XN LP acquired a new position in Ferguson plc (NASDAQ:FERG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 60,583 shares of the company's stock, valued at approximately $10,515,000. Ferguson makes up approximately 0.4% of XN LP's investment portfolio, making the stock its 21st biggest holding.
Other institutional investors have also added to or reduced their stakes in the company. Manchester Capital Management LLC raised its holdings in Ferguson by 906.7% in the fourth quarter. Manchester Capital Management LLC now owns 151 shares of the company's stock worth $26,000 after purchasing an additional 136 shares in the last quarter. LGT Financial Advisors LLC grew its stake in shares of Ferguson by 106.3% in the fourth quarter. LGT Financial Advisors LLC now owns 198 shares of the company's stock worth $34,000 after acquiring an additional 102 shares during the last quarter. Berbice Capital Management LLC purchased a new stake in shares of Ferguson in the fourth quarter worth $35,000. Private Trust Co. NA grew its stake in shares of Ferguson by 92.5% in the fourth quarter. Private Trust Co. NA now owns 258 shares of the company's stock worth $45,000 after acquiring an additional 124 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Ferguson in the fourth quarter worth $45,000. Institutional investors own 81.98% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on FERG shares. Deutsche Bank Aktiengesellschaft started coverage on Ferguson in a research note on Tuesday, April 1st. They issued a "hold" rating and a $174.00 target price on the stock. Wells Fargo & Company increased their target price on Ferguson from $180.00 to $190.00 and gave the stock an "overweight" rating in a research note on Monday, April 14th. Royal Bank of Canada reissued an "outperform" rating and issued a $189.00 target price on shares of Ferguson in a research note on Tuesday, March 18th. Morgan Stanley assumed coverage on Ferguson in a research report on Monday, February 3rd. They set an "overweight" rating and a $204.00 price objective on the stock. Finally, Oppenheimer dropped their price objective on Ferguson from $234.00 to $189.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 12th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $199.38.
Get Our Latest Report on Ferguson
Ferguson Stock Performance
NASDAQ:FERG traded down $1.11 on Friday, hitting $178.19. The stock had a trading volume of 1,551,032 shares, compared to its average volume of 1,626,201. The stock has a market cap of $35.63 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth 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's 50-day simple moving average is $167.24 and its two-hundred day simple moving average is $178.77. 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 earnings results on Tuesday, March 11th. The company reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.06). The firm had revenue of $6.87 billion during the quarter, compared to analysts' expectations of $6.76 billion. Ferguson had a return on equity of 34.63% and a net margin of 5.68%. The company's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.74 earnings per share. As a group, research analysts predict that Ferguson plc will post 9.4 earnings per share for the current year.
Ferguson Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Friday, March 21st were given a $0.83 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $3.32 annualized dividend and a yield of 1.86%. Ferguson's payout ratio is 40.84%.
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.
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