International Assets Investment Management LLC Makes New $2.27 Million Investment in Ferguson plc (NASDAQ:FERG)

International Assets Investment Management LLC bought a new position in shares of Ferguson plc (NASDAQ:FERG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 11,777 shares of the company's stock, valued at approximately $2,274,000.

A number of other institutional investors have also recently added to or reduced their stakes in FERG. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Ferguson in the 4th quarter valued at $29,000. CVA Family Office LLC bought a new stake in shares of Ferguson in the 4th quarter valued at $31,000. Private Trust Co. NA boosted its stake in shares of Ferguson by 146.1% in the 4th quarter. Private Trust Co. NA now owns 187 shares of the company's stock valued at $36,000 after purchasing an additional 111 shares during the last quarter. Milestone Investment Advisors LLC bought a new stake in shares of Ferguson in the 1st quarter valued at $38,000. Finally, Resurgent Financial Advisors LLC bought a new stake in shares of Ferguson in the 4th quarter valued at $47,000. 81.98% of the stock is owned by institutional investors.

Ferguson Stock Down 0.4 %

FERG traded down $0.74 during trading on Friday, hitting $208.80. 685,521 shares of the company's stock were exchanged, compared to its average volume of 1,098,316. The company has a quick ratio of 0.97, a current ratio of 1.80 and a debt-to-equity ratio of 0.66. The business's 50 day moving average is $210.60 and its two-hundred day moving average is $187.93. Ferguson plc has a fifty-two week low of $133.10 and a fifty-two week high of $224.86. The stock has a market cap of $42.35 billion, a P/E ratio of 24.28, a PEG ratio of 8.75 and a beta of 1.27.

Ferguson (NASDAQ:FERG - Get Free Report) last released its quarterly earnings data on Tuesday, March 5th. The company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.08). Ferguson had a return on equity of 37.99% and a net margin of 6.00%. The business had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.72 billion. During the same quarter in the previous year, the company posted $1.91 EPS. The business's quarterly revenue was down 2.2% on a year-over-year basis. As a group, equities analysts expect that Ferguson plc will post 9.66 earnings per share for the current fiscal year.

Ferguson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Friday, March 15th will be issued a dividend of $0.79 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $3.16 annualized dividend and a yield of 1.51%. Ferguson's payout ratio is 36.74%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Raymond James lowered shares of Ferguson from an "outperform" rating to a "market perform" rating in a research note on Monday, January 8th. Wells Fargo & Company raised shares of Ferguson from an "equal weight" rating to an "overweight" rating in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Ferguson has a consensus rating of "Moderate Buy" and an average price target of $166.50.

About Ferguson

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.