Ferguson (NYSE:FERG) SVP Sells $541,341.40 in Stock

Key Points

• Ferguson plc SVP William Thees, Jr. sold 2,308 shares at an average price of $234.55, totaling approximately $541,341.40, which represents a 7.21% decrease in his ownership.
• The company reported quarterly earnings of $3.48 EPS, exceeding the consensus estimate of $3.00, with revenue reaching $8.50 billion.
• Ferguson declared a quarterly dividend of $0.83 per share, with a total annualized dividend of $3.32 and a yield of 1.4%, scheduled for payment on November 7th.

Ferguson plc (NYSE:FERG - Get Free Report) SVP William Thees, Jr. sold 2,308 shares of the company's stock in a transaction on Monday, October 13th. The shares were sold at an average price of $234.55, for a total value of $541,341.40. Following the completion of the sale, the senior vice president owned 29,694 shares of the company's stock, valued at approximately $6,964,727.70. The trade was a 7.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Ferguson Trading Down 1.4%

NYSE:FERG traded down $3.34 during trading hours on Wednesday, hitting $237.08. The company had a trading volume of 557,061 shares, compared to its average volume of 1,754,202. The company has a current ratio of 1.68, a quick ratio of 0.94 and a debt-to-equity ratio of 0.64. The business's 50-day moving average price is $229.59. The firm has a market capitalization of $46.50 billion, a P/E ratio of 25.34, a P/E/G ratio of 1.93 and a beta of 1.17. Ferguson plc has a 1 year low of $146.00 and a 1 year high of $243.40.

Ferguson (NYSE:FERG - Get Free Report) last announced its quarterly earnings results on Tuesday, September 16th. The company reported $3.48 EPS for the quarter, beating the consensus estimate of $3.00 by $0.48. Ferguson had a return on equity of 35.21% and a net margin of 6.03%.The business had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.44 billion.

Ferguson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, September 26th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, September 26th. Ferguson's dividend payout ratio is 35.55%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Royal Bank Of Canada upped their price target on Ferguson from $231.00 to $243.00 and gave the company an "outperform" rating in a research note on Wednesday, September 17th. Zacks Research raised Ferguson to a "hold" rating in a research note on Friday, August 8th. The Goldman Sachs Group assumed coverage on Ferguson in a research note on Wednesday, June 18th. They issued a "buy" rating and a $280.00 price target on the stock. Oppenheimer upped their price target on Ferguson from $235.00 to $255.00 and gave the company an "outperform" rating in a research note on Wednesday, September 17th. Finally, Truist Financial raised their target price on Ferguson from $240.00 to $260.00 and gave the company a "buy" rating in a report on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Ferguson presently has a consensus rating of "Moderate Buy" and a consensus price target of $237.14.

Institutional Investors Weigh In On Ferguson

A number of hedge funds have recently bought and sold shares of the stock. World Investment Advisors acquired a new stake in Ferguson in the 3rd quarter valued at about $261,000. Founders Financial Securities LLC acquired a new stake in Ferguson in the 3rd quarter valued at about $212,000. Swedbank AB raised its position in Ferguson by 1.4% in the 3rd quarter. Swedbank AB now owns 134,792 shares of the company's stock valued at $30,272,000 after purchasing an additional 1,832 shares in the last quarter. Optas LLC raised its position in Ferguson by 118.4% in the 3rd quarter. Optas LLC now owns 2,429 shares of the company's stock valued at $546,000 after purchasing an additional 1,317 shares in the last quarter. Finally, Net Worth Advisory Group raised its position in Ferguson by 4.5% in the 3rd quarter. Net Worth Advisory Group now owns 1,314 shares of the company's stock valued at $295,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 81.98% of the company's stock.

About Ferguson

Ferguson Enterprises Inc distributes plumbing and heating products in North America. The company provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, and fabrication, as well as heating, ventilation, and air conditioning (HVAC) to residential and non-residential customers.

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