Ferguson Reports Q4 Earnings Amid Weak Residential Market
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 10 2024
0mins
Should l Buy FERG?
Ferguson Enterprises Inc's stock fell 5.04% as it hit a 20-day low amid a challenging market environment.
The company reported a 2% decline in U.S. residential revenue year-over-year, primarily due to lower housing starts and subdued demand, which has negatively impacted overall revenue. Despite this, non-residential revenue rose by 10%, showcasing the company's strength in large capital projects. Management remains optimistic about future growth, projecting net sales to increase in the low to mid-single digits for 2026.
The mixed performance highlights the challenges Ferguson faces in the residential sector, while its non-residential growth indicates potential resilience. Investors will be closely watching how the company navigates these market dynamics moving forward.
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Analyst Views on FERG
Wall Street analysts forecast FERG stock price to rise
15 Analyst Rating
11 Buy
4 Hold
0 Sell
Moderate Buy
Current: 260.490
Low
220.32
Averages
262.26
High
289.42
Current: 260.490
Low
220.32
Averages
262.26
High
289.42
About FERG
Ferguson Enterprises Inc. is a value-added distributor serving specialized professionals in the residential and non-residential North American construction market. The Company’s geographical segments include the United States and Canada. The Company provides a wide range of products and services, such as plumbing, heating, ventilation and air conditioning (HVAC), appliances, and lighting to pipes, valves, and fittings (PVF), water and wastewater solutions, and more. It sells through a common network of distribution centers, branches, counter service and specialist sales associates, showroom consultants and e-commerce channels. The Company serves various industries, such as plumbing, HVAC, commercial / mechanical, facilities supply, fire & fabrication, industrial, builder, waterworks. The Company’s brands include Armateck, Durastar, FNW, National Fire Products, Pollardwater, PROFLO, PROSELECT, Raptor, Signature Hardware, and Westcraft.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Ferguson Enterprises Declares $0.89 Quarterly Dividend Amid Soft Outlook
- Quarterly Dividend Declaration: Ferguson Enterprises Inc. has declared a quarterly dividend of $0.89 per share, consistent with previous distributions, indicating the company's stability in the current market environment despite challenges in the residential sector.
- Dividend Yield: The forward yield of 1.39% reflects the company's ongoing efforts to attract investors, even as the market remains cautious about the outlook for 2026.
- Payment Schedule: The dividend is payable on April 30, with a record date of March 6 and an ex-dividend date also set for March 6, ensuring shareholders receive timely returns and bolstering investor confidence.
- Market Performance and Targets: Despite a soft outlook in the residential market, Ferguson has set ambitious targets of reaching a $40 billion revenue milestone and maintaining a margin of over 10%, demonstrating the company's strategic positioning and resilience in the infrastructure supercycle.
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FERGUSON ENTERPRISES INC.: WELLS FARGO LOWERS TARGET PRICE FROM $285 TO $260
- Company Announcement: Ferguson Enterprises has announced a price cut for its Wells Fargo target price.
- New Target Price: The target price has been reduced from $285 to $260.
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New Teacher Support Program Significantly Reduces Turnover Rate
- Funding Background: The ACT Grant, a collaborative effort funded by BayPort Foundation, Ferguson, Newport News Shipbuilding, and Virginia Natural Gas, provides $500,000 to enhance the Newport News Public Schools' new teacher support program, aiming to improve teacher retention rates.
- Significant Drop in Turnover: With the support of the ACT Grant, the turnover rate for novice teachers in Newport News Public Schools decreased dramatically from 36% in the 2023-2024 school year to 16% in the 2024-2025 school year, demonstrating the program's effectiveness in retaining educators.
- Training and Development: The initiative offers targeted professional development and
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New Teacher Support Program Significantly Reduces Turnover Rate
- Significant Turnover Reduction: With support from the ACT Grant, Newport News Public Schools reduced novice teacher turnover from 36% in the 2023-2024 school year to 16% in 2024-2025, achieving a 20% reduction target and demonstrating the program's positive impact on teacher retention.
- Funding and Collaboration: The ACT Grant, funded by the BayPort Foundation, Ferguson, Newport News Shipbuilding, and Virginia Natural Gas, provides $500,000 to enhance training and support for the New Teacher Institute, ensuring new educators' effectiveness in the classroom.
- Investment in Professional Development: NNPS invested in
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Ferguson Enterprises Declares $0.89 Quarterly Dividend Amid Soft Outlook
- Quarterly Dividend Declaration: Ferguson Enterprises Inc. has declared a quarterly dividend of $0.89 per share, consistent with previous distributions, indicating the company's stability in the current market environment despite challenges in the residential sector.
- Dividend Yield: The forward yield of 1.39% reflects the company's ongoing efforts to attract investors, even as the market remains cautious about the outlook for 2026.
- Payment Schedule: The dividend is payable on April 30, with a record date of March 6 and an ex-dividend date also set for March 6, ensuring shareholders receive timely returns and bolstering investor confidence.
- Market Performance and Targets: Despite a soft outlook in the residential market, Ferguson has set ambitious targets of reaching a $40 billion revenue milestone and maintaining a margin of over 10%, demonstrating the company's strategic positioning and resilience in the infrastructure supercycle.
See More
FERGUSON ENTERPRISES INC.: WELLS FARGO LOWERS TARGET PRICE FROM $285 TO $260
- Company Announcement: Ferguson Enterprises has announced a price cut for its Wells Fargo target price.
- New Target Price: The target price has been reduced from $285 to $260.
See More
Steer Clear of Deere and Other Costly Industrial Stocks: Here Are 3 Alternatives to Consider.
- Physical Goods Surge: Companies producing physical goods are experiencing significant growth this year.
- AI-Disruptible Services Lag: In contrast, shares of service and software providers that are vulnerable to AI disruption are not performing as well.
See More
Analysts Recommend Avoiding Deere and Other Industrial Stocks, Favoring Federal Signal and Others as Buys.
- Physical Goods Surge: This year has seen a significant increase in the production and sales of physical goods.
- AI-Disruptible Services Lag: Companies focused on AI-disruptible services and software are not keeping pace with those producing tangible products.
See More
New Teacher Support Program Significantly Reduces Turnover Rate
- Funding Background: The ACT Grant, a collaborative effort funded by BayPort Foundation, Ferguson, Newport News Shipbuilding, and Virginia Natural Gas, provides $500,000 to enhance the Newport News Public Schools' new teacher support program, aiming to improve teacher retention rates.
- Significant Drop in Turnover: With the support of the ACT Grant, the turnover rate for novice teachers in Newport News Public Schools decreased dramatically from 36% in the 2023-2024 school year to 16% in the 2024-2025 school year, demonstrating the program's effectiveness in retaining educators.
- Training and Development: The initiative offers targeted professional development and
See More
New Teacher Support Program Significantly Reduces Turnover Rate
- Significant Turnover Reduction: With support from the ACT Grant, Newport News Public Schools reduced novice teacher turnover from 36% in the 2023-2024 school year to 16% in 2024-2025, achieving a 20% reduction target and demonstrating the program's positive impact on teacher retention.
- Funding and Collaboration: The ACT Grant, funded by the BayPort Foundation, Ferguson, Newport News Shipbuilding, and Virginia Natural Gas, provides $500,000 to enhance training and support for the New Teacher Institute, ensuring new educators' effectiveness in the classroom.
- Investment in Professional Development: NNPS invested in
See More
