Schlicher Jake sold $686K of FERG

RBC Capital increased its price target for Ferguson Enterprises (FERG) to $288, citing strong Q3 results and raised full-year guidance. The stock is up 18.55% YTD. RBC also raised its 2026 and 2027 EBITDA estimates. Ferguson's Q3 revenue grew 9.5% to $9.03B, but EPS missed estimates. Bernstein SocGen maintained an Outperform rating with a $325 target.

Ferguson plc reported Q3 2026 revenue growth of 9.5%, with non-residential and industrial segments outperforming. The company raised full-year net sales guidance to 7% and expects continued pressure on residential construction. Gross margin was 30.9%, supported by value-added solutions. Management paused share repurchases to manage leverage post-acquisition but expects to resume them as net debt trends back toward 1.0x.

Ferguson (FERG) reported Q3 2026 operating profit of $962M, up 9% YoY, with EPS growth of 8%. The company completed 3 acquisitions, including FloWorks, and raised full-year guidance. U.S. business grew 10.2%, with strong performance in Commercial/Mechanical and Industrial segments. Total sales were $9B, up 9.5% YoY, with net debt to EBITDA at 1.7x.

Ferguson Enterprises Inc (FERG) reported Q3 2026 revenue of $9 billion, up 9.5%, with operating profit increasing 8.9% to $962 million. The company raised full-year 2026 net sales guidance to 7% growth. Industrial segment grew 55%, while residential markets remained weak. FERG deployed $2 billion in capital, including three acquisitions, and paused share buybacks. Gross margin was 30.9%, with mixed pressures from large capital projects.

Ferguson Enterprises Inc. (FERG) raised its FY2026 net sales outlook to approximately 7% growth and guided a 9.6%-9.8% operating margin. The company provided these updates in its recent financial guidance.

Ferguson Enterprises (FERG) shares rose 12% after Q3 results showed profit growth and raised full-year sales guidance. The stock is at $262.54, up from $233.70. It has traded between $212.13 and $271.64 in the past year, according to the company.