Forgent Power Solutions (NYSE:FPS) Sets New 12-Month Low – Here’s What Happened

Forgent Power Solutions, Inc. (NYSE:FPS)’s stock price hit a new 52-week low on Thursday. The stock traded as low as $21.31 and last traded at $20.5470, with a volume of 323,375 shares trading hands. The stock had previously closed at $22.44.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Morgan Stanley set a $45.00 target price on Forgent Power Solutions in a report on Friday, October 16th. Wells Fargo & Company began coverage on shares of Forgent Power Solutions in a research report on Thursday, September 24th. They issued an “equal weight” rating and a $44.00 price objective on the stock. Zacks Research raised Forgent Power Solutions from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th. KeyCorp reiterated an “overweight” rating on shares of Forgent Power Solutions in a report on Wednesday, September 16th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $60.00 price target on shares of Forgent Power Solutions in a research note on Wednesday, September 16th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Forgent Power Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $54.21.

Forgent Power Solutions Stock Performance

The firm has a market cap of $5.90 billion and a price-to-earnings ratio of 49.71. The firm’s fifty day moving average price is $32.41 and its 200-day moving average price is $38.35. The company has a current ratio of 1.54, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86.

Forgent Power Solutions (NYSE:FPS) last posted its earnings results on Tuesday, September 15th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $461.67 million during the quarter. Forgent Power Solutions had a return on equity of 24.59% and a net margin of 5.76%. The company’s quarterly 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. Analysts expect that Forgent Power Solutions, Inc. will post 1.28 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Forgent Power Solutions in the 2nd quarter worth approximately $30,000. City State Bank purchased a new stake in shares of Forgent Power Solutions in the 3rd quarter worth approximately $32,000. GAMMA Investing LLC increased its holdings in Forgent Power Solutions by 918.5% during the third quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock valued at $35,000 after buying an additional 845 shares during the last quarter. Triumph Capital Management bought a new stake in shares of Forgent Power Solutions in the 2nd quarter valued at approximately $39,000. Finally, WPG Advisers LLC increased its position in Forgent Power Solutions by 417.6% during the 3rd quarter. WPG Advisers LLC now owns 1,144 shares of the company’s stock valued at $43,000 after purchasing an additional 923 shares during the period.

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.