Guyasuta Investment Advisors Inc. bought a new position in Ferguson plc (NASDAQ:FERG - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 80,240 shares of the company's stock, valued at approximately $12,857,000.
Several other hedge funds have also made changes to their positions in the company. Perfromance Wealth Partners LLC lifted its holdings in Ferguson by 22.6% during the first quarter. Perfromance Wealth Partners LLC now owns 1,980 shares of the company's stock worth $317,000 after buying an additional 365 shares during the period. Canoe Financial LP lifted its stake in shares of Ferguson by 70.2% during the 1st quarter. Canoe Financial LP now owns 2,049 shares of the company's stock worth $328,000 after purchasing an additional 845 shares during the last quarter. Riverwater Partners LLC lifted its stake in shares of Ferguson by 5.7% during the 1st quarter. Riverwater Partners LLC now owns 4,082 shares of the company's stock worth $654,000 after purchasing an additional 220 shares during the last quarter. Wolf Group Capital Advisors purchased a new stake in shares of Ferguson during the 1st quarter worth $261,000. Finally, Clarius Group LLC lifted its stake in shares of Ferguson by 65.4% during the 1st quarter. Clarius Group LLC now owns 2,790 shares of the company's stock worth $446,000 after purchasing an additional 1,103 shares during the last quarter. 81.98% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have commented on FERG. The Goldman Sachs Group began coverage on shares of Ferguson in a research report on Wednesday. They set a "buy" rating and a $280.00 price target for the company. Wolfe Research assumed coverage on shares of Ferguson in a research report on Monday, March 17th. They set a "peer perform" rating for the company. Berenberg Bank reissued a "hold" rating and set a $215.00 target price on shares of Ferguson in a research report on Thursday, June 5th. Robert W. Baird set a $190.00 target price on shares of Ferguson and gave the company an "outperform" rating in a research report on Wednesday, March 12th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $220.00 price objective (up previously from $195.00) on shares of Ferguson in a report on Monday, June 9th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $221.27.
Get Our Latest Stock Report on FERG
Ferguson Stock Performance
Shares of NASDAQ:FERG traded up $0.86 during trading on Friday, hitting $215.16. The stock had a trading volume of 2,776,471 shares, compared to its average volume of 1,660,464. Ferguson plc has a 12-month low of $146.00 and a 12-month high of $225.63. The company has a quick ratio of 0.91, a current ratio of 1.68 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $42.43 billion, a price-to-earnings ratio of 25.83, a price-to-earnings-growth ratio of 1.69 and a beta of 1.13. The stock has a 50-day simple moving average of $184.67 and a two-hundred day simple moving average of $178.02.
Ferguson (NASDAQ:FERG - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $2.50 earnings per share (EPS) for the quarter, topping 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 quarter last year, the firm posted $2.32 earnings per share. The firm's revenue was up 4.3% on a year-over-year basis. On average, equities research analysts expect that Ferguson plc will post 9.4 earnings per share for the current fiscal year.
Ferguson Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Friday, June 20th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.54%. Ferguson's payout ratio is currently 41.40%.
Ferguson 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.
Featured Articles
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
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
