New York Life Investment Management LLC Takes Position in Ferguson plc (NASDAQ:FERG)

New York Life Investment Management LLC acquired a new stake in Ferguson plc (NASDAQ:FERG) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,440 shares of the company’s stock, valued at approximately $664,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FERG. Cambridge Investment Research Advisors Inc. increased its position in shares of Ferguson by 10.0% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 1,645 shares of the company’s stock worth $271,000 after purchasing an additional 149 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Ferguson by 144.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 4,382 shares of the company’s stock valued at $721,000 after acquiring an additional 2,586 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in shares of Ferguson by 150.0% in the 3rd quarter. Lindbrook Capital LLC now owns 320 shares of the company’s stock worth $53,000 after acquiring an additional 192 shares during the last quarter. Verdence Capital Advisors LLC lifted its holdings in shares of Ferguson by 15.6% in the 3rd quarter. Verdence Capital Advisors LLC now owns 1,657 shares of the company’s stock worth $273,000 after acquiring an additional 223 shares during the last quarter. Finally, Strs Ohio purchased a new position in shares of Ferguson during the 3rd quarter worth approximately $1,955,000. Institutional investors and hedge funds own 81.98% of the company’s stock.

Ferguson Stock Up 0.3 %

Shares of NASDAQ FERG opened at $219.53 on Thursday. 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 $213.43 and its two-hundred day moving average is $192.31. Ferguson plc has a 52-week low of $141.47 and a 52-week high of $224.86. The firm has a market cap of $44.52 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 9.13 and a beta of 1.27.

Ferguson (NASDAQ:FERG) last released its earnings results 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). The firm had revenue of $6.67 billion during the quarter, compared to analyst estimates of $6.72 billion. Ferguson had a net margin of 6.00% and a return on equity of 37.99%. During the same period in the prior year, the firm earned $1.91 earnings per share. The business’s revenue was down 2.2% compared to the same quarter last year. Research analysts predict that Ferguson plc will post 9.66 EPS for the current year.

Ferguson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Friday, March 15th were issued a dividend of $0.79 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.16 dividend on an annualized basis and a yield of 1.44%. Ferguson’s dividend payout ratio (DPR) is presently 36.74%.

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.