Brevan Howard Capital Management LP purchased a new position in Ferguson plc (NASDAQ:FERG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,176 shares of the company's stock, valued at approximately $551,000.
A number of other hedge funds have also made changes to their positions in FERG. Manchester Capital Management LLC lifted its position in Ferguson by 906.7% in the 4th quarter. Manchester Capital Management LLC now owns 151 shares of the company's stock worth $26,000 after buying an additional 136 shares in the last quarter. LGT Financial Advisors LLC grew its holdings in shares of Ferguson by 106.3% during the 4th quarter. LGT Financial Advisors LLC now owns 198 shares of the company's stock valued at $34,000 after acquiring an additional 102 shares in the last quarter. Berbice Capital Management LLC purchased a new stake in shares of Ferguson during the fourth quarter worth $35,000. Private Trust Co. NA boosted its position in Ferguson by 92.5% during the fourth quarter. Private Trust Co. NA now owns 258 shares of the company's stock valued at $45,000 after purchasing an additional 124 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in Ferguson during the fourth quarter valued at $45,000. 81.98% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on FERG. Royal Bank of Canada restated an "outperform" rating and issued a $189.00 price objective on shares of Ferguson in a report on Tuesday, March 18th. Citigroup cut their price target on shares of Ferguson from $189.00 to $168.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. Wells Fargo & Company upped their price objective on shares of Ferguson from $180.00 to $190.00 and gave the stock an "overweight" rating in a report on Monday, April 14th. Oppenheimer lowered their target price on shares of Ferguson from $234.00 to $189.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 12th. Finally, Zelman & Associates cut Ferguson from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 17th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $199.38.
Get Our Latest Research Report on Ferguson
Ferguson Stock Performance
FERG stock traded up $0.58 during midday trading on Tuesday, hitting $177.19. The stock had a trading volume of 1,018,159 shares, compared to its average volume of 1,605,827. Ferguson plc has a 52 week low of $146.00 and a 52 week high of $225.63. The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. The stock has a 50-day simple moving average of $163.91 and a 200 day simple moving average of $179.85. The firm has a market capitalization of $35.43 billion, a price-to-earnings ratio of 21.27, a P/E/G ratio of 1.69 and a beta of 1.14.
Ferguson (NASDAQ:FERG - Get Free Report) last posted its earnings results on Tuesday, March 11th. The company reported $1.52 earnings per share for the quarter, missing analysts' consensus estimates of $1.58 by ($0.06). The business had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.76 billion. Ferguson had a net margin of 5.68% and a return on equity of 34.63%. The business's revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.74 EPS. As a group, equities research analysts anticipate that Ferguson plc will post 9.4 earnings per share for the current year.
Ferguson Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 6th. Investors of record on Friday, March 21st were paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 1.87%. The ex-dividend date was Friday, March 21st. Ferguson's dividend payout ratio is 40.84%.
Ferguson Company Profile
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Free Report)
Ferguson plc distributes plumbing and heating products in the United States and Canada. It offers plumbing and heating solutions to customers in the residential, commercial, civil/infrastructure, and industrial end markets. The company also provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, fabrication, and others, as well as heating, ventilation, and air conditioning products under the Ferguson brand name.
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