Ferguson Enterprises shares jumped approximately 8% in Monday's regular-session trading after being selected for inclusion in the S&P 500 index. The company, the largest U.S. distributor of plumbing and HVAC supplies, will replace Electronic Arts in the benchmark index. Approximately $20 trillion of investment capital is indexed to or benchmarked against the S&P 500, potentially creating demand from passive funds and active managers. Ferguson moved its primary stock listing to the United States in 2024 and produces more than $30 billion in annual sales. Analysts expect earnings per share to increase from approximately $10 in 2023 to nearly $13 by 2027, though forecasts remain subject to construction and housing conditions.
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