SIH Partners LLLP purchased a new stake in Ferguson plc (NASDAQ:FERG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 122,082 shares of the company's stock, valued at approximately $21,190,000. Ferguson comprises 1.1% of SIH Partners LLLP's investment portfolio, making the stock its 10th largest position. SIH Partners LLLP owned about 0.06% of Ferguson at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of FERG. Parnassus Investments LLC lifted its holdings in Ferguson by 944.4% during the 4th quarter. Parnassus Investments LLC now owns 3,537,155 shares of the company's stock worth $613,944,000 after buying an additional 3,198,477 shares during the last quarter. Norges Bank bought a new position in Ferguson during the 4th quarter worth approximately $469,730,000. Barclays PLC lifted its holdings in Ferguson by 208.8% during the 4th quarter. Barclays PLC now owns 2,678,880 shares of the company's stock worth $464,973,000 after buying an additional 1,811,287 shares during the last quarter. FMR LLC lifted its holdings in Ferguson by 18.2% during the 4th quarter. FMR LLC now owns 10,007,892 shares of the company's stock worth $1,740,049,000 after buying an additional 1,539,889 shares during the last quarter. Finally, Schroder Investment Management Group bought a new position in Ferguson during the 4th quarter worth approximately $239,539,000. Hedge funds and other institutional investors own 81.98% of the company's stock.
Ferguson Stock Performance
FERG traded up $0.21 during trading hours on Friday, hitting $169.73. The company's stock had a trading volume of 1,471,321 shares, compared to its average volume of 1,582,407. Ferguson plc has a fifty-two week low of $146.00 and a fifty-two week 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 firm has a market capitalization of $33.94 billion, a PE ratio of 20.38, a PEG ratio of 1.69 and a beta of 1.17. The company has a 50-day simple moving average of $164.79 and a 200 day simple moving average of $182.07.
Ferguson (NASDAQ:FERG - Get Free Report) last posted its earnings results on Tuesday, March 11th. The company reported $1.52 EPS 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 business had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.76 billion. During the same quarter in the prior year, the business earned $1.74 earnings per share. The firm's revenue was up 3.0% compared to the same quarter last year. As a group, sell-side analysts expect that Ferguson plc will post 9.4 EPS for the current year.
Ferguson Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Friday, March 21st will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, March 21st. Ferguson's dividend payout ratio (DPR) is presently 40.84%.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the company. Oppenheimer reduced their target price on Ferguson from $234.00 to $189.00 and set an "outperform" rating on the stock in a report on Wednesday, March 12th. Wolfe Research assumed coverage on Ferguson in a report on Monday, March 17th. They set a "peer perform" rating on the stock. Bank of America raised Ferguson from an "underperform" rating to a "buy" rating and increased their target price for the stock from $185.00 to $225.00 in a report on Wednesday, January 8th. Robert W. Baird set a $190.00 price target on Ferguson and gave the stock an "outperform" rating in a report on Wednesday, March 12th. Finally, Wells Fargo & Company raised their price target on Ferguson from $180.00 to $190.00 and gave the stock an "overweight" rating in a report on Monday, April 14th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Ferguson currently has a consensus rating of "Moderate Buy" and an average target price of $199.38.
Read Our Latest Analysis on Ferguson
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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