Curated Wealth Partners LLC purchased a new position in shares of Ferguson plc (NASDAQ:FERG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,496 shares of the company's stock, valued at approximately $881,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Manchester Capital Management LLC lifted its stake in shares of Ferguson by 906.7% in the 4th quarter. Manchester Capital Management LLC now owns 151 shares of the company's stock worth $26,000 after acquiring an additional 136 shares during the period. Whipplewood Advisors LLC raised its stake in shares of Ferguson by 166.7% during the 1st quarter. Whipplewood Advisors LLC now owns 208 shares of the company's stock worth $33,000 after buying an additional 130 shares during the last quarter. LGT Financial Advisors LLC lifted its holdings 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 in the last quarter. Private Trust Co. NA grew its holdings in Ferguson by 92.5% during the 4th quarter. Private Trust Co. NA now owns 258 shares of the company's stock valued at $45,000 after buying an additional 124 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in Ferguson by 259.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 291 shares of the company's stock worth $47,000 after purchasing an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 81.98% of the company's stock.
Ferguson Stock Performance
Shares of FERG traded up $0.35 during midday trading on Thursday, hitting $213.78. 936,345 shares of the stock traded hands, compared to its average volume of 1,654,445. The firm has a market capitalization of $42.15 billion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 1.69 and a beta of 1.13. The business's 50 day moving average price is $176.83 and its two-hundred day moving average price is $178.41. Ferguson plc has a 1-year low of $146.00 and a 1-year high of $225.63. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.91 and a current ratio of 1.68.
Ferguson (NASDAQ:FERG - Get Free Report) last announced 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 return on equity of 34.63% and a net margin of 5.68%. The firm's revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.32 earnings per share. Equities research analysts predict that Ferguson plc will post 9.4 EPS for the current fiscal year.
Ferguson Announces Dividend
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 dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, June 20th. Ferguson's dividend payout ratio (DPR) is presently 41.40%.
Wall Street Analyst Weigh In
Several research firms have commented on FERG. Barclays lifted their target price on shares of Ferguson from $190.00 to $247.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Berenberg Bank reaffirmed a "hold" rating and set a $215.00 price target on shares of Ferguson in a research report on Thursday, June 5th. Oppenheimer increased their target price on Ferguson from $189.00 to $235.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Robert W. Baird set a $190.00 price target on shares of Ferguson and gave the company an "outperform" rating in a report on Wednesday, March 12th. Finally, Citigroup cut their target price on Ferguson from $189.00 to $168.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $217.07.
Check Out Our Latest Research Report on FERG
About Ferguson
(
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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