Cwm LLC Has $33,000 Stake in Ferguson plc (NASDAQ:FERG)

Cwm LLC raised its position in Ferguson plc (NASDAQ:FERGGet Rating) by 40.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 323 shares of the company’s stock after purchasing an additional 93 shares during the period. Cwm LLC’s holdings in Ferguson were worth $33,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Assenagon Asset Management S.A. lifted its position in shares of Ferguson by 38.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 14,287 shares of the company’s stock worth $1,500,000 after purchasing an additional 3,963 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Ferguson in the 3rd quarter valued at $12,895,000. Truist Financial Corp increased its stake in shares of Ferguson by 1.7% in the 3rd quarter. Truist Financial Corp now owns 12,585 shares of the company’s stock valued at $1,296,000 after acquiring an additional 205 shares in the last quarter. Balentine LLC bought a new stake in shares of Ferguson in the 3rd quarter valued at $394,000. Finally, Wipfli Financial Advisors LLC bought a new stake in shares of Ferguson in the 3rd quarter valued at $75,000. Institutional investors and hedge funds own 52.19% of the company’s stock.

Ferguson Stock Performance

Shares of FERG stock opened at $138.00 on Friday. The firm has a market capitalization of $31.06 billion, a PE ratio of 13.76 and a beta of 1.21. The firm has a fifty day simple moving average of $126.61 and a two-hundred day simple moving average of $118.72. The company has a current ratio of 1.84, a quick ratio of 1.01 and a debt-to-equity ratio of 0.91. Ferguson plc has a 12 month low of $99.16 and a 12 month high of $168.90.

Ferguson Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, February 3rd. Stockholders of record on Friday, December 16th will be paid a $0.75 dividend. The ex-dividend date is Thursday, December 15th. This represents a dividend yield of 2.8%. Ferguson’s payout ratio is 29.91%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Berenberg Bank lifted their price objective on shares of Ferguson from £114 ($139.11) to £128 ($156.19) in a research note on Wednesday, January 11th. Bank of America lowered shares of Ferguson from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 11th. TheStreet upgraded shares of Ferguson from a “d+” rating to a “c-” rating in a research note on Friday, November 18th. Morgan Stanley lifted their price objective on shares of Ferguson from GBX 9,500 ($115.92) to GBX 9,890 ($120.68) in a research note on Wednesday, December 7th. Finally, Robert W. Baird lifted their price objective on shares of Ferguson from $140.00 to $155.00 in a research note on Wednesday, December 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $8,448.82.

About Ferguson

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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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Institutional Ownership by Quarter for Ferguson (NASDAQ:FERG)

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