Asset Advisors Investment Management LLC acquired a new stake in shares of Ferguson plc (NASDAQ:FERG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,460 shares of the company's stock, valued at approximately $394,000.
Other large investors also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC boosted its holdings in shares of Ferguson by 53.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 354 shares of the company's stock worth $61,000 after buying an additional 124 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in shares of Ferguson by 14.8% in the fourth quarter. Sequoia Financial Advisors LLC now owns 2,766 shares of the company's stock worth $480,000 after buying an additional 356 shares during the period. Avantax Advisory Services Inc. boosted its holdings in shares of Ferguson by 11.1% in the fourth quarter. Avantax Advisory Services Inc. now owns 5,597 shares of the company's stock worth $971,000 after buying an additional 559 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Ferguson by 4.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,481 shares of the company's stock worth $604,000 after buying an additional 147 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Ferguson by 1.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 14,463 shares of the company's stock worth $2,510,000 after buying an additional 181 shares during the period. Institutional investors own 81.98% of the company's stock.
Analyst Ratings Changes
FERG has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ferguson in a report on Tuesday, April 1st. They issued a "hold" rating and a $174.00 target price for the company. Royal Bank Of Canada raised their target price on shares of Ferguson from $189.00 to $231.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Berenberg Bank reissued a "hold" rating and issued a $215.00 price target on shares of Ferguson in a research report on Thursday, June 5th. JPMorgan Chase & Co. increased their price target on shares of Ferguson from $200.00 to $220.00 and gave the stock an "overweight" rating in a research report on Friday, June 6th. Finally, Truist Financial reissued a "buy" rating and issued a $230.00 price target on shares of Ferguson in a research report on Wednesday, June 4th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $220.64.
Check Out Our Latest Research Report on Ferguson
Ferguson Stock Up 1.7%
FERG traded up $3.73 during midday trading on Friday, hitting $222.57. 1,536,987 shares of the company's stock traded hands, compared to its average volume of 1,675,193. The company has a market cap of $43.89 billion, a PE ratio of 26.72, a price-to-earnings-growth ratio of 1.69 and a beta of 1.17. The stock's fifty day simple moving average is $204.72 and its 200-day simple moving average is $182.37. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 0.91. Ferguson plc has a one year low of $146.00 and a one year high of $226.63.
Ferguson (NASDAQ:FERG - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $2.50 EPS for the quarter, beating analysts' consensus estimates of $2.06 by $0.44. Ferguson had a net margin of 5.68% and a return on equity of 34.63%. During the same period last year, the business earned $2.32 EPS. The business's revenue was up 4.3% on a year-over-year basis. As a group, equities analysts anticipate that Ferguson plc will post 9.4 earnings per share for the current fiscal year.
Ferguson Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Friday, June 20th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Friday, June 20th. Ferguson's dividend payout ratio is 41.40%.
Ferguson Company Profile
(
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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