Ferrovial (NASDAQ:FER) Hits New 12-Month High Following Dividend Announcement

Key Points

• Ferrovial SE's stock reached a new 12-month high of $64.05 after a dividend announcement, with investors set to receive $0.4769 per share on December 3rd.
• A mix of analysts has rated Ferrovial, with three giving it a Buy rating and three others issuing a Hold rating, resulting in an average rating of "Moderate Buy."
• Recent institutional activity includes significant investments, such as Generali Asset Management increasing its stake in Ferrovial by 183% during the third quarter.

Ferrovial SE (NASDAQ:FER - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Friday following a dividend announcement from the company. The company traded as high as $64.05 and last traded at $64.23, with a volume of 151761 shares trading hands. The stock had previously closed at $63.57.The newly announced dividend which will be paid on Wednesday, December 3rd. Investors of record on Monday, October 27th will be paid a dividend of $0.4769 per share. The ex-dividend date of this dividend is Monday, October 27th.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Weiss Ratings restated a "buy (b+)" rating on shares of Ferrovial in a report on Wednesday, October 8th. Wall Street Zen lowered Ferrovial from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Ferrovial has an average rating of "Moderate Buy".

Ferrovial Stock Up 1.2%

The firm's fifty day moving average price is $57.88 and its 200 day moving average price is $53.07.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Kathmere Capital Management LLC acquired a new position in shares of Ferrovial in the third quarter worth about $250,000. Earned Wealth Advisors LLC lifted its stake in Ferrovial by 7.0% in the 3rd quarter. Earned Wealth Advisors LLC now owns 4,786 shares of the company's stock valued at $280,000 after buying an additional 314 shares in the last quarter. Altfest L J & Co. Inc. raised its holdings in shares of Ferrovial by 0.9% during the third quarter. Altfest L J & Co. Inc. now owns 18,426 shares of the company's stock valued at $1,080,000 after acquiring an additional 165 shares during the last quarter. Generali Asset Management SPA SGR increased its position in shares of Ferrovial by 183.0% during the third quarter. Generali Asset Management SPA SGR now owns 46,617 shares of the company's stock worth $2,732,000 after purchasing an additional 30,143 shares in the last quarter. Finally, Ascent Group LLC purchased a new position in Ferrovial in the 3rd quarter valued at $207,000. 22.28% of the stock is owned by institutional investors and hedge funds.

About Ferrovial

Ferrovial SE, together with its subsidiaries, engages in the design, construction, financing, operation, and maintenance of transport infrastructure and urban services internationally. It operates through four segments: Construction, Toll Roads, Airports, and Energy Infrastructures and Mobility. The company designs and executes various public and private works, including the construction of public infrastructure; and develops, finances, and operates toll roads.

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