Wealthquest Corp Invests $407,000 in Ferguson plc (NASDAQ:FERG)

Key Points

• Wealthquest Corp has made a significant investment of $407,000 in Ferguson plc, acquiring 2,538 shares during the first quarter.
• Ferguson's stock has shown strong performance with a current price of $223.07, and it recently reported earnings that beat analysts' expectations with an EPS of $2.50.
• The company has declared a quarterly dividend of $0.83, representing an annualized dividend yield of 1.5%, with a payout ratio of 41.40%.

Wealthquest Corp purchased a new stake in shares of Ferguson plc (NASDAQ:FERG - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,538 shares of the company's stock, valued at approximately $407,000.

A number of other hedge funds also recently bought and sold shares of the business. Brentview Investment Management LLC raised its stake in Ferguson by 5.3% during the first quarter. Brentview Investment Management LLC now owns 25,804 shares of the company's stock valued at $4,135,000 after purchasing an additional 1,289 shares in the last quarter. Baader Bank Aktiengesellschaft increased its position in Ferguson by 1.4% during the first quarter. Baader Bank Aktiengesellschaft now owns 43,065 shares of the company's stock valued at $6,899,000 after acquiring an additional 589 shares during the last quarter. XTX Topco Ltd increased its position in Ferguson by 444.2% during the first quarter. XTX Topco Ltd now owns 13,811 shares of the company's stock valued at $2,213,000 after acquiring an additional 11,273 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in Ferguson during the first quarter valued at $1,593,000. Finally, Meeder Advisory Services Inc. increased its position in Ferguson by 28.9% during the first quarter. Meeder Advisory Services Inc. now owns 2,443 shares of the company's stock valued at $391,000 after acquiring an additional 547 shares during the last quarter. Hedge funds and other institutional investors own 81.98% of the company's stock.

Ferguson Stock Performance

FERG stock opened at $223.07 on Friday. The firm has a market cap of $43.99 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 1.69 and a beta of 1.17. The firm has a 50-day simple moving average of $213.77 and a two-hundred day simple moving average of $185.94. Ferguson plc has a one year low of $146.00 and a one year high of $228.80. 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 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 net margin of 5.68% and a return on equity of 34.63%. The firm's revenue was up 4.3% on a year-over-year basis. During the same period last year, the company posted $2.32 earnings per share. On average, equities analysts forecast that Ferguson plc will post 9.4 EPS for the current fiscal year.

Ferguson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Friday, June 20th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, June 20th. Ferguson's dividend payout ratio is 41.40%.

Analyst Ratings Changes

A number of research firms have weighed in on FERG. Royal Bank Of Canada boosted their price objective on shares of Ferguson from $189.00 to $231.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Morgan Stanley reiterated an "overweight" rating and set a $220.00 price objective (up previously from $195.00) on shares of Ferguson in a research report on Monday, June 9th. Truist Financial reiterated a "buy" rating and set a $230.00 price objective on shares of Ferguson in a research report on Wednesday, June 4th. Berenberg Bank restated a "hold" rating and issued a $215.00 price target on shares of Ferguson in a report on Thursday, June 5th. Finally, Oppenheimer upped their price target on shares of Ferguson from $189.00 to $235.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Ferguson currently has a consensus rating of "Moderate Buy" and an average target price of $220.64.

Ferguson Company Profile

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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