Victory Capital Management Inc. lessened its stake in Ferguson plc (NASDAQ:FERG - Free Report) by 25.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 100,479 shares of the company's stock after selling 34,444 shares during the quarter. Victory Capital Management Inc. owned 0.05% of Ferguson worth $16,100,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the stock. Grove Bank & Trust increased its stake in shares of Ferguson by 247.4% during the 1st quarter. Grove Bank & Trust now owns 198 shares of the company's stock worth $32,000 after purchasing an additional 141 shares during the last quarter. Whipplewood Advisors LLC grew its stake 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 during the last quarter. TD Private Client Wealth LLC grew its stake 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 during the last quarter. LGT Financial Advisors LLC grew its stake in Ferguson by 106.3% in the 4th quarter. LGT Financial Advisors LLC now owns 198 shares of the company's stock valued at $34,000 after buying an additional 102 shares during the last quarter. Finally, LRI Investments LLC acquired a new position in Ferguson in the 1st quarter valued at $46,000. Institutional investors and hedge funds own 81.98% of the company's stock.
Analysts Set New Price Targets
A number of research analysts recently issued reports on FERG shares. Wells Fargo & Company raised their target price on shares of Ferguson from $230.00 to $250.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. raised their target price on shares of Ferguson from $200.00 to $220.00 and gave the company an "overweight" rating in a research note on Friday, June 6th. Truist Financial reiterated a "buy" rating and issued a $230.00 target price on shares of Ferguson in a research note on Wednesday, June 4th. Royal Bank Of Canada raised their target price on shares of Ferguson from $189.00 to $231.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Finally, Barclays increased their price target on shares of Ferguson from $190.00 to $247.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $220.64.
Check Out Our Latest Research Report on FERG
Ferguson Price Performance
Shares of NASDAQ:FERG traded up $0.39 during midday trading on Friday, reaching $224.08. 1,110,373 shares of the company's stock were exchanged, compared to its average volume of 1,793,970. The company's 50 day simple moving average is $210.19 and its two-hundred day simple moving average is $184.53. The firm has a market capitalization of $44.18 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 1.69 and a beta of 1.17. Ferguson plc has a 12 month low of $146.00 and a 12 month high of $227.73. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.91 and a current ratio of 1.68.
Ferguson (NASDAQ:FERG - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $2.50 EPS for the quarter, topping analysts' consensus estimates of $2.06 by $0.44. Ferguson had a net margin of 5.68% and a return on equity of 34.63%. The firm's revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.32 earnings per share. Equities research analysts expect that Ferguson plc will post 9.4 earnings per share for the current fiscal year.
Ferguson Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Friday, June 20th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Friday, June 20th. Ferguson's dividend payout ratio (DPR) is currently 41.40%.
Ferguson Company 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.
Recommended Stories
Before you consider Ferguson, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ferguson wasn't on the list.
While Ferguson currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
