William T. Thees Jr., Senior Vice President at Ferguson Enterprises Inc. (NYSE:FERG), recently executed several stock transactions, according to a recent SEC filing. On October 14, Thees sold 5,111 shares of Ferguson's common stock, generating proceeds of approximately $1.03 million, with the shares sold at an average price of $200.97 each.
In addition to the stock sale, Thees acquired 7,612 shares of common stock at no cost as part of a performance share plan settlement. He also exercised 1,631 conditional share awards and acquired 4,000 stock options on October 15, which are set to vest in three equal installments starting in 2025.
Following these transactions, Thees holds a total of 27,386 shares of Ferguson's common stock.
In other recent news, Ferguson Plc has reported a modest 1.4% year-over-year increase in Q4 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 have all adjusted their outlooks on Ferguson, with varied price targets and ratings. These adjustments are based on recent earnings results and the company's guidance for fiscal year 2025. Ferguson has also announced that it returned $1.4 billion to shareholders through dividends and share repurchases. Despite current market challenges, the company has shown resilience and continues to maintain steady growth.
InvestingPro Insights
To provide context for William T. Thees Jr.'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 performance, with a revenue of $29.64 billion in the last twelve months as of Q4 2024.
InvestingPro Tips highlight that Ferguson operates with a moderate level of debt and that its liquid assets exceed short-term obligations, indicating a solid financial position. This financial stability may have influenced Thees' decision to exercise stock options and acquire additional shares through performance-based awards.
Another noteworthy InvestingPro Tip reveals that Ferguson has delivered a high return over the last decade, which aligns with the company's attractive stock performance. The 1-year price total return of 23.75% as of the most recent data underscores the stock's strong performance, potentially explaining why insiders like Thees might be interested in increasing their holdings while also realizing some gains through stock sales.
For investors seeking a more comprehensive analysis, InvestingPro offers 6 additional tips that could provide further insights into Ferguson's financial health and market position.
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