Cinctive Capital Management LP Purchases 14,886 Shares of Ferguson plc $FERG

Cinctive Capital Management LP grew its position in shares of Ferguson plc (NYSE:FERG) by 595.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,386 shares of the company’s stock after buying an additional 14,886 shares during the period. Cinctive Capital Management LP’s holdings in Ferguson were worth $3,905,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FERG. Cornerstone Planning Group LLC raised its stake in Ferguson by 178.3% in the 3rd quarter. Cornerstone Planning Group LLC now owns 128 shares of the company’s stock valued at $31,000 after acquiring an additional 82 shares during the period. Johnson Financial Group Inc. bought a new position in Ferguson during the third quarter worth about $34,000. Quent Capital LLC bought a new position in Ferguson during the third quarter worth about $43,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Ferguson by 21.7% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 292 shares of the company’s stock worth $66,000 after purchasing an additional 52 shares in the last quarter. Finally, CX Institutional increased its stake in shares of Ferguson by 9,900.0% in the third quarter. CX Institutional now owns 300 shares of the company’s stock worth $67,000 after purchasing an additional 297 shares in the last quarter. Institutional investors own 81.98% of the company’s stock.

Ferguson Price Performance

FERG stock opened at $222.07 on Monday. The firm has a 50 day moving average of $248.85 and a 200-day moving average of $240.47. The company has a current ratio of 1.88, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. Ferguson plc has a 12 month low of $146.00 and a 12 month high of $271.64. The firm has a market capitalization of $43.19 billion, a P/E ratio of 22.43, a price-to-earnings-growth ratio of 1.80 and a beta of 1.17.

Ferguson (NYSE:FERG) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $1.99 EPS for the quarter, missing the consensus estimate of $2.24 by ($0.25). Ferguson had a net margin of 6.93% and a return on equity of 40.37%. Ferguson’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.52 EPS.

Ferguson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Friday, March 6th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, March 6th. Ferguson’s payout ratio is 35.96%.

Analyst Ratings Changes

A number of brokerages recently commented on FERG. Deutsche Bank Aktiengesellschaft upped their price target on shares of Ferguson from $237.00 to $246.00 and gave the company a “hold” rating in a research note on Thursday, December 11th. Royal Bank Of Canada lifted their price objective on shares of Ferguson from $247.00 to $271.00 and gave the company an “outperform” rating in a research note on Tuesday, February 24th. Oppenheimer boosted their target price on shares of Ferguson from $255.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday, February 25th. Wells Fargo & Company increased their target price on Ferguson from $280.00 to $285.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Finally, UBS Group raised their price target on Ferguson from $220.00 to $252.00 and gave the stock a “neutral” rating in a report on Wednesday, February 25th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Ferguson has a consensus rating of “Moderate Buy” and an average price target of $268.93.

More Ferguson News

Here are the key news stories impacting Ferguson this week:

• Neutral Sentiment: Rebecca Ferguson (actor) confirms return window for Apple TV+ series “Silo” — entertainment press about the actress, not the company. Collider: Rebecca Ferguson on Silo
• Neutral Sentiment: Multiple outlets report Rebecca Ferguson discussing “Silo” Season 3 and Dune: Part 3 details — actor/entertainment coverage, unrelated to Ferguson plc. AOL: Silo Season 3
• Neutral Sentiment: Rebecca Ferguson appears on late-night TV (Seth Meyers) — celebrity appearance, no corporate link. MSN: Seth Meyers & Rebecca Ferguson
• Neutral Sentiment: Celebrity coverage of Sarah Ferguson (Duchess of York) — various human-interest and controversy stories (public apologies, social ties, living arrangements). These are reputational/celebrity items with no corporate relevance. Yahoo: Sarah Ferguson and Epstein
• Neutral Sentiment: Stories comparing Meghan Markle to Sarah Ferguson and articles about Priscilla Presley and Sarah Ferguson — entertainment/viral coverage, not company news. MSN: Meghan Markle comparison
• Neutral Sentiment: Reports on Sarah Ferguson’s personal comments about other celebrities and alleged tensions with the royal family — tabloid/celebrity reporting, no corporate implications. MSN: Sarah Ferguson on Lisa Marie Presley
• Neutral Sentiment: Sports feature on Brighton’s Evan Ferguson (soccer) — player/club coverage, not related to Ferguson plc’s business. NYT: Evan Ferguson feature

Ferguson Company Profile

Ferguson (NYSE: FERG) is a multinational distributor specializing in plumbing and heating products and related building supplies, serving professional contractors, builders and industrial customers. The company supplies a broad range of products used in residential, commercial and infrastructure projects, including pipes and fittings, valves and controls, HVAC equipment, waterworks materials, plumbing fixtures, pumps and accessories, as well as complementary electrical and specialty product lines.

Ferguson operates a network of branches and distribution centers that provide inventory, logistics and value-added services to trade customers.