FTSE 100 heating and plumbing products provider Ferguson has seen impressive share growth in the past year. Can it continue? The post At all-time highs, is FTSE 100 stock Ferguson a good buy for me? appeared first on The Motley Fool UK.
The London-listed company, which has a secondary U.S. listing, said half-year profit jumped 12.2% as residential operations sales recovered with housing activity picking up in the United States, its biggest market by revenue. Ferguson's performance followed its U.S. peers Home Depot and Lowe's Cos Inc, who have also benefited from stuck-at-home Americans snapping up building materials all through the COVID-19 lockdowns. Ferguson's underlying trading profit rose to $837 million for the six months ended Jan. 31 from $746 million a year ago.
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