Bridgefront Capital LLC Has $970,000 Position in Ferguson plc (NASDAQ:FERG)

Bridgefront Capital LLC reduced its holdings in Ferguson plc (NASDAQ:FERG - Free Report) by 21.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,587 shares of the company's stock after selling 1,488 shares during the quarter. Bridgefront Capital LLC's holdings in Ferguson were worth $970,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Manchester Capital Management LLC raised its position in Ferguson by 906.7% in the 4th quarter. Manchester Capital Management LLC now owns 151 shares of the company's stock valued at $26,000 after buying an additional 136 shares during the last quarter. LGT Financial Advisors LLC raised its holdings in shares of Ferguson by 106.3% in the fourth quarter. LGT Financial Advisors LLC now owns 198 shares of the company's stock valued at $34,000 after purchasing an additional 102 shares during the last quarter. Berbice Capital Management LLC bought a new stake in shares of Ferguson in the fourth quarter worth $35,000. R Squared Ltd acquired a new position in Ferguson during the fourth quarter worth $45,000. Finally, Private Trust Co. NA grew its position in Ferguson by 92.5% in 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 in the last quarter. 81.98% of the stock is currently owned by institutional investors and hedge funds.

Ferguson Stock Up 1.5 %

FERG stock opened at $172.30 on Monday. The firm has a 50-day moving average price of $164.17 and a 200-day moving average price of $180.98. Ferguson plc has a 12 month low of $146.00 and a 12 month 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 market capitalization of $34.45 billion, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 1.69 and a beta of 1.17.

Ferguson (NASDAQ:FERG - Get Free Report) last issued its earnings results on Tuesday, March 11th. The company reported $1.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.58 by ($0.06). The firm had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.76 billion. Ferguson had a return on equity of 34.63% and a net margin of 5.68%. Ferguson's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.74 EPS. As a group, equities research analysts anticipate that Ferguson plc will post 9.4 EPS for the current fiscal year.

Ferguson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 6th. Investors of record on Friday, March 21st will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Friday, March 21st. Ferguson's payout ratio is presently 40.84%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FERG shares. Robert W. Baird set a $190.00 price objective on shares of Ferguson and gave the stock an "outperform" rating in a research note on Wednesday, March 12th. Zelman & Associates downgraded Ferguson from a "strong-buy" rating to a "hold" rating in a report on Friday, January 17th. Citigroup cut their price target on shares of Ferguson from $189.00 to $168.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. Barclays lowered their price objective on shares of Ferguson from $211.00 to $190.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 12th. Finally, Morgan Stanley assumed coverage on Ferguson in a report on Monday, February 3rd. They set an "overweight" rating and a $204.00 price target for the company. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $199.38.

Ferguson Company Profile

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.

Want to see what other hedge funds are holding FERG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ferguson plc (NASDAQ:FERG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.