phive2015 Investment Thesis Ferguson plc (NYSE:FERG) has good growth prospects ahead. The company's revenue growth should benefit from healthy demand in the non-residential end market, driven by secular tailwinds from recent reshoring trends and infrastructure funding. While the residential end market is experiencing headwinds due to high interest rates, it is near the bottom and a potential reversal in the interest rate cycle coupled with long-term tailwinds from a significant underbuild of new homes post ...