FERG

In the past six months, Ferguson completed the acquisition of FloWorks on September 1, 2026, which is expected to increase its total addressable market to approximately $400 billion, alongside other acquisitions totaling $583 million in the first half of 2026. The company also priced $1.2 billion of senior unsecured notes in August 2026. Ferguson reported strong second-quarter results ended June 30, 2026, with net sales up 4.6% year-over-year and diluted EPS rising 6.9%, leading to a raised full-year guidance and a declared quarterly dividend of $0.89 per share. A notable event was its inclusion in the S&P 500® in early August 2026. Despite strong performance, the stock experienced a 4.7% decline on August 11, 2026, due to capital-structure and valuation concerns following the FloWorks acquisition financing, and has declined 1.1% over the past 52 weeks, underperforming the industrial sector due to residential market weakness and growth/debt concerns, though analysts maintain a 'Moderate Buy' consensus.