Ferguson Enterprises Inc. (FERG) reported second-quarter net sales of $8.8 billion, up 4.6% from a year earlier, and diluted earnings per share of $3.43, up 6.9%. Reported operating profit was $893 million, with operating margin at 10.2%.
The company increased its calendar 2026 guidance to mid-single-digit net sales growth and an adjusted operating margin range of 9.5% to 9.8%. Ferguson also completed five acquisitions during the quarter and signed a definitive agreement to acquire FloWorks.
- Net sales were $8.751 billion for the quarter ended June 30, 2026.
- Net income was $666 million, compared with $634 million a year earlier.
- Reported diluted EPS was $3.43, compared with $3.21 a year earlier.
- Gross margin was 31.0%, down 20 basis points from the prior year.
- The company repurchased $202 million of shares during the quarter.
- Ferguson declared a quarterly dividend of $0.89, payable October 7, 2026.
- Net debt to adjusted EBITDA was 1.3x at June 30, 2026.
$FERG Hedge Fund Activity
We have seen 437 institutional investors add shares of $FERG stock to their portfolio, and 433 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CANTILLON CAPITAL MANAGEMENT LLC removed 1,668,754 shares (-95.4%) from their portfolio in Q2 2026, for an estimated $396,045,386
- MITSUBISHI UFJ ASSET MANAGEMENT CO., LTD. added 883,896 shares (+391.9%) to their portfolio in Q2 2026, for an estimated $209,775,037
- WELLINGTON MANAGEMENT GROUP LLP removed 878,144 shares (-9.4%) from their portfolio in Q1 2026, for an estimated $201,665,769
- BANK OF NEW YORK MELLON CORP removed 871,328 shares (-15.3%) from their portfolio in Q2 2026, for an estimated $206,792,274
- FMR LLC added 826,298 shares (+11.8%) to their portfolio in Q1 2026, for an estimated $189,759,335
- VONTOBEL HOLDING LTD. removed 774,986 shares (-33.7%) from their portfolio in Q2 2026, for an estimated $183,927,427
- DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN added 773,598 shares (+5978.3%) to their portfolio in Q1 2026, for an estimated $177,656,780
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
