Ferguson (NASDAQ:FERG) Price Target Lowered to $232.00 at Barclays

Ferguson (NASDAQ:FERGFree Report) had its price objective trimmed by Barclays from $236.00 to $232.00 in a report published on Wednesday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

Ferguson Price Performance

FERG stock opened at $201.45 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.80 and a quick ratio of 0.97. The business has a 50 day simple moving average of $213.58 and a 200-day simple moving average of $199.94. The firm has a market capitalization of $40.86 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 8.48 and a beta of 1.23. Ferguson has a 1 year low of $143.88 and a 1 year high of $224.86.

Ferguson (NASDAQ:FERGGet Free Report) last posted its quarterly earnings results on Tuesday, June 4th. The company reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.05. The business had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.32 billion. Ferguson had a return on equity of 37.99% and a net margin of 6.00%. The business’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.20 earnings per share. Equities research analysts anticipate that Ferguson will post 9.64 earnings per share for the current fiscal year.

Ferguson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 14th will be paid a dividend of $0.79 per share. The ex-dividend date is Friday, June 14th. This represents a $3.16 annualized dividend and a yield of 1.57%. Ferguson’s dividend payout ratio (DPR) is 36.74%.

Institutional Investors Weigh In On Ferguson

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cetera Advisors LLC increased its stake in Ferguson by 48.6% during the first quarter. Cetera Advisors LLC now owns 4,617 shares of the company’s stock worth $1,008,000 after acquiring an additional 1,510 shares during the last quarter. Cetera Investment Advisers increased its stake in Ferguson by 144.9% during the first quarter. Cetera Investment Advisers now owns 11,801 shares of the company’s stock worth $2,578,000 after acquiring an additional 6,982 shares during the last quarter. Atria Investments Inc grew its stake in shares of Ferguson by 5.8% in the first quarter. Atria Investments Inc now owns 17,962 shares of the company’s stock valued at $3,923,000 after buying an additional 979 shares in the last quarter. Swedbank AB acquired a new stake in shares of Ferguson in the first quarter valued at $26,379,000. Finally, iA Global Asset Management Inc. grew its stake in shares of Ferguson by 1,790.4% in the first quarter. iA Global Asset Management Inc. now owns 43,119 shares of the company’s stock valued at $9,418,000 after buying an additional 40,838 shares in the last quarter. Institutional investors and hedge funds own 81.98% of the company’s stock.

About Ferguson

(Get 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.

See Also

Analyst Recommendations for Ferguson (NASDAQ:FERG)

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