Yousif Capital Management LLC Has $721,000 Stock Position in Ferguson plc (NASDAQ:FERG)

Yousif Capital Management LLC raised its holdings in Ferguson plc (NASDAQ:FERG) by 3.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,502 shares of the company’s stock after purchasing an additional 147 shares during the period. Yousif Capital Management LLC’s holdings in Ferguson were worth $721,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of FERG. Parnassus Investments LLC lifted its position in shares of 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 acquired a new position in Ferguson in the fourth quarter valued at approximately $469,730,000. Barclays PLC raised its holdings in shares of Ferguson by 208.8% during the fourth quarter. Barclays PLC now owns 2,678,880 shares of the company’s stock valued at $464,973,000 after purchasing an additional 1,811,287 shares during the period. FMR LLC raised its position in shares of Ferguson by 18.2% during the fourth quarter. FMR LLC now owns 10,007,892 shares of the company’s stock worth $1,740,049,000 after purchasing an additional 1,539,889 shares during the period. Finally, Schroder Investment Management Group bought a new stake in shares of Ferguson during the fourth quarter worth about $239,539,000. 81.98% of the stock is currently owned by institutional investors.

Ferguson Price Performance

FERG stock opened at $214.45 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.91 and a current ratio of 1.68. The firm has a market capitalization of $42.29 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 1.69 and a beta of 1.13. The firm has a 50 day moving average price of $183.66 and a 200-day moving average price of $178.37. Ferguson plc has a 52-week low of $146.00 and a 52-week high of $225.63.

Ferguson (NASDAQ:FERG) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.44. Ferguson had a net margin of 5.68% and a return on equity of 34.63%. During the same quarter in the previous year, the business earned $2.32 EPS. The company’s quarterly revenue was up 4.3% on a year-over-year basis. Equities research analysts forecast that Ferguson plc will post 9.4 EPS for the current fiscal year.

Ferguson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Friday, June 20th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Friday, June 20th. Ferguson’s dividend payout ratio is 41.40%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FERG shares. JPMorgan Chase & Co. lifted their target price on shares of Ferguson from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, June 6th. Berenberg Bank reiterated a “hold” rating and issued a $215.00 price objective on shares of Ferguson in a research report on Thursday, June 5th. Royal Bank Of Canada raised their price target on Ferguson from $189.00 to $231.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. Morgan Stanley restated an “overweight” rating and set a $220.00 price target (up from $195.00) on shares of Ferguson in a research report on Monday, June 9th. Finally, Robert W. Baird set a $190.00 target price on shares of Ferguson and gave the stock an “outperform” rating in a report on Wednesday, March 12th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $221.27.

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.