California State Teachers Retirement System Purchases 633 Shares of Ferguson plc $FERG

California State Teachers Retirement System grew its stake in shares of Ferguson plc (NYSE:FERG - Free Report) by 0.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 293,877 shares of the company's stock after purchasing an additional 633 shares during the quarter. California State Teachers Retirement System owned approximately 0.15% of Ferguson worth $69,745,828 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FERG. Sivia Capital Partners LLC lifted its position in shares of Ferguson by 2.9% in the 4th quarter. Sivia Capital Partners LLC now owns 1,685 shares of the company's stock worth $375,000 after purchasing an additional 48 shares during the period. Wedbush Securities Inc. increased its position in Ferguson by 4.3% in the 2nd quarter. Wedbush Securities Inc. now owns 1,197 shares of the company's stock valued at $284,000 after acquiring an additional 49 shares during the period. REAP Financial Group LLC increased its position in Ferguson by 13.4% during the fourth quarter. REAP Financial Group LLC now owns 431 shares of the company's stock worth $96,000 after buying an additional 51 shares in the last quarter. L2 Asset Management LLC increased its position in shares of Ferguson by 5.2% in the second quarter. L2 Asset Management LLC now owns 1,109 shares of the company's stock worth $263,000 after acquiring an additional 55 shares in the last quarter. Finally, Natural Investments LLC lifted its holdings in Ferguson by 6.9% during the 2nd quarter. Natural Investments LLC now owns 944 shares of the company's stock worth $224,000 after buying an additional 61 shares during the last quarter. 81.98% of the stock is currently owned by institutional investors.

Ferguson Trading Down 2.1%

Ferguson stock traded down $4.66 during mid-day trading on Tuesday, hitting $217.66. 608,379 shares of the company's stock were exchanged, compared to its average volume of 1,708,889. Ferguson plc has a fifty-two week low of $214.44 and a fifty-two week high of $271.64. The company has a quick ratio of 0.93, a current ratio of 1.73 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $42.11 billion, a P/E ratio of 25.56, a PEG ratio of 1.54 and a beta of 1.13. The company's 50 day simple moving average is $234.56 and its 200-day simple moving average is $236.65.

Ferguson (NYSE:FERG - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported $3.39 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.16. The company had revenue of $8.75 billion during the quarter. Ferguson had a net margin of 6.82% and a return on equity of 37.24%. On average, equities analysts anticipate that Ferguson plc will post 11.42 earnings per share for the current year.

Ferguson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Friday, August 21st will be issued a $0.89 dividend. The ex-dividend date is Friday, August 21st. This represents a $3.56 annualized dividend and a dividend yield of 1.6%. Ferguson's dividend payout ratio (DPR) is 41.83%.

Insider Activity

In related news, insider Jake Schlicher sold 5,177 shares of the company's stock in a transaction on Friday, August 28th. The shares were sold at an average price of $230.92, for a total transaction of $1,195,472.84. Following the completion of the sale, the insider directly owned 9,490 shares of the company's stock, valued at approximately $2,191,430.80. This represents a 35.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.15% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Robert W. Baird raised their target price on Ferguson from $285.00 to $288.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 11th. Royal Bank Of Canada raised their price target on shares of Ferguson from $281.00 to $290.00 and gave the company an "outperform" rating in a research report on Tuesday, August 11th. Wells Fargo & Company lifted their price target on Ferguson from $285.00 to $295.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 11th. Oppenheimer boosted their target price on shares of Ferguson from $280.00 to $288.00 and gave the company an "outperform" rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings upgraded shares of Ferguson from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $285.57.

About Ferguson

Ferguson plc NYSE: FERG is a value-added distributor of plumbing and heating products, water and wastewater solutions, fire protection equipment, HVAC supplies, and related products. The company primarily serves professional contractors and other trade customers, helping them source products, obtain technical support, and manage projects through its distribution network and digital platforms.

Ferguson operates mainly in North America, with businesses serving residential and commercial construction, infrastructure, facilities maintenance, and industrial markets in the United States and Canada.

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