Hudson Bay Capital Management LP bought a new stake in shares of Ferguson plc (NASDAQ:FERG - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,000 shares of the company's stock, valued at approximately $2,256,000.
Several other institutional investors and hedge funds also recently bought and sold shares of FERG. Charles Schwab Investment Management Inc. raised its holdings in Ferguson by 7.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 778,737 shares of the company's stock valued at $135,247,000 after acquiring an additional 52,776 shares during the period. New York Life Investment Management LLC bought a new stake in shares of Ferguson in the fourth quarter worth about $587,000. Markel Group Inc. increased its holdings in shares of Ferguson by 25.4% in the fourth quarter. Markel Group Inc. now owns 106,000 shares of the company's stock worth $18,398,000 after purchasing an additional 21,500 shares during the last quarter. PFG Investments LLC bought a new stake in shares of Ferguson in the fourth quarter worth about $467,000. Finally, Brentview Investment Management LLC bought a new stake in shares of Ferguson in the fourth quarter worth about $4,255,000. 81.98% of the stock is currently owned by hedge funds and other institutional investors.
Ferguson Trading Up 1.6%
Shares of NASDAQ:FERG traded up $2.83 during trading hours on Friday, hitting $184.54. 1,716,944 shares of the company's stock traded hands, compared to its average volume of 1,616,847. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 0.91. The firm has a market capitalization of $36.90 billion, a P/E ratio of 22.15, a price-to-earnings-growth ratio of 1.69 and a beta of 1.14. The business has a fifty day moving average price of $165.13 and a 200-day moving average price of $179.62. Ferguson plc has a 1 year low of $146.00 and a 1 year high of $225.63.
Ferguson (NASDAQ:FERG - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $1.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 net margin of 5.68% and a return on equity of 34.63%. The firm's revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.74 EPS. Equities analysts expect that Ferguson plc will post 9.4 earnings per share for the current year.
Ferguson Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 6th. Investors of record on Friday, March 21st were issued a $0.83 dividend. The ex-dividend date was Friday, March 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.80%. Ferguson's payout ratio is 40.84%.
Analysts Set New Price Targets
FERG has been the topic of several research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Ferguson in a report on Tuesday, April 1st. They issued a "hold" rating and a $174.00 target price on the stock. Zelman & Associates cut Ferguson from a "strong-buy" rating to a "hold" rating in a report on Friday, January 17th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $189.00 target price on shares of Ferguson in a report on Tuesday, March 18th. Robert W. Baird set a $190.00 target price on Ferguson and gave the stock an "outperform" rating in a report on Wednesday, March 12th. Finally, Wells Fargo & Company lifted their target price on Ferguson from $180.00 to $190.00 and gave the stock an "overweight" rating in a report on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Ferguson has an average rating of "Moderate Buy" and an average price target of $199.38.
Get Our Latest Analysis on FERG
About Ferguson
(
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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