Ferguson PLC (FERG) has released an update.
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Ferguson PLC has announced the repurchase of 167,825 shares as part of its $4.0 billion share buyback initiative, aimed at reducing the outstanding share count and returning value to shareholders. The shares bought between September 9 and September 13, 2024, will be held in treasury, bringing the total treasury-held shares to 562,031 and leaving 200,781,222 shares of common stock issued and outstanding. This stock movement could be significant for shareholders tracking the company’s market activity and ownership changes.
For further insights into FERG stock, check out TipRanks’ Stock Analysis page.
