Barbara Oil Co. bought a new stake in Ferguson plc (NYSE:FERG - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,600 shares of the company's stock, valued at approximately $1,079,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Ferguson by 23.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,262 shares of the company's stock valued at $2,445,000 after acquiring an additional 2,940 shares during the period. Caxton Associates LLP acquired a new stake in Ferguson during the 1st quarter worth approximately $310,000. Focus Partners Wealth lifted its holdings in Ferguson by 22.7% during the 1st quarter. Focus Partners Wealth now owns 3,140 shares of the company's stock worth $503,000 after buying an additional 581 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Ferguson in the 2nd quarter valued at approximately $257,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Ferguson by 7.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 690 shares of the company's stock valued at $150,000 after buying an additional 48 shares during the period. Hedge funds and other institutional investors own 81.98% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the company. Weiss Ratings raised Ferguson from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, July 2nd. Citigroup reissued a "neutral" rating on shares of Ferguson in a research report on Wednesday, May 6th. Barclays boosted their target price on Ferguson from $297.00 to $313.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 11th. Zelman & Associates raised Ferguson from a "hold" rating to an "outperform" rating and set a $285.00 price target for the company in a report on Friday, July 17th. Finally, Wells Fargo & Company increased their price target on shares of Ferguson from $285.00 to $295.00 and gave the company an "overweight" rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $285.93.
Check Out Our Latest Analysis on Ferguson
Ferguson Stock Performance
NYSE FERG opened at $242.36 on Monday. The company has a fifty day moving average of $237.18 and a two-hundred day moving average of $240.40. The company has a market capitalization of $46.88 billion, a PE ratio of 28.48, a P/E/G ratio of 1.68 and a beta of 1.14. Ferguson plc has a 1 year low of $207.64 and a 1 year high of $271.64. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.73 and a quick ratio of 0.93.
Ferguson (NYSE:FERG - Get Free Report) last posted its earnings results on Monday, August 10th. The company reported $3.39 EPS for the quarter, topping analysts' consensus estimates of $3.23 by $0.16. Ferguson had a return on equity of 37.24% and a net margin of 6.82%.The business had revenue of $8.75 billion for the quarter. As a group, analysts expect that Ferguson plc will post 11.42 earnings per share for the current year.
Ferguson Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Friday, August 21st will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.56 annualized dividend and a yield of 1.5%. Ferguson's payout ratio is 41.83%.
Ferguson announced that its board has authorized a stock buyback plan on Tuesday, May 5th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the company to purchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.
Ferguson Profile
(
Free Report)
Ferguson NYSE: FERG is a multinational distributor specializing in plumbing and heating products and related building supplies, serving professional contractors, builders and industrial customers. The company supplies a broad range of products used in residential, commercial and infrastructure projects, including pipes and fittings, valves and controls, HVAC equipment, waterworks materials, plumbing fixtures, pumps and accessories, as well as complementary electrical and specialty product lines.
Ferguson operates a network of branches and distribution centers that provide inventory, logistics and value-added services to trade customers.
Featured Articles
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 (NYSE: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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Ferguson, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ferguson wasn't on the list.
While Ferguson currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of the 7 hottest IPOs expected to hit Wall Street in 2026. See which companies are preparing to go public and why investors are watching closely.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
