Twinbeech Capital LP Increases Holdings in Ferguson plc (NASDAQ:FERG)

Twinbeech Capital LP lifted its position in shares of Ferguson plc (NASDAQ:FERG - Free Report) by 63.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,732 shares of the company's stock after acquiring an additional 40,605 shares during the quarter. Twinbeech Capital LP owned 0.05% of Ferguson worth $18,178,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Integrated Wealth Concepts LLC raised 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 worth $211,000 after purchasing an additional 74 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Ferguson by 1.3% during 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 during the last quarter. Caprock Group LLC raised its position in shares of Ferguson by 2.8% during the 4th quarter. Caprock Group LLC now owns 3,496 shares of the company's stock worth $610,000 after purchasing an additional 94 shares during the last quarter. Assetmark Inc. raised its position in shares of Ferguson by 41.1% during the 4th quarter. Assetmark Inc. now owns 333 shares of the company's stock worth $58,000 after purchasing an additional 97 shares during the last quarter. Finally, LGT Financial Advisors LLC raised its position in shares of Ferguson by 106.3% during 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 during the last quarter. Hedge funds and other institutional investors own 81.98% of the company's stock.

Ferguson Trading Down 0.7%

FERG stock opened at $183.34 on Tuesday. The company has a market cap of $36.66 billion, a price-to-earnings ratio of 22.01, a PEG ratio of 1.69 and a beta of 1.14. 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 business has a fifty day simple moving average of $165.68 and a 200-day simple moving average of $179.27. 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 released its quarterly earnings data on Tuesday, March 11th. The company reported $1.52 EPS for the quarter, missing analysts' consensus estimates of $1.58 by ($0.06). The firm had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.76 billion. Ferguson had a return on equity of 34.63% and a net margin of 5.68%. The company's quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.74 earnings per share. On average, equities research analysts expect that Ferguson plc will post 9.4 EPS for the current year.

Ferguson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 6th. Investors of record on Friday, March 21st were given a dividend of $0.83 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $3.32 dividend on an annualized basis and a yield of 1.81%. Ferguson's dividend payout ratio (DPR) is 40.84%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Citigroup cut their price target on Ferguson from $189.00 to $168.00 and set a "neutral" rating for the company in a report on Wednesday, March 12th. Royal Bank of Canada reiterated an "outperform" rating and issued a $189.00 price target on shares of Ferguson in a report on Tuesday, March 18th. JPMorgan Chase & Co. cut their price target on Ferguson from $205.00 to $190.00 and set an "overweight" rating for the company in a report on Wednesday, March 19th. Barclays cut their price target on Ferguson from $211.00 to $190.00 and set an "overweight" rating for the company in a report on Wednesday, March 12th. Finally, Wells Fargo & Company boosted their price target on Ferguson from $180.00 to $190.00 and gave the company an "overweight" rating in a report on Monday, April 14th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $199.38.

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.

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