GAMMA Investing LLC boosted its stake in Ferguson plc (NASDAQ:FERG - Free Report) by 19,616.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 573,143 shares of the company's stock after purchasing an additional 570,236 shares during the quarter. GAMMA Investing LLC owned about 0.29% of Ferguson worth $91,835,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in Ferguson by 7.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 778,737 shares of the company's stock valued at $135,247,000 after purchasing an additional 52,776 shares during the period. New York Life Investment Management LLC purchased a new stake in Ferguson during the fourth quarter worth approximately $587,000. Markel Group Inc. grew its stake in Ferguson by 25.4% during the fourth quarter. Markel Group Inc. now owns 106,000 shares of the company's stock worth $18,398,000 after buying an additional 21,500 shares during the period. Brentview Investment Management LLC purchased a new stake in Ferguson during the fourth quarter worth approximately $4,255,000. Finally, AMF Tjanstepension AB grew its stake in Ferguson by 420.4% during the fourth quarter. AMF Tjanstepension AB now owns 66,125 shares of the company's stock worth $11,477,000 after buying an additional 53,419 shares during the period. 81.98% of the stock is currently owned by hedge funds and other institutional investors.
Ferguson Stock Performance
FERG stock traded down $1.58 during midday trading on Thursday, hitting $214.57. 1,728,273 shares of the company traded hands, compared to its average volume of 1,645,476. The business has a 50 day simple moving average of $172.50 and a 200-day simple moving average of $178.16. The stock has a market capitalization of $42.90 billion, a price-to-earnings ratio of 25.76, a price-to-earnings-growth ratio of 1.69 and a beta of 1.13. The company has a quick ratio of 0.91, a current ratio of 1.68 and a debt-to-equity ratio of 0.83. Ferguson plc has a twelve month low of $146.00 and a twelve month high of $225.63.
Ferguson (NASDAQ:FERG - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $2.50 earnings per share (EPS) for the quarter, beating 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%. During the same quarter in the previous year, the firm earned $2.32 earnings per share. The business's revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, equities research analysts predict that Ferguson plc will post 9.4 earnings per share for the current year.
Ferguson Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Investors 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 1.55%. Ferguson's payout ratio is 41.40%.
Analyst Upgrades and Downgrades
Several research firms have issued reports on FERG. Truist Financial reiterated a "buy" rating and set a $230.00 price objective on shares of Ferguson in a research note on Wednesday. Barclays upped their target price on shares of Ferguson from $190.00 to $247.00 and gave the company an "overweight" rating in a research note on Wednesday. Wells Fargo & Company upped their target price on shares of Ferguson from $190.00 to $230.00 and gave the company an "overweight" rating in a research note on Wednesday. Wolfe Research began coverage on shares of Ferguson in a research note on Monday, March 17th. They issued a "peer perform" rating for the company. Finally, UBS Group upped 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. Six equities 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, Ferguson has a consensus rating of "Moderate Buy" and an average target price of $214.50.
Check Out Our Latest Research Report on Ferguson
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.
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