Fortitude Advisory Group L.L.C. Acquires 35,075 Shares of Forgent Power Solutions, Inc. $FPS

Key Points

• Fortitude Advisory Group acquired 35,075 Forgent Power Solutions shares during the third quarter, valued at approximately $1.31 million. Several other institutional investors also initiated or increased positions.
• Forgent reported quarterly EPS of $0.25, topping estimates of $0.24, while revenue rose 94.3% year over year to $461.67 million. Management provided FY 2027 EPS guidance of $1.26–$1.40.
• FPS shares opened at $32.46, down 0.7%, well below the 12-month high of $66.00. Despite one sell rating, analysts’ consensus remains “Moderate Buy”, with an average price target of $56.07.

Fortitude Advisory Group L.L.C. acquired a new stake in Forgent Power Solutions, Inc. (NYSE:FPS - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 35,075 shares of the company's stock, valued at approximately $1,313,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Forgent Power Solutions during the second quarter worth $30,000. Triumph Capital Management bought a new position in Forgent Power Solutions in the second quarter valued at about $39,000. IFP Advisors Inc bought a new position in Forgent Power Solutions in the second quarter valued at about $48,000. GAMMA Investing LLC increased its position in Forgent Power Solutions by 918.5% in the third quarter. GAMMA Investing LLC now owns 937 shares of the company's stock worth $35,000 after purchasing an additional 845 shares during the period. Finally, Hollencrest Capital Management acquired a new stake in Forgent Power Solutions in the second quarter worth about $56,000.

Forgent Power Solutions Stock Down 0.7%

Shares of Forgent Power Solutions stock opened at $32.46 on Friday. 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 12 month low of $25.95 and a 12 month high of $66.00. The business has a fifty day simple moving average of $35.28 and a 200 day simple moving average of $40.82. The stock has a market cap of $9.88 billion and a PE ratio of 83.23.

Forgent Power Solutions (NYSE:FPS - Get Free Report) last released its quarterly earnings data 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 business 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. Research analysts predict that Forgent Power Solutions, Inc. will post 1.28 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on FPS shares. Wolfe Research reissued an "outperform" rating and set a $60.00 price objective on shares of Forgent Power Solutions in a report on Thursday, July 9th. Weiss Ratings lowered shares of Forgent Power Solutions from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, October 2nd. Oppenheimer reaffirmed an "outperform" rating and issued a $60.00 target price on shares of Forgent Power Solutions in a research note on Wednesday, September 16th. Sanford C. Bernstein initiated coverage on shares of Forgent Power Solutions in a research report on Friday, October 2nd. They set an "outperform" rating and a $48.00 price target for the company. Finally, TD Cowen boosted their price target on shares of Forgent Power Solutions from $73.00 to $76.00 and gave the stock a "buy" rating in a research note on Wednesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $56.07.

Forgent Power Solutions Company 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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