Park Avenue Securities LLC reduced its stake in shares of Ferguson plc (NASDAQ:FERG - Free Report) by 33.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,673 shares of the company's stock after selling 1,851 shares during the period. Park Avenue Securities LLC's holdings in Ferguson were worth $588,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Integrated Wealth Concepts LLC lifted its position in shares of Ferguson by 6.5% during the 4th quarter. Integrated Wealth Concepts LLC now owns 1,214 shares of the company's stock valued at $211,000 after buying an additional 74 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Ferguson by 1.3% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,390 shares of the company's stock worth $1,109,000 after purchasing an additional 80 shares in the last quarter. Assetmark Inc. lifted its holdings in Ferguson by 41.1% in the 4th quarter. Assetmark Inc. now owns 333 shares of the company's stock worth $58,000 after purchasing an additional 97 shares in the last quarter. LGT Financial Advisors LLC lifted its holdings in Ferguson by 106.3% in the 4th 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. Finally, Inspire Advisors LLC lifted its holdings in Ferguson by 3.7% in the 4th quarter. Inspire Advisors LLC now owns 3,001 shares of the company's stock worth $521,000 after purchasing an additional 108 shares in the last quarter. 81.98% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the company. Robert W. Baird set a $190.00 price target on Ferguson and gave the stock an "outperform" rating in a report on Wednesday, March 12th. Truist Financial reissued a "buy" rating and issued a $230.00 price target on shares of Ferguson in a report on Wednesday, June 4th. Morgan Stanley reissued an "overweight" rating and issued a $220.00 price target (up from $195.00) on shares of Ferguson in a report on Monday, June 9th. Wells Fargo & Company boosted their price target on Ferguson from $190.00 to $230.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Finally, JPMorgan Chase & Co. boosted their price target on Ferguson from $200.00 to $220.00 and gave the stock an "overweight" rating in a report on Friday, June 6th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $217.07.
Check Out Our Latest Stock Analysis on Ferguson
Ferguson Stock Performance
Shares of Ferguson stock opened at $212.34 on Friday. The stock's fifty day moving average is $179.35 and its two-hundred day moving average is $178.39. The company has a market capitalization of $41.87 billion, a PE ratio of 25.49, 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 52 week low of $146.00 and a 52 week high of $225.63.
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%. The firm's quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.32 EPS. As a group, analysts expect that Ferguson plc will post 9.4 earnings per share for the current year.
Ferguson Announces Dividend
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 given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Friday, June 20th. 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.
Further Reading
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