Free Trial

Ferguson plc (NASDAQ:FERG) Shares Bought by Brentview Investment Management LLC

Ferguson logo with Industrials background

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Brentview Investment Management LLC lifted its position in shares of Ferguson plc (NASDAQ:FERG - Free Report) by 5.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,804 shares of the company's stock after acquiring an additional 1,289 shares during the quarter. Ferguson accounts for approximately 2.2% of Brentview Investment Management LLC's portfolio, making the stock its 18th largest holding. Brentview Investment Management LLC's holdings in Ferguson were worth $4,135,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LGT Financial Advisors LLC lifted its stake in shares of Ferguson by 106.3% in the fourth quarter. LGT Financial Advisors LLC now owns 198 shares of the company's stock valued at $34,000 after purchasing an additional 102 shares during the period. Grove Bank & Trust raised its position in Ferguson by 247.4% during the first quarter. Grove Bank & Trust now owns 198 shares of the company's stock worth $32,000 after acquiring an additional 141 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Ferguson by 56.5% in the first quarter. TD Private Client Wealth LLC now owns 205 shares of the company's stock valued at $33,000 after purchasing an additional 74 shares in the last quarter. Whipplewood Advisors LLC lifted its holdings in shares of Ferguson by 166.7% in the first quarter. Whipplewood Advisors LLC now owns 208 shares of the company's stock valued at $33,000 after purchasing an additional 130 shares in the last quarter. Finally, LRI Investments LLC purchased a new stake in shares of Ferguson in the first quarter valued at about $46,000. Institutional investors and hedge funds own 81.98% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on FERG shares. Barclays upped their price target on shares of Ferguson from $190.00 to $247.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Royal Bank Of Canada boosted their target price on shares of Ferguson from $189.00 to $231.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Morgan Stanley reissued an "overweight" rating and issued a $220.00 target price (up previously from $195.00) on shares of Ferguson in a research note on Monday, June 9th. Berenberg Bank reissued a "hold" rating and issued a $215.00 target price on shares of Ferguson in a research note on Thursday, June 5th. Finally, UBS Group boosted their target price on shares of Ferguson from $173.00 to $204.00 and gave the company a "neutral" rating in a research note 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 stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $220.64.

View Our Latest Report on Ferguson

Ferguson Trading Down 0.6%

NASDAQ:FERG traded down $1.44 on Friday, hitting $221.89. 1,212,371 shares of the stock were exchanged, compared to its average volume of 1,767,123. The stock has a market cap of $43.75 billion, a PE ratio of 26.64, a PEG ratio of 1.69 and a beta of 1.17. The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. The stock has a fifty day moving average of $214.64 and a 200-day moving average of $186.26. Ferguson plc has a fifty-two week low of $146.00 and a fifty-two week high of $228.80.

Ferguson (NASDAQ:FERG - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.06 by $0.44. Ferguson had a return on equity of 34.63% and a net margin of 5.68%. Ferguson's revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.32 earnings per share. As a group, equities analysts expect 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. Shareholders of record on Friday, June 20th will be paid a dividend of $0.83 per share. The ex-dividend date is Friday, June 20th. This represents a $3.32 annualized dividend and a yield of 1.5%. Ferguson's dividend payout ratio is currently 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.

Featured Stories

Institutional Ownership by Quarter for Ferguson (NASDAQ:FERG)

Should You Invest $1,000 in Ferguson Right Now?

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

7 Stocks to Buy And Hold Forever Cover

Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

5 Stocks to BUY NOW in August 2025
The $2.5B Merger No One Is Talking About
ALERT: Big Tech Earnings – Watch Before Wednesday

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines