Sivia Capital Partners LLC Invests $257,000 in Ferguson plc $FERG

Key Points

• Sivia Capital Partners LLC has acquired a new position in Ferguson plc, purchasing 1,180 shares valued at approximately $257,000.
• Ferguson has announced a quarterly dividend of $0.83, which will be paid on November 7, representing an annual yield of 1.4%.
• According to Wall Street analysts, Ferguson currently holds a consensus rating of "Moderate Buy" with an average target price of $235.71.

Sivia Capital Partners LLC purchased a new position in shares of Ferguson plc (NASDAQ:FERG - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,180 shares of the company's stock, valued at approximately $257,000.

A number of other hedge funds have also recently added to or reduced their stakes in FERG. Grove Bank & Trust increased its stake in shares of Ferguson by 247.4% in the first quarter. Grove Bank & Trust now owns 198 shares of the company's stock valued at $32,000 after buying an additional 141 shares during the period. Whipplewood Advisors LLC increased its position in Ferguson by 166.7% in the 1st quarter. Whipplewood Advisors LLC now owns 208 shares of the company's stock valued at $33,000 after buying an additional 130 shares in the last quarter. TD Private Client Wealth LLC increased its position in Ferguson by 56.5% in the 1st quarter. TD Private Client Wealth LLC now owns 205 shares of the company's stock valued at $33,000 after buying an additional 74 shares in the last quarter. Brooklyn Investment Group boosted its stake in Ferguson by 103.6% during the 1st quarter. Brooklyn Investment Group now owns 226 shares of the company's stock valued at $36,000 after purchasing an additional 115 shares during the last quarter. Finally, SVB Wealth LLC acquired a new position in Ferguson during the 1st quarter valued at about $43,000. Institutional investors and hedge funds own 81.98% of the company's stock.

Ferguson Stock Performance

Shares of NASDAQ:FERG traded up $1.11 during midday trading on Tuesday, reaching $234.14. The company's stock had a trading volume of 348,186 shares, compared to its average volume of 1,765,474. The firm has a market capitalization of $46.17 billion, a PE ratio of 28.21, a P/E/G ratio of 1.69 and a beta of 1.15. 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 stock has a fifty day moving average of $227.16 and a 200 day moving average of $198.98. Ferguson plc has a twelve month low of $146.00 and a twelve month high of $243.40.

Ferguson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, September 26th will be given a dividend of $0.83 per share. The ex-dividend date is Friday, September 26th. This represents a $3.32 dividend on an annualized basis and a yield of 1.4%. Ferguson's payout ratio is presently 35.55%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on FERG shares. Wells Fargo & Company lifted their price target on shares of Ferguson from $250.00 to $275.00 and gave the stock an "overweight" rating in a report on Wednesday, September 17th. The Goldman Sachs Group initiated coverage on shares of Ferguson in a report on Wednesday, June 18th. They issued a "buy" rating and a $280.00 price target on the stock. Oppenheimer upped their target price on shares of Ferguson from $235.00 to $255.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 17th. Morgan Stanley restated an "overweight" rating on shares of Ferguson in a research report on Wednesday, September 10th. Finally, Truist Financial increased their target price on shares of Ferguson from $240.00 to $260.00 and gave the stock a "buy" rating in a report on Wednesday, September 17th. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $235.71.

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.