Ferguson plc $FERG Shares Acquired by Andra AP fonden

Andra AP fonden lifted its holdings in shares of Ferguson plc (NYSE:FERG) by 240.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,000 shares of the company’s stock after acquiring an additional 33,900 shares during the period. Andra AP fonden’s holdings in Ferguson were worth $10,780,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. True Wealth Design LLC grew its position in Ferguson by 145.3% during the 2nd quarter. True Wealth Design LLC now owns 130 shares of the company’s stock worth $28,000 after purchasing an additional 77 shares during the last quarter. Cornerstone Planning Group LLC boosted its stake in shares of Ferguson by 178.3% during the third 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. Quent Capital LLC purchased a new position in shares of Ferguson during the third quarter worth about $43,000. AdvisorShares Investments LLC purchased a new position in shares of Ferguson during the second quarter worth about $58,000. Finally, First Horizon Advisors Inc. increased its position in Ferguson by 81.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 303 shares of the company’s stock valued at $66,000 after acquiring an additional 136 shares during the period. Hedge funds and other institutional investors own 81.98% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on FERG. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ferguson in a research report on Thursday, January 22nd. Wall Street Zen cut Ferguson from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Jefferies Financial Group reiterated a “buy” rating and issued a $300.00 price objective on shares of Ferguson in a research report on Tuesday. Wells Fargo & Company boosted their price objective on shares of Ferguson from $280.00 to $285.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Barclays raised their target price on shares of Ferguson from $278.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $262.62.

Ferguson Stock Down 1.6%

FERG stock opened at $260.62 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. The company’s 50-day moving average price is $247.14 and its 200 day moving average price is $240.04. Ferguson plc has a 52 week low of $146.00 and a 52 week high of $271.64. The company has a market cap of $50.96 billion, a P/E ratio of 26.33, a P/E/G ratio of 2.16 and a beta of 1.18.

Ferguson (NYSE:FERG) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $1.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.25). Ferguson had a net margin of 6.28% and a return on equity of 35.73%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the company earned $1.52 EPS.

Ferguson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Friday, March 6th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, March 6th. Ferguson’s payout ratio is currently 35.96%.

Ferguson 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.