5 New Contenders for S&P 500 Index

2. Ferguson Enterprises Inc. (NYSE:FERG)

Number of Hedge Fund Holders: 84

Ferguson Enterprises Inc. (NYSE:FERG) is one of the 10 new contenders for S&P 500 Index.

Wells Fargo lowered its price target on Ferguson Enterprises Inc. (NYSE:FERG) from $285 to $260 on April 8, 2026.  The firm maintained an Overweight rating on the stock. Wells Fargo noted that housing stocks have underperformed the S&P 500 by 12 points since the Iran conflict began. According to the analyst, the sector remains risky ahead of Q1 earnings, driving the firm to maintain a selective approach toward companies reporting this quarter.

In another development, on March 30, 2026, Morgan Stanley raised its price target on Ferguson Enterprises Inc. (NYSE:FERG) from 20,100 GBp to 21,100 GBp. The firm reiterated an Overweight rating on the company’s stock. With its investors awaiting the first-quarter results and the company’s conference call on Tuesday, May 5, 2026, Ferguson Enterprises Inc. (NYSE:FERG) maintains a consensus Buy rating from 25 analysts covering the stock as of April 24, 2026. The stock is expected to grow by an average of 6.31% over the next 12 months.

Founded in 1953, Ferguson Enterprises Inc. (NYSE:FERG) is the largest North American distributor of plumbing and HVAC supplies. Headquartered in Virginia, the company serves more than 30,000 suppliers and over one million customers in the residential, commercial, and infrastructure sectors.