Stirrup Allison, Chief Human Resources Officer at Ferguson Enterprises Inc. (NYSE:FERG), recently disclosed a series of transactions involving the company's common stock. According to a recent SEC filing, Allison sold 993 shares on October 14, 2024, at an average price of $201.29, totaling approximately $199,878.
In addition to the sale, Allison acquired 1,930 shares of common stock on the same day through a grant, and 62 shares were acquired by a spouse on October 15. These acquisitions were part of the Ferguson Enterprises Inc. Performance Ordinary Share Plan 2019 and the 2023 Omnibus Equity Incentive Plan, both of which provided shares at no cost.
Furthermore, the filing reveals that Allison exercised options for 413 shares and acquired additional stock through conditional share awards. The transactions reflect Allison's ongoing involvement with the company's equity plans.
In other recent news, Ferguson Plc reported Q4 earnings that surpassed expectations and provided a more optimistic fiscal year 2025 guidance than anticipated. The company's Q4 earnings revealed a 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. Several analyst firms have updated their outlooks on Ferguson. Citi increased the price target to $221 while maintaining a Neutral rating, BofA Securities maintained an underperform rating but raised the price target to $185, and RBC Capital Markets increased the price target to $219, maintaining an outperform rating. Baird also maintained an outperform rating and lifted the price target to $225, while Wells Fargo lowered the price target to $225 while keeping an overweight rating on the stock.
InvestingPro Insights
To provide context for Stirrup Allison's recent transactions, let's examine some key financial metrics for Ferguson Enterprises Inc. (NYSE:FERG). According to InvestingPro data, Ferguson boasts a substantial market capitalization of $40.68 billion, positioning it as a prominent player in the Trading Companies & Distributors industry.
The company's P/E ratio stands at 23.64, suggesting that investors are willing to pay a premium for Ferguson's earnings. This valuation is further supported by the company's strong financial health, as indicated by two InvestingPro Tips: Ferguson's liquid assets exceed its short-term obligations, and it operates with a moderate level of debt. These factors may contribute to investor confidence and the stock's relatively high valuation.
Ferguson's revenue for the last twelve months as of Q4 2024 was $29.64 billion, with a gross profit margin of 30.55%. While the company experienced a slight revenue decline of 0.33% over this period, it maintains profitability, as highlighted by another InvestingPro Tip: Ferguson has been profitable over the last twelve months.
The stock's performance has been notable, with a one-year price total return of 23.75% as of the most recent data. This aligns with yet another InvestingPro Tip indicating that Ferguson has delivered a strong return over the last five years.
It's worth noting that InvestingPro offers additional insights, with 8 more tips available for Ferguson. These could provide valuable context for understanding Allison's stock transactions and the company's overall financial position.
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