2 weeks Ago By ABMN Staff
Ferguson ( NASDAQ:FERG – Free Report ) had its price target reduced by Barclays from $211.00 to $190.00 in a research note issued to investors on Wednesday, Benzinga reports.
They currently have an overweight rating on the stock. Several other research firms have also commented on FERG. Oppenheimer reduced their price target on Ferguson from $234.
00 to $189.00 and set an “outperform” rating on the stock in a report on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and set a $219.
00 price target on shares of Ferguson in a report on Wednesday, December 11th. UBS Group reiterated a “neutral” rating and set a $193.00 price target (down previously from $230.
00) on shares of Ferguson in a report on Wednesday, January 8th. Zelman & Associates lowered Ferguson from a “strong-buy” rating to a “hold” rating in a report on Friday, January 17th. Finally, Robert W.
Baird set a $190.00 price target on Ferguson and gave the stock an “outperform” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock.
According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $201.64.
Read Our Latest Report on Ferguson Ferguson Trading Up 3.1 % Ferguson ( NASDAQ:FERG – Get Free Report ) last announced its earnings results on Tuesday, March 11th. The company reported $1.
52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.06).
Ferguson had a return on equity of 34.63% and a net margin of 5.68%.
The business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.76 billion.
During the same period last year, the firm earned $1.74 EPS. The company’s revenue for the quarter was up 3.
0% compared to the same quarter last year. Research analysts forecast that Ferguson will post 9.4 earnings per share for the current fiscal year.
Ferguson Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 6th. Investors of record on Friday, March 21st will be issued a $0.83 dividend.
The ex-dividend date is Friday, March 21st. This represents a $3.32 annualized dividend and a yield of 2.
08%. Ferguson’s dividend payout ratio (DPR) is currently 39.86%.
Institutional Trading of Ferguson Several institutional investors and hedge funds have recently bought and sold shares of FERG. Farther Finance Advisors LLC raised its holdings in Ferguson by 33.8% in the 3rd quarter.
Farther Finance Advisors LLC now owns 364 shares of the company’s stock valued at $72,000 after buying an additional 92 shares during the period. Principal Financial Group Inc. grew its position in Ferguson by 32.
5% in the 3rd quarter. Principal Financial Group Inc. now owns 32,025 shares of the company’s stock valued at $6,359,000 after acquiring an additional 7,862 shares in the last quarter.
Ashton Thomas Securities LLC acquired a new position in Ferguson in the 3rd quarter valued at about $40,000. Sumitomo Mitsui Trust Group Inc. grew its position in Ferguson by 14.
0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 491,033 shares of the company’s stock valued at $97,504,000 after acquiring an additional 60,282 shares in the last quarter.
Finally, Victory Capital Management Inc. grew its position in Ferguson by 47.4% in the 3rd quarter.
Victory Capital Management Inc. now owns 245,014 shares of the company’s stock valued at $48,652,000 after acquiring an additional 78,775 shares in the last quarter. 81.
98% of the stock is currently owned by hedge funds and other institutional investors. About Ferguson ( Get Free Report ) 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. See Also Receive News & Ratings for Ferguson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferguson and related companies with MarketBeat.com's FREE daily email newsletter .
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