Why Ferguson Enterprises Inc. (FERG) Skyrocketed On Tuesday

We recently published a list of 10 Stocks Leaving Wall Street in The Dust. In this article, we are going to take a look at where Ferguson Enterprises Inc. (NYSE:FERG) stands against other Tuesday’s best performers.

Ferguson Enterprises jumped by 17.23 percent on Tuesday to close at $211.36 as investor sentiment was buoyed by its higher net sales growth outlook for the rest of the year.

In a statement, Ferguson Enterprises Inc. (NYSE:FERG) raised its net sales growth guidance to low- to mid-single digits for full-year 2025, versus only low-single digits previously.

A busy warehouse stocked with a variety of industrial plumbing parts.

“We remain confident in our markets over the medium term and continue to balance investment in key strategic opportunities, leveraging multiyear tailwinds in both residential and non-residential markets as we support the complex project needs of our specialized professional customers,” said Ferguson Enterprises Inc. (NYSE:FERG) CEO Kevin Murphy.

In the third quarter of fiscal year 2025, Ferguson Enterprises Inc. (NYSE:FERG) said net income dropped by 7.4 percent to $410 million from $443 million in the same period last year.

Net sales, however, rose by 4.1 percent to $7.6 billion from $7.3 billion year-on-year.

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Disclosure: None. This article is originally published at Insider Monkey.