30,617 Shares in Ferguson plc (NASDAQ:FERG) Purchased by 1832 Asset Management L.P.

1832 Asset Management L.P. purchased a new position in shares of Ferguson plc (NASDAQ:FERGFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 30,617 shares of the company’s stock, valued at approximately $5,911,000.

A number of other large investors have also recently made changes to their positions in FERG. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Ferguson during the 4th quarter worth about $29,000. CVA Family Office LLC purchased a new stake in Ferguson in the 4th quarter valued at about $31,000. Private Trust Co. NA boosted its position in Ferguson by 146.1% in the 4th quarter. Private Trust Co. NA now owns 187 shares of the company’s stock valued at $36,000 after buying an additional 111 shares during the period. Avalon Trust Co purchased a new stake in Ferguson in the 4th quarter valued at about $50,000. Finally, Operose Advisors LLC purchased a new stake in Ferguson in the 3rd quarter valued at about $53,000. 81.98% of the stock is owned by hedge funds and other institutional investors.

Ferguson Price Performance

Shares of FERG opened at $198.68 on Friday. The company has a 50 day moving average price of $213.20 and a 200-day moving average price of $199.94. Ferguson plc has a fifty-two week low of $144.08 and a fifty-two week high of $224.86. The stock has a market capitalization of $40.12 billion, a PE ratio of 21.08, a PEG ratio of 8.35 and a beta of 1.23. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.97 and a current ratio of 1.68.

Ferguson (NASDAQ:FERGGet Free Report) last announced its quarterly earnings results on Tuesday, June 4th. The company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.05. Ferguson had a net margin of 6.33% and a return on equity of 36.89%. The firm had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $7.32 billion. During the same quarter in the prior year, the company earned $2.20 EPS. The company’s revenue was up 2.4% compared to the same quarter last year. Equities analysts predict that Ferguson plc will post 9.65 earnings per share for the current fiscal year.

Ferguson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 14th will be given a $0.79 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.16 annualized dividend and a dividend yield of 1.59%. Ferguson’s payout ratio is presently 34.54%.

Analysts Set New Price Targets

FERG has been the subject of several research reports. Royal Bank of Canada lowered their price objective on shares of Ferguson from $217.00 to $211.00 and set an “outperform” rating for the company in a research report on Wednesday. Barclays lowered their price objective on shares of Ferguson from $236.00 to $232.00 and set an “overweight” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Ferguson presently has an average rating of “Moderate Buy” and a consensus target price of $199.33.

View Our Latest Stock Analysis on FERG

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.

See Also

Institutional Ownership by Quarter for Ferguson (NASDAQ:FERG)

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