Forgent Power Solutions (NYSE:FPS) Shares Down 2.3% – Should You Sell?

Forgent Power Solutions, Inc. (NYSE:FPS)’s stock price traded down 2.3% during mid-day trading on Tuesday. The company traded as low as $34.75 and last traded at $36.25. Approximately 7,198,633 shares changed hands during mid-day trading, an increase of 7% from the average daily volume of 6,712,651 shares. The stock had previously closed at $37.09.

Wall Street Analyst Weigh In

FPS has been the topic of a number of recent analyst reports. Wells Fargo & Company initiated coverage on Forgent Power Solutions in a research note on Thursday, September 24th. They set an “equal weight” rating and a $44.00 target price on the stock. Wolfe Research restated an “outperform” rating and set a $60.00 price target on shares of Forgent Power Solutions in a research report on Thursday, July 9th. Robert W. Baird started coverage on shares of Forgent Power Solutions in a report on Wednesday, July 15th. They set an “outperform” rating and a $55.00 price objective for the company. Sanford C. Bernstein assumed coverage on shares of Forgent Power Solutions in a research report on Friday, October 2nd. They issued an “outperform” rating and a $48.00 price objective on the stock. Finally, Zacks Research upgraded shares of Forgent Power Solutions from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. Two 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $56.07.

Forgent Power Solutions Price Performance

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 business has a 50-day moving average price of $35.57 and a 200 day moving average price of $40.76. The stock has a market cap of $11.04 billion and a PE ratio of 92.95.

Forgent Power Solutions (NYSE:FPS) last released 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 net margin of 5.76% and a return on equity of 24.59%. The firm’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. As a group, research analysts forecast that Forgent Power Solutions, Inc. will post 1.27 earnings per share for the current fiscal year.

Institutional Trading of Forgent Power Solutions

A number of institutional investors have recently modified their holdings of FPS. Northwestern Mutual Wealth Management Co. bought a new position in Forgent Power Solutions in the 2nd quarter worth approximately $30,000. Triumph Capital Management purchased a new position in Forgent Power Solutions in the 2nd quarter valued at approximately $39,000. GAMMA Investing LLC grew its stake in Forgent Power Solutions by 918.5% in the 3rd quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock valued at $35,000 after buying an additional 845 shares in the last quarter. IFP Advisors Inc bought a new stake in shares of Forgent Power Solutions during the 2nd quarter valued at $48,000. Finally, Hollencrest Capital Management bought a new stake in shares of Forgent Power Solutions during the second quarter valued at about $56,000.

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.