Redwood Investments LLC raised its stake in Ferguson plc (NASDAQ:FERG - Free Report) by 22.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 21,866 shares of the company's stock after purchasing an additional 3,945 shares during the quarter. Ferguson accounts for 1.0% of Redwood Investments LLC's portfolio, making the stock its 25th biggest position. Redwood Investments LLC's holdings in Ferguson were worth $3,795,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in FERG. Barclays PLC lifted its stake in Ferguson by 76.9% in the third quarter. Barclays PLC now owns 867,593 shares of the company's stock worth $172,281,000 after acquiring an additional 377,283 shares during the period. Assenagon Asset Management S.A. raised its holdings in Ferguson by 7,632.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 677,684 shares of the company's stock worth $117,626,000 after purchasing an additional 668,920 shares in the last quarter. Park Avenue Securities LLC lifted its position in Ferguson by 17.0% during the fourth quarter. Park Avenue Securities LLC now owns 5,524 shares of the company's stock valued at $959,000 after buying an additional 804 shares during the period. Founders Grove Wealth Partners LLC purchased a new stake in shares of Ferguson in the 4th quarter worth about $230,000. Finally, Steph & Co. bought a new position in shares of Ferguson in the 4th quarter worth about $219,000. Institutional investors own 81.98% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on FERG. Morgan Stanley assumed coverage on shares of Ferguson in a report on Monday, February 3rd. They issued an "overweight" rating and a $204.00 price objective on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Ferguson in a report on Tuesday, April 1st. They issued a "hold" rating and a $174.00 price objective for the company. Robert W. Baird set a $190.00 price target on Ferguson and gave the stock an "outperform" rating in a research note on Wednesday, March 12th. Barclays dropped their price objective on Ferguson from $211.00 to $190.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 12th. Finally, Wolfe Research initiated coverage on Ferguson in a report on Monday, March 17th. They issued a "peer perform" rating for the company. 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, Ferguson presently has a consensus rating of "Moderate Buy" and a consensus price target of $199.38.
Get Our Latest Research Report on FERG
Ferguson Price Performance
Shares of FERG traded down $0.37 during midday trading on Tuesday, hitting $182.83. 307,675 shares of the company traded hands, compared to its average volume of 1,856,290. The firm has a 50 day moving average of $165.68 and a 200-day moving average of $179.27. Ferguson plc has a 52 week low of $146.00 and a 52 week high of $225.63. The stock has a market cap of $36.56 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 1.69 and a beta of 1.14. 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 released its quarterly earnings data 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). Ferguson had a net margin of 5.68% and a return on equity of 34.63%. The firm had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.76 billion. During the same quarter in the previous year, the firm earned $1.74 earnings per share. The business's revenue was up 3.0% compared to the same quarter last year. On average, analysts forecast that Ferguson plc will post 9.4 EPS for the current fiscal year.
Ferguson Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 6th. Investors of record on Friday, March 21st were paid a $0.83 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $3.32 dividend on an annualized basis and a yield of 1.82%. Ferguson's dividend payout ratio is currently 40.84%.
Ferguson Company Profile
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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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