Forgent Power Solutions, Inc. $FPS Shares Purchased by Brooklands Fund Management Ltd

Key Points

• Brooklands Fund Management increased its Forgent Power Solutions stake by 48.9% in the third quarter, ending with 161,994 shares worth approximately $6.1 million. Several other institutional investors also initiated or expanded positions.
• Analysts maintain a generally positive outlook, with the stock receiving a “Moderate Buy” consensus rating and an average price target of $54.21, despite recent target reductions from Jefferies and JPMorgan.
• Forgent reported quarterly EPS of $0.25, slightly above estimates, while revenue surged 94.3% year over year to $461.67 million. Shares opened at $28.38, near the lower end of their 52-week range of $23.16 to $66.00.

Brooklands Fund Management Ltd raised its stake in shares of Forgent Power Solutions, Inc. (NYSE:FPS - Free Report) by 48.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 161,994 shares of the company's stock after acquiring an additional 53,182 shares during the period. Forgent Power Solutions makes up 0.9% of Brooklands Fund Management Ltd's investment portfolio, making the stock its 25th biggest holding. Brooklands Fund Management Ltd owned 0.05% of Forgent Power Solutions worth $6,065,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in FPS. Value Aligned Research Advisors LLC purchased a new position in Forgent Power Solutions in the 2nd quarter valued at $176,441,000. State Street Corp purchased a new position in Forgent Power Solutions during the 2nd quarter worth $118,073,000. Assenagon Asset Management S.A. raised its position in Forgent Power Solutions by 177.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,900,452 shares of the company's stock worth $71,153,000 after buying an additional 1,216,571 shares during the last quarter. Spyglass Capital Management LLC purchased a new stake in shares of Forgent Power Solutions in the second quarter valued at about $39,401,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Forgent Power Solutions during the second quarter worth about $23,123,000.

Analysts Set New Price Targets

FPS has been the subject of a number of research reports. KeyCorp reissued an "overweight" rating on shares of Forgent Power Solutions in a research report on Wednesday, September 16th. Wells Fargo & Company started coverage on 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 decreased their target price on Forgent Power Solutions from $47.00 to $36.00 and set a "buy" rating for the company in a report on Friday, October 23rd. Robert W. Baird assumed coverage on shares of Forgent Power Solutions in a research report on Wednesday, July 15th. They set an "outperform" rating and a $55.00 target price for the company. Finally, JPMorgan Chase & Co. cut their price target on shares of Forgent Power Solutions from $56.00 to $49.00 and set an "overweight" rating on the stock in a report on Friday, October 9th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $54.21.

Forgent Power Solutions Stock Performance

FPS stock opened at $28.38 on Friday. The company has a 50-day simple moving average of $33.56 and a 200 day simple moving average of $38.88. The company has a quick ratio of 1.07, a current ratio of 1.54 and a debt-to-equity ratio of 0.86. Forgent Power Solutions, Inc. has a fifty-two week low of $23.16 and a fifty-two week high of $66.00.

Forgent Power Solutions (NYSE:FPS - Get Free Report) last released 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 company had revenue of $461.67 million for the quarter. The business's revenue for the quarter was up 94.3% on a year-over-year basis. Forgent Power Solutions has set its FY 2027 guidance at 1.260-1.400 EPS. As a group, research 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.

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