Incentive Plan, which will vest in three equal annual installments starting October 15, 2025.
Garland's transactions also included an acquisition of 3,495 stock options under the same 2023 Omnibus Equity Incentive Plan, which will vest in three equal annual installments beginning October 15, 2025.
In other recent news, Ferguson Plc reported Q4 earnings exceeding expectations, revealing a modest 1.4% year-over-year increase in revenue, reaching $7.9 billion. The adjusted operating profit rose by 5.3% to $857 million, and the adjusted diluted earnings per share grew by 7.6% to $2.98. For the fiscal year, Ferguson achieved total revenue of $29.6 billion and generated a robust $1.9 billion in operating cash flow. Citi, BofA Securities, RBC Capital Markets, Baird, and Wells Fargo (NYSE:WFC) have all updated their price targets for Ferguson, reflecting recent developments and future prospects. Despite facing market challenges, Ferguson anticipates low-single-digit contraction in the underlying market for fiscal year 2025, but expects price and volume to pick up as end-markets show signs of improvement. The company has shown resilience, maintaining steady growth and returning $1.4 billion to shareholders through dividends and share repurchases. These are among the recent developments for Ferguson.
InvestingPro Insights
To provide context for Williams Garland's recent stock transactions at Ferguson Enterprises Inc. (NYSE:FERG), let's examine some key financial metrics and insights from InvestingPro.
Ferguson, a prominent player in the Trading Companies & Distributors industry, currently boasts a market capitalization of $40.68 billion. The company's P/E ratio stands at 23.64, indicating that investors are willing to pay a premium for its earnings. This valuation is further supported by the company's strong financial position, as highlighted by one of the InvestingPro Tips: "Liquid assets exceed short term obligations."
Despite the recent insider sale, Ferguson's financial health appears robust. The company's revenue for the last twelve months as of Q4 2024 was $29.64 billion, with a gross profit margin of 30.55%. This solid performance is reflected in another InvestingPro Tip: "Profitable over the last twelve months."
Investors should note that Ferguson operates with a moderate level of debt, which could provide flexibility for future growth initiatives. Additionally, the company's dividend yield of 1.58% and dividend growth of 5.33% in the last twelve months may appeal to income-focused investors.
It's worth mentioning that InvestingPro has identified 8 additional tips for Ferguson, which could provide further insights for potential investors. These tips, along with more detailed financial analysis, are available through the InvestingPro product.
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