Forgent Power Solutions, Inc. $FPS Stock Holdings Cut by Moody National Bank Trust Division

Moody National Bank Trust Division reduced its position in shares of Forgent Power Solutions, Inc. (NYSE:FPS) by 51.2% in the third quarter, HoldingsChannel reports. The firm owned 68,254 shares of the company’s stock after selling 71,555 shares during the quarter. Moody National Bank Trust Division’s holdings in Forgent Power Solutions were worth $2,555,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in FPS. Northwestern Mutual Wealth Management Co. bought a new stake in Forgent Power Solutions during the second quarter valued at approximately $30,000. Triumph Capital Management bought a new position in Forgent Power Solutions in the second quarter worth approximately $39,000. IFP Advisors Inc purchased a new position in shares of Forgent Power Solutions during the 2nd quarter worth $48,000. Hollencrest Capital Management purchased a new position in shares of Forgent Power Solutions during the 2nd quarter worth $56,000. Finally, Allworth Financial LP bought a new stake in shares of Forgent Power Solutions during the 2nd quarter valued at $86,000.

Forgent Power Solutions Price Performance

Forgent Power Solutions stock traded up $2.44 during mid-day trading on Tuesday, hitting $41.41. The stock had a trading volume of 9,118,617 shares, compared to its average volume of 6,697,793. Forgent Power Solutions, Inc. has a one year low of $25.95 and a one year high of $66.00. The company has a current ratio of 1.54, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $12.61 billion and a P/E ratio of 106.18. The firm’s 50 day moving average is $34.88 and its 200 day moving average is $40.59.

Forgent Power Solutions (NYSE:FPS) last announced its quarterly earnings data on Tuesday, September 15th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The business had revenue of $461.67 million for the quarter. Forgent Power Solutions had a return on equity of 24.59% and a net margin of 5.76%.The business’s revenue for the quarter was up 94.3% compared to the same quarter last year. Forgent Power Solutions has set its FY 2027 guidance at 1.260-1.400 EPS. On average, sell-side analysts forecast that Forgent Power Solutions, Inc. will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on FPS shares. Zacks Research cut Forgent Power Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 8th. TD Cowen upped their price target on Forgent Power Solutions from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, September 16th. Weiss Ratings downgraded Forgent Power Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. Wolfe Research reiterated an “outperform” rating and set a $60.00 price objective on shares of Forgent Power Solutions in a research note on Thursday, July 9th. Finally, KeyCorp restated an “overweight” rating on shares of Forgent Power Solutions in a research note on Wednesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Forgent Power Solutions presently has an average rating of “Moderate Buy” and an average price target of $55.43.

About Forgent Power Solutions

Forgent Power Solutions, Inc is an electrical infrastructure company that provides equipment and related solutions used in power generation, transmission, distribution and industrial applications. Its offerings support the delivery, control and management of electricity across utility and commercial power systems.

The company’s products and services include transformers, switchgear, substations and other electrical distribution equipment. These solutions are used by electric utilities, industrial customers, commercial facilities and other organizations that require reliable power infrastructure.

Forgent Power Solutions serves customers involved in the North American power and electrical infrastructure markets.