Forgent Power Solutions, Inc. $FPS Stock Holdings Increased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in Forgent Power Solutions, Inc. (NYSE:FPS) by 223.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,300 shares of the company’s stock after purchasing an additional 37,500 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Forgent Power Solutions were worth $2,033,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. bought a new position in Forgent Power Solutions during the 2nd quarter worth $30,000. Triumph Capital Management acquired a new stake in Forgent Power Solutions in the second quarter worth $39,000. City State Bank bought a new stake in Forgent Power Solutions in the third quarter valued at $32,000. IFP Advisors Inc bought a new stake in Forgent Power Solutions in the second quarter valued at $48,000. Finally, GAMMA Investing LLC lifted its stake in Forgent Power Solutions by 918.5% in the third quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock valued at $35,000 after buying an additional 845 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Robert W. Baird assumed coverage on shares of Forgent Power Solutions in a report on Wednesday, July 15th. They set an “outperform” rating and a $55.00 price target for the company. Wells Fargo & Company initiated coverage on shares of Forgent Power Solutions in a report on Thursday, September 24th. They issued an “equal weight” rating and a $44.00 price objective on the stock. Jefferies Financial Group cut their price objective on shares of Forgent Power Solutions from $47.00 to $36.00 and set a “buy” rating on the stock in a research report on Friday, October 23rd. Zacks Research raised shares of Forgent Power Solutions from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Forgent Power Solutions from $56.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, October 9th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Forgent Power Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.21.

Forgent Power Solutions Trading Up 10.2%

NYSE:FPS opened at $27.06 on Wednesday. Forgent Power Solutions, Inc. has a 1 year low of $23.16 and a 1 year high of $66.00. The stock has a market cap of $8.24 billion and a price-to-earnings ratio of 69.39. The business has a fifty day moving average of $33.13 and a 200-day moving average of $38.66. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.54.

Forgent Power Solutions (NYSE:FPS) last issued its quarterly earnings results on Tuesday, September 15th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Forgent Power Solutions had a return on equity of 24.59% and a net margin of 5.76%. The company had revenue of $461.67 million for the quarter. Forgent Power Solutions’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. Equities analysts predict that Forgent Power Solutions, Inc. will post 1.28 earnings per share for the current year.

Forgent Power Solutions Profile

Forgent Power Solutions, Inc is a North American provider of equipment and services used in electrical power distribution. The company supports utilities, commercial and industrial customers, renewable-energy projects, data centers, and other infrastructure operators that require reliable systems for managing and distributing electricity.

Its offerings include power transformers, switchgear, substations, and related electrical distribution equipment. Forgent also provides engineering, field services, maintenance, repair, and other support intended to help customers install, operate, and extend the useful life of critical power infrastructure.

The company serves customers across the United States and Canada through its manufacturing, distribution, and service operations.