Forgent Power Solutions (NYSE:FPS) Sets New 52-Week Low – Time to Sell?

Shares of Forgent Power Solutions, Inc. (NYSE:FPS) hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $25.80 and last traded at $25.7880, with a volume of 2,695,099 shares. The stock had previously closed at $31.76.

Analyst Ratings Changes

FPS has been the topic of a number of research analyst reports. Sanford C. Bernstein initiated coverage on Forgent Power Solutions in a research report on Friday, October 2nd. They set an “outperform” rating and a $48.00 target price on the stock. Wells Fargo & Company initiated coverage on Forgent Power Solutions in a research report on Thursday, September 24th. They issued an “equal weight” rating and a $44.00 target price for the company. Morgan Stanley set a $45.00 price target on Forgent Power Solutions in a research note on Friday, October 16th. TD Cowen lifted their price target 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. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Forgent Power Solutions in a research report on Wednesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $55.64.

Forgent Power Solutions Stock Performance

The stock has a market cap of $7.41 billion and a PE ratio of 62.90. The firm’s 50-day moving average is $34.74 and its 200 day moving average is $40.89. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.54.

Forgent Power Solutions (NYSE:FPS) last issued its quarterly earnings data on Tuesday, September 15th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. The company 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%. Forgent Power Solutions’s quarterly 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 EPS for the current year.

Hedge Funds Weigh In On Forgent Power Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. increased its position in Forgent Power Solutions by 974.4% in the 3rd quarter. SBI Securities Co. Ltd. now owns 6,221 shares of the company’s stock valued at $233,000 after acquiring an additional 5,642 shares during the period. Aire Advisors LLC raised its stake in Forgent Power Solutions by 45.3% during the 3rd quarter. Aire Advisors LLC now owns 79,900 shares of the company’s stock valued at $2,991,000 after acquiring an additional 24,900 shares during the last quarter. Kopp Family Office LLC lifted its position in 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 acquiring an additional 4,136 shares during the period. City State Bank acquired a new stake in Forgent Power Solutions during the 3rd quarter worth approximately $32,000. Finally, Pension & Wealth Management Advisors Inc. grew its stake in shares of Forgent Power Solutions by 261.2% in the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 9,406 shares of the company’s stock valued at $352,000 after purchasing an additional 6,802 shares during 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.