Ferguson plc (NYSE:FERG – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the twenty-one ratings firms that are currently covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $250.47.
Several brokerages recently issued reports on FERG. Vertical Research initiated coverage on Ferguson in a research note on Monday, October 20th. They issued a “buy” rating and a $291.99 price objective on the stock. Barclays dropped their price target on Ferguson from $273.00 to $267.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Wells Fargo & Company lifted their price objective on Ferguson from $275.00 to $280.00 and gave the company an “overweight” rating in a report on Thursday, December 4th. JPMorgan Chase & Co. upped their price objective on shares of Ferguson from $225.00 to $245.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Finally, Oppenheimer raised their target price on shares of Ferguson from $235.00 to $255.00 and gave the company an “outperform” rating in a research report on Wednesday, September 17th.
View Our Latest Stock Analysis on FERG
More Ferguson News
- Neutral Sentiment: Local chef Darnell “SuperChef” Ferguson sold out a pilot taping in Louisville — entertainment/local interest, unrelated to Ferguson plc. Louisville’s Darnell ‘SuperChef ‘ Ferguson sells out of tickets to new show pilot filming
- Neutral Sentiment: Actress Priah Ferguson publicly defended Winona Ryder amid social-media rumors — celebrity news, no corporate link to FERG. ‘Stranger Things’ star, Priah Ferguson, defends Winona Ryder amid TikTok rumours
- Neutral Sentiment: Local/transport report: “Ferguson” to discuss critical Highway 2 repairs with reopening possibly months away — infrastructure story tied to a person/place named Ferguson, not the company. Ferguson to discuss critical Highway 2 repairs, with full opening possibly months away
- Neutral Sentiment: Soccer/club rumor: stories about candidates to replace a manager named Ferguson at Roma and match coverage naming Evan Ferguson man-of-the-match — sports items, irrelevant to FERG. The two Roma main candidates to replace Ferguson in January Evan Ferguson named man of the match as Roma beat Genoa
- Neutral Sentiment: Political/budget reporting: stories about a politician named Ferguson submitting supplemental budgets and budget plans drawing criticism from health-care groups — state fiscal policy, not company-specific. Ferguson, GOP submit supplemental budgets Ferguson budget plan a patchwork WA health care groups raise alarm over Ferguson budget
- Neutral Sentiment: Entertainment/streaming: articles about Rebecca Ferguson’s sci‑fi show and Sarah Ferguson’s tell‑all book coverage — media/celebrity items not tied to the distributor FERG. Rebecca Ferguson’s 90% Sci-Fi Masterpiece Is in Danger of Being Forgotten Ahead of Season 3 Sarah Ferguson’s Tell-All Could Jeopardize ‘Family Ties’ — Source
- Neutral Sentiment: Local government request: a governor named Ferguson requested $11M for design of a new Spokane veterans home — a public project reference, not corporate news for Ferguson plc. Gov. Ferguson requests $11 million for design of new Spokane Veterans home
- Neutral Sentiment: Tabloid pieces about Sarah Ferguson’s personal life and book continue to circulate — celebrity/tabloid coverage, irrelevant to FERG investors. Sarah Ferguson Allegedly Warned Tell-All Book Would ‘Wreck What Is Left of Her Life’ ‘Disgraced’ Sarah Ferguson Allegedly ‘Needs Rich New Man’ to Fund Plastic Surgery Dreams This New Year
Insider Buying and Selling
In other news, insider Kevin Michael Murphy sold 8,800 shares of Ferguson stock in a transaction on Monday, October 13th. The stock was sold at an average price of $234.13, for a total value of $2,060,344.00. Following the transaction, the insider directly owned 159,931 shares in the company, valued at approximately $37,444,645.03. This trade represents a 5.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO William Brundage sold 3,000 shares of the business’s stock in a transaction on Monday, October 13th. The stock was sold at an average price of $233.32, for a total value of $699,960.00. Following the completion of the transaction, the chief financial officer directly owned 52,631 shares of the company’s stock, valued at approximately $12,279,864.92. The trade was a 5.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 29,264 shares of company stock valued at $6,853,349 over the last ninety days. Company insiders own 0.18% of the company’s stock.
Hedge Funds Weigh In On Ferguson
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AIA Group Ltd purchased a new stake in shares of Ferguson during the third quarter valued at about $1,739,000. Saranac Partners Ltd purchased a new position in shares of Ferguson in the 3rd quarter worth approximately $364,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Ferguson during the 3rd quarter worth approximately $28,000. Allworth Financial LP raised its stake in shares of Ferguson by 106.9% during the 3rd quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock worth $229,000 after acquiring an additional 528 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in Ferguson by 55.8% during the third quarter. IFP Advisors Inc now owns 201 shares of the company’s stock valued at $45,000 after acquiring an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 81.98% of the company’s stock.
Ferguson Trading Down 0.7%
Shares of FERG opened at $225.41 on Wednesday. The firm has a market capitalization of $44.08 billion, a price-to-earnings ratio of 22.77, a PEG ratio of 1.90 and a beta of 1.17. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.88 and a quick ratio of 1.01. Ferguson has a 1-year low of $146.00 and a 1-year high of $256.93. The company has a 50-day moving average of $240.44 and a 200 day moving average of $231.49.
Ferguson (NYSE:FERG – Get Free Report) last issued its earnings results on Tuesday, December 9th. The company reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.07. Ferguson had a net margin of 6.28% and a return on equity of 35.73%. The business had revenue of $8.17 billion for the quarter. During the same quarter in the prior year, the company earned $2.45 earnings per share. Ferguson’s revenue was up 5.1% on a year-over-year basis.
Ferguson Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, January 2nd will be paid a dividend of $0.89 per share. This is a boost from Ferguson’s previous quarterly dividend of $0.83. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, January 2nd. Ferguson’s payout ratio is 33.54%.
About Ferguson
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.
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