Michael Jacobs, Senior Vice President of Supply Chain at Ferguson Enterprises Inc. (NYSE:FERG), recently executed several stock transactions according to a Form 4 filing with the Securities and Exchange Commission. On October 14, Jacobs sold 2,624 shares of Ferguson Enterprises common stock at an average price of $200.96, totaling approximately $527,320.
In addition to the sale, Jacobs acquired 3,309 shares of common stock on the same day as part of a settlement from a previous grant under the company's Performance Ordinary Share Plan. These shares were acquired at no cost. Furthermore, on October 14, Jacobs received 709 shares through a vested Conditional Share Award.
On October 15, Jacobs was also granted 1,116 Restricted Stock Units, which will vest in three equal annual installments starting October 15, 2025, as per the company's 2023 Omnibus Equity Incentive Plan. Additionally, he received 2,381 stock options, which will also vest in three equal annual installments beginning in 2025.
In other recent news, Ferguson Plc has shown resilience amidst market turbulence, reporting a 1.4% year-over-year increase in Q4 revenue to $7.9 billion. The company's adjusted operating profit rose by 5.3% to $857 million, while 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 has revised its outlook on Ferguson, raising the price target to $221 from $203 and maintaining a Neutral rating on the stock. This follows the company's Q4 earnings beating expectations and the company providing a more optimistic fiscal year 2025 guidance than anticipated. Analyst firms such as BofA Securities, RBC Capital Markets, and Baird have also updated their outlooks on Ferguson, reflecting confidence in the company's performance and future prospects. These recent developments underscore the company's operational efficiency and strategic focus amidst challenging market conditions.
InvestingPro Insights
To provide context for Michael Jacobs' recent stock transactions, it's worth examining Ferguson Enterprises Inc.'s (NYSE:FERG) current financial position and market performance.
According to InvestingPro data, Ferguson has a market capitalization of $40.68 billion and a P/E ratio of 23.64, indicating a relatively high valuation compared to earnings. This valuation is further emphasized by the company's Price to Book ratio of 7.25, which an InvestingPro Tip notes as "trading at a high Price / Book multiple."
Despite the high valuation, Ferguson demonstrates financial stability. An InvestingPro Tip highlights that the company's "liquid assets exceed short term obligations," suggesting a strong balance sheet. Additionally, Ferguson "operates with a moderate level of debt," which could be seen as a positive factor in the current economic environment.
The company's revenue for the last twelve months stands at $29.64 billion, with a gross profit margin of 30.55%. While revenue growth has been slightly negative at -0.33% over the last twelve months, quarterly revenue growth shows a positive trend at 1.38%, indicating a potential turnaround.
Investors might be interested to know that Ferguson has been "profitable over the last twelve months" and analysts predict continued profitability this year, according to InvestingPro Tips. The company's return on assets is 10.66%, reflecting efficient use of its assets to generate profits.
For those considering Ferguson's stock, it's trading at 89.89% of its 52-week high, with a 1-year price total return of 23.75%. This performance aligns with another InvestingPro Tip noting Ferguson's "strong return over the last five years."
These insights provide valuable context for understanding the environment in which Michael Jacobs' stock transactions took place. For investors seeking a more comprehensive analysis, InvestingPro offers 8 additional tips for Ferguson, which could further inform investment decisions.
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