Janney Montgomery Scott LLC boosted its holdings in shares of Ferguson plc (NASDAQ:FERG - Free Report) by 4.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 119,688 shares of the company's stock after buying an additional 4,808 shares during the quarter. Janney Montgomery Scott LLC owned 0.06% of Ferguson worth $19,178,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the business. Mission Wealth Management LP raised its stake in shares of Ferguson by 2.2% during the 1st quarter. Mission Wealth Management LP now owns 3,050 shares of the company's stock valued at $489,000 after buying an additional 67 shares during the last quarter. James Hambro & Partners LLP grew its holdings in Ferguson by 1.1% during the first quarter. James Hambro & Partners LLP now owns 6,311 shares of the company's stock worth $1,011,000 after acquiring an additional 70 shares during the period. Hennessy Advisors Inc. purchased a new position in Ferguson during the first quarter valued at approximately $2,419,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Ferguson by 25.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,188 shares of the company's stock valued at $1,312,000 after acquiring an additional 1,645 shares during the period. Finally, Azzad Asset Management Inc. ADV lifted its holdings in Ferguson by 1.9% in the first quarter. Azzad Asset Management Inc. ADV now owns 6,809 shares of the company's stock valued at $1,091,000 after acquiring an additional 129 shares during the period. 81.98% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have recently commented on FERG shares. Truist Financial reaffirmed a "buy" rating and set a $230.00 price objective on shares of Ferguson in a research note on Wednesday, June 4th. The Goldman Sachs Group assumed coverage on shares of Ferguson in a research report on Wednesday. They set a "buy" rating and a $280.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on shares of Ferguson from $200.00 to $220.00 and gave the stock an "overweight" rating in a research report on Friday, June 6th. Berenberg Bank reissued a "hold" rating and set a $215.00 target price on shares of Ferguson in a research note on Thursday, June 5th. Finally, Citigroup cut their price target on Ferguson from $189.00 to $168.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ferguson currently has a consensus rating of "Moderate Buy" and a consensus target price of $221.27.
View Our Latest Stock Report on Ferguson
Ferguson Price Performance
FERG stock traded up $2.70 during trading on Thursday, hitting $214.45. The stock had a trading volume of 1,994,647 shares, compared to its average volume of 1,658,081. Ferguson plc has a twelve month low of $146.00 and a twelve month high of $225.63. The company's 50-day moving average price is $182.60 and its two-hundred day moving average price is $178.37. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 0.91. The stock has a market capitalization of $42.29 billion, a P/E ratio of 25.74, a PEG ratio of 1.69 and a beta of 1.13.
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, 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%. During the same period last year, the firm earned $2.32 EPS. Ferguson's quarterly revenue was up 4.3% on a year-over-year basis. As a group, research analysts predict that Ferguson plc will post 9.4 EPS for the current fiscal year.
Ferguson Announces Dividend
The firm also recently announced 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 of this dividend is Friday, June 20th. This represents a $3.32 annualized dividend and a yield of 1.55%. Ferguson's dividend payout ratio (DPR) is presently 41.40%.
Ferguson 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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