New York State Common Retirement Fund raised its position in Ferguson plc (NASDAQ:FERG - Free Report) by 2.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 147,953 shares of the company's stock after purchasing an additional 3,800 shares during the quarter. New York State Common Retirement Fund owned about 0.07% of Ferguson worth $23,707,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC lifted its position in shares of Ferguson by 53.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 354 shares of the company's stock valued at $61,000 after acquiring an additional 124 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Ferguson by 14.8% in the 4th quarter. Sequoia Financial Advisors LLC now owns 2,766 shares of the company's stock worth $480,000 after purchasing an additional 356 shares during the last quarter. Avantax Advisory Services Inc. boosted its position in shares of Ferguson by 11.1% during the 4th quarter. Avantax Advisory Services Inc. now owns 5,597 shares of the company's stock valued at $971,000 after acquiring an additional 559 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Ferguson by 4.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 3,481 shares of the company's stock valued at $604,000 after acquiring an additional 147 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Ferguson by 1.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,463 shares of the company's stock worth $2,510,000 after acquiring an additional 181 shares in the last quarter. Institutional investors and hedge funds own 81.98% of the company's stock.
Analyst Ratings Changes
FERG has been the subject of a number of recent research reports. Berenberg Bank reissued a "hold" rating and set a $215.00 price target on shares of Ferguson in a research note on Thursday, June 5th. JPMorgan Chase & Co. increased 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. Truist Financial reiterated a "buy" rating and issued a $230.00 price target on shares of Ferguson in a research note on Wednesday, June 4th. The Goldman Sachs Group began coverage on shares of Ferguson in a research report on Wednesday, June 18th. They issued a "buy" rating and a $280.00 price objective on the stock. Finally, Barclays raised their price target on shares of Ferguson from $190.00 to $247.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $222.60.
Read Our Latest Research Report on Ferguson
Ferguson Stock Up 1.1%
FERG stock traded up $2.33 during midday trading on Thursday, reaching $219.60. 753,191 shares of the company's stock traded hands, compared to its average volume of 1,671,268. Ferguson plc has a 52 week low of $146.00 and a 52 week high of $226.63. The company has a quick ratio of 0.91, a current ratio of 1.68 and a debt-to-equity ratio of 0.83. The company has a market cap of $43.30 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 1.69 and a beta of 1.17. The firm's fifty day moving average price is $203.76 and its 200-day moving average price is $182.06.
Ferguson (NASDAQ:FERG - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.06 by $0.44. Ferguson had a net margin of 5.68% and a return on equity of 34.63%. The business's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the business posted $2.32 earnings per share. As a group, sell-side analysts forecast that Ferguson plc will post 9.4 earnings per share for the current fiscal year.
Ferguson Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Friday, June 20th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 1.51%. The ex-dividend date is Friday, June 20th. Ferguson's dividend payout ratio (DPR) is presently 41.40%.
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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