Forgent Power Solutions (NYSE:FPS) Stock Falls 4.5% – What’s Next?

Forgent Power Solutions, Inc. (NYSE:FPS)’s stock price was down 4.5% during trading on Tuesday. The company traded as low as $29.45 and last traded at $30.0950. Approximately 6,148,508 shares changed hands during mid-day trading, a decline of 9% from the average daily volume of 6,726,813 shares. The stock had previously closed at $31.52.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. TD Cowen increased their target price on Forgent Power Solutions from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, September 16th. Oppenheimer reissued an “outperform” rating and issued a $60.00 price target on shares of Forgent Power Solutions in a research note on Wednesday, September 16th. Sanford C. Bernstein began coverage on Forgent Power Solutions in a report on Friday, October 2nd. They issued an “outperform” rating and a $48.00 price target for the company. KeyCorp reaffirmed an “overweight” rating on shares of Forgent Power Solutions in a research note on Wednesday, September 16th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $55.64.

Forgent Power Solutions Stock Performance

The company has a market cap of $9.65 billion and a PE ratio of 81.31. The stock’s 50 day simple moving average is $34.74 and its two-hundred day simple moving average is $40.89. 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 (NYSE:FPS) last announced its quarterly earnings data on Tuesday, September 15th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter. Forgent Power Solutions’s revenue 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 anticipate that Forgent Power Solutions, Inc. will post 1.28 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. raised its holdings in shares of Forgent Power Solutions by 974.4% in the 3rd quarter. SBI Securities Co. Ltd. now owns 6,221 shares of the company’s stock worth $233,000 after purchasing an additional 5,642 shares during the period. Aire Advisors LLC grew its holdings in shares of Forgent Power Solutions by 45.3% during the 3rd quarter. Aire Advisors LLC now owns 79,900 shares of the company’s stock worth $2,991,000 after purchasing an additional 24,900 shares during the period. Kopp Family Office LLC grew its holdings in shares of Forgent Power Solutions by 67.8% during the 3rd quarter. Kopp Family Office LLC now owns 10,240 shares of the company’s stock worth $383,000 after purchasing an additional 4,136 shares during the period. City State Bank purchased a new stake in shares of Forgent Power Solutions during the 3rd quarter worth about $32,000. Finally, Pension & Wealth Management Advisors Inc. increased its position in Forgent Power Solutions by 261.2% during the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 9,406 shares of the company’s stock worth $352,000 after purchasing an additional 6,802 shares in the last quarter.

About Forgent Power Solutions

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.