Laurion Capital Management LP Has $4.69 Million Stock Holdings in Ferguson plc (NASDAQ:FERG)

Laurion Capital Management LP lessened its holdings in Ferguson plc (NASDAQ:FERG - Free Report) by 6.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,995 shares of the company's stock after selling 1,987 shares during the period. Laurion Capital Management LP's holdings in Ferguson were worth $4,686,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of FERG. Integrated Wealth Concepts LLC grew its holdings in shares of Ferguson by 6.5% in the 4th quarter. Integrated Wealth Concepts LLC now owns 1,214 shares of the company's stock valued at $211,000 after buying an additional 74 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Ferguson by 1.3% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,390 shares of the company's stock valued at $1,109,000 after buying an additional 80 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Ferguson by 0.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 23,834 shares of the company's stock valued at $4,137,000 after buying an additional 86 shares during the period. Caprock Group LLC grew its holdings in shares of Ferguson by 2.8% in the 4th quarter. Caprock Group LLC now owns 3,496 shares of the company's stock valued at $610,000 after buying an additional 94 shares during the period. Finally, Assetmark Inc. grew its holdings in shares of Ferguson by 41.1% in the 4th quarter. Assetmark Inc. now owns 333 shares of the company's stock valued at $58,000 after buying an additional 97 shares during the period. Institutional investors and hedge funds own 81.98% of the company's stock.

Ferguson Trading Up 0.1%

FERG opened at $171.24 on Monday. Ferguson plc has a 1-year low of $146.00 and a 1-year high of $225.63. The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. The company has a market cap of $34.24 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 1.69 and a beta of 1.14. The company has a fifty day moving average price of $163.79 and a two-hundred day moving average price of $179.98.

Ferguson (NASDAQ:FERG - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.58 by ($0.06). The business had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.76 billion. Ferguson had a net margin of 5.68% and a return on equity of 34.63%. Ferguson's revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.74 EPS. Analysts predict that Ferguson plc will post 9.4 EPS for the current fiscal year.

Ferguson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Friday, March 21st were issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Friday, March 21st. Ferguson's dividend payout ratio (DPR) is 40.84%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on FERG shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $189.00 target price on shares of Ferguson in a research note on Tuesday, March 18th. Morgan Stanley started coverage on shares of Ferguson in a research note on Monday, February 3rd. They issued an "overweight" rating and a $204.00 target price for the company. Oppenheimer reduced their target price on shares of Ferguson from $234.00 to $189.00 and set an "outperform" rating for the company in a research note on Wednesday, March 12th. Wolfe Research started coverage on shares of Ferguson in a research note on Monday, March 17th. They issued a "peer perform" rating for the company. Finally, Barclays reduced their target price on shares of Ferguson from $211.00 to $190.00 and set an "overweight" rating for the company in a research note on Wednesday, March 12th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $199.38.

Ferguson 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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