Ferguson plc $FERG Holdings Raised by Captrust Financial Advisors

Captrust Financial Advisors lifted its stake in Ferguson plc (NYSE:FERG) by 1.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 218,961 shares of the company’s stock after purchasing an additional 4,180 shares during the quarter. Captrust Financial Advisors owned 0.11% of Ferguson worth $49,174,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Cornerstone Planning Group LLC raised its holdings in Ferguson by 178.3% during the 3rd quarter. Cornerstone Planning Group LLC now owns 128 shares of the company’s stock worth $31,000 after buying an additional 82 shares during the period. Johnson Financial Group Inc. acquired a new position in shares of Ferguson in the third quarter worth about $34,000. Quent Capital LLC acquired a new position in shares of Ferguson in the third quarter worth about $43,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Ferguson in the third quarter worth approximately $45,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Ferguson by 21.7% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 292 shares of the company’s stock valued at $66,000 after acquiring an additional 52 shares during the period. Hedge funds and other institutional investors own 81.98% of the company’s stock.

Ferguson Stock Performance

FERG stock opened at $221.40 on Thursday. The firm has a 50 day simple moving average of $248.75 and a 200 day simple moving average of $240.23. Ferguson plc has a 52 week low of $146.00 and a 52 week high of $271.64. The stock has a market cap of $43.04 billion, a P/E ratio of 22.36, a P/E/G ratio of 1.83 and a beta of 1.17. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.88.

Ferguson (NYSE:FERG) last released its quarterly earnings data on Tuesday, February 24th. The company reported $1.99 earnings per share 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%. During the same quarter last year, the business posted $1.52 earnings per share. The business’s quarterly revenue was up 3.6% on a year-over-year basis.

Ferguson Dividend Announcement

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

Wall Street Analysts Forecast Growth

FERG has been the subject of several research analyst reports. Morgan Stanley restated an “overweight” rating on shares of Ferguson in a research report on Tuesday, January 6th. UBS Group lifted their price objective on shares of Ferguson from $220.00 to $252.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. Royal Bank Of Canada boosted their target price 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ferguson in a research report on Thursday, January 22nd. Finally, Oppenheimer lifted their price target on Ferguson from $255.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday, February 25th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Ferguson has a consensus rating of “Moderate Buy” and a consensus target price of $268.93.

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.