Dynasty Wealth Management LLC acquired a new stake in shares of Ferguson plc (NASDAQ:FERG - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,723 shares of the company's stock, valued at approximately $276,000.
Other large investors have also made changes to their positions in the company. LGT Financial Advisors LLC boosted its stake in Ferguson by 106.3% in the fourth quarter. LGT Financial Advisors LLC now owns 198 shares of the company's stock worth $34,000 after purchasing an additional 102 shares in the last quarter. Grove Bank & Trust raised its holdings in shares of Ferguson by 247.4% in the first quarter. Grove Bank & Trust now owns 198 shares of the company's stock valued at $32,000 after buying an additional 141 shares during the last quarter. TD Private Client Wealth LLC raised 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 buying an additional 74 shares during the last quarter. Whipplewood Advisors LLC lifted its position in 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 in the last quarter. Finally, LRI Investments LLC bought a new stake in Ferguson during the 1st quarter worth about $46,000. Institutional investors own 81.98% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on FERG shares. Wells Fargo & Company boosted their target price on Ferguson from $230.00 to $250.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. lifted their price target on shares of Ferguson from $200.00 to $220.00 and gave the company an "overweight" rating in a research note on Friday, June 6th. The Goldman Sachs Group initiated coverage on Ferguson in a research report on Wednesday, June 18th. They issued a "buy" rating and a $280.00 target price on the stock. Morgan Stanley reaffirmed an "overweight" rating and issued a $220.00 target price (up previously from $195.00) on shares of Ferguson in a research report on Monday, June 9th. Finally, Oppenheimer lifted their price objective on shares of Ferguson from $189.00 to $235.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $220.64.
Read Our Latest Report on Ferguson
Ferguson Trading Up 1.7%
NASDAQ:FERG traded up $3.73 on Friday, reaching $222.57. 1,536,987 shares of the stock traded hands, compared to its average volume of 1,678,840. The company's 50 day moving average is $205.75 and its 200-day moving average is $182.71. The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. Ferguson plc has a 1-year low of $146.00 and a 1-year high of $226.63. The firm has a market capitalization of $43.89 billion, a price-to-earnings ratio of 26.72, a price-to-earnings-growth ratio of 1.69 and a beta of 1.17.
Ferguson (NASDAQ:FERG - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $2.50 earnings per share (EPS) for the quarter, beating 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%. During the same period last year, the firm earned $2.32 EPS. The business's revenue was up 4.3% compared to the same quarter last year. Equities research analysts anticipate that Ferguson plc will post 9.4 EPS for the current fiscal year.
Ferguson Announces Dividend
The firm 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 dividend on an annualized basis and a yield of 1.49%. Ferguson's dividend payout ratio (DPR) is presently 41.40%.
Ferguson Company Profile
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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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