71,555 Forgent Power Solutions, Inc. $FPS Shares Sold by Moody National Bank Trust Division

Key Points

• Moody National Bank Trust Division cut its Forgent Power Solutions stake by 51.2% in the third quarter, selling 71,555 shares and retaining 68,254 shares valued at approximately $2.56 million.
• Analyst sentiment remains broadly positive, with an average “Moderate Buy” rating and a consensus price target of $55.43, despite recent downgrades from Zacks Research and Weiss Ratings.
• Forgent reported quarterly EPS of $0.25, slightly ahead of estimates, while revenue rose 94.3% year over year to $461.67 million. Shares traded at $41.41, with a market capitalization of about $12.61 billion.

Moody National Bank Trust Division reduced its stake in Forgent Power Solutions, Inc. (NYSE:FPS - Free Report) by 51.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on FPS shares. Zacks Research downgraded shares of Forgent Power Solutions from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 8th. Sanford C. Bernstein assumed coverage on shares of Forgent Power Solutions in a research note on Friday. They issued an "outperform" rating and a $48.00 target price on the stock. Oppenheimer reiterated an "outperform" rating and set a $60.00 price target on shares of Forgent Power Solutions in a report on Wednesday, September 16th. Robert W. Baird assumed coverage on shares of Forgent Power Solutions in a report on Wednesday, July 15th. They issued an "outperform" rating and a $55.00 price objective for the company. Finally, Weiss Ratings cut Forgent Power Solutions from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $55.43.

Forgent Power Solutions Stock Performance

FPS traded up $2.44 during midday trading on Tuesday, hitting $41.41. 9,118,617 shares of the company traded hands, compared to its average volume of 6,697,793. The company's 50-day moving average is $34.88 and its 200 day moving average is $40.59. The company has a quick ratio of 1.07, a current ratio of 1.54 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $12.61 billion and a PE ratio of 106.18. Forgent Power Solutions, Inc. has a 52 week low of $25.95 and a 52 week high of $66.00.

Forgent Power Solutions (NYSE:FPS - Get Free Report) last announced its quarterly earnings results on Tuesday, September 15th. The company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. Forgent Power Solutions had a net margin of 5.76% and a return on equity of 24.59%. The firm had revenue of $461.67 million during the quarter. The company's revenue 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, research analysts expect that Forgent Power Solutions, Inc. will post 1.27 EPS for the current year.

Forgent Power Solutions Profile

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.

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