Ferguson plc $FERG Shares Bought by Beck Mack & Oliver LLC

Key Points

• Beck Mack & Oliver LLC increased its holdings in Ferguson plc by 34.6% in the first quarter, owning 860,774 shares valued at approximately $137.9 million.
• Analyst ratings for Ferguson have been favorable, with ten analysts issuing a Buy rating and a consensus price target of $220.64.
• Ferguson reported earnings per share (EPS) of $2.50, surpassing expectations and showing a revenue increase of 4.3% compared to the previous year.

Beck Mack & Oliver LLC boosted its stake in Ferguson plc (NASDAQ:FERG - Free Report) by 34.6% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 860,774 shares of the company's stock after buying an additional 221,326 shares during the quarter. Ferguson makes up about 2.7% of Beck Mack & Oliver LLC's holdings, making the stock its 13th biggest position. Beck Mack & Oliver LLC owned about 0.43% of Ferguson worth $137,922,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in FERG. Grove Bank & Trust raised its position in Ferguson by 247.4% in the first quarter. Grove Bank & Trust now owns 198 shares of the company's stock worth $32,000 after acquiring an additional 141 shares in the last quarter. TD Private Client Wealth LLC raised its position 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 during the period. Whipplewood Advisors LLC lifted its position 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. Brooklyn Investment Group increased its stake in shares of Ferguson by 103.6% in the first quarter. Brooklyn Investment Group now owns 226 shares of the company's stock valued at $36,000 after buying an additional 115 shares during the period. Finally, SVB Wealth LLC bought a new position in shares of Ferguson in the first quarter valued at approximately $43,000. 81.98% of the stock is owned by institutional investors and hedge funds.

Ferguson Stock Up 0.1%

Shares of NASDAQ FERG traded up $0.22 during midday trading on Wednesday, hitting $229.91. 1,141,630 shares of the stock traded hands, compared to its average volume of 1,679,762. The business has a 50 day moving average price of $225.40 and a two-hundred day moving average price of $193.92. 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 plc has a one year low of $146.00 and a one year high of $238.16. The company has a market cap of $45.33 billion, a PE ratio of 27.60, a P/E/G ratio of 1.69 and a beta of 1.15.

Ferguson (NASDAQ:FERG - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $2.50 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%.Ferguson's quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.32 EPS. On average, equities analysts predict that Ferguson plc will post 9.4 EPS for the current year.

Analyst Ratings Changes

FERG has been the topic of several research reports. Truist Financial reaffirmed a "buy" rating and set a $230.00 price objective on shares of Ferguson in a research report on Wednesday, June 4th. UBS Group upped their price target on shares of Ferguson from $173.00 to $204.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Oppenheimer raised their price objective on shares of Ferguson from $189.00 to $235.00 and gave the company an "outperform" 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 report on Wednesday, June 4th. Finally, Barclays increased their target price on shares of Ferguson from $190.00 to $247.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $220.64.

About Ferguson

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.