1 week Ago By Defense World Staff
Orion Portfolio Solutions LLC lessened its position in shares of Ferguson plc ( NASDAQ:FERG – Free Report ) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,719 shares of the company’s stock after selling 130 shares during the quarter.
Orion Portfolio Solutions LLC’s holdings in Ferguson were worth $820,000 at the end of the most recent quarter. Other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc.
grew its holdings in Ferguson by 32.5% during the 3rd quarter. Principal Financial Group Inc.
now owns 32,025 shares of the company’s stock worth $6,359,000 after acquiring an additional 7,862 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Ferguson by 7.
3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 778,737 shares of the company’s stock worth $135,247,000 after purchasing an additional 52,776 shares during the last quarter.
New York Life Investment Management LLC acquired a new stake in shares of Ferguson during the fourth quarter worth $587,000. Neo Ivy Capital Management bought a new stake in Ferguson in the third quarter valued at about $970,000. Finally, Clean Yield Group lifted its stake in Ferguson by 27.
1% in the fourth quarter. Clean Yield Group now owns 25,959 shares of the company’s stock valued at $4,506,000 after buying an additional 5,534 shares during the period. Institutional investors own 81.
98% of the company’s stock. Analysts Set New Price Targets A number of brokerages have recently commented on FERG. Berenberg Bank upped their price target on Ferguson from $224.
00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. UBS Group reaffirmed a “neutral” rating and issued a $193.
00 target price (down previously from $230.00) on shares of Ferguson in a research note on Wednesday, January 8th. Morgan Stanley initiated coverage on shares of Ferguson in a research report on Monday, February 3rd.
They set an “overweight” rating and a $204.00 price target on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $189.
00 price objective on shares of Ferguson in a research report on Tuesday, March 18th. Finally, Wells Fargo & Company decreased their target price on Ferguson from $205.00 to $180.
00 and set an “overweight” rating for the company in a research note on Wednesday, March 12th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.
com, the company has a consensus rating of “Moderate Buy” and an average target price of $198.62. Ferguson Stock Performance Shares of FERG stock opened at $155.
22 on Monday. Ferguson plc has a 12 month low of $149.28 and a 12 month high of $225.
63. The company’s fifty day simple moving average is $171.69 and its 200-day simple moving average is $186.
33. The firm has a market cap of $31.04 billion, a PE ratio of 18.
63, a P/E/G ratio of 1.69 and a beta of 1.17.
The company has a quick ratio of 0.91, a current ratio of 1.68 and a debt-to-equity ratio of 0.
83. Ferguson ( NASDAQ:FERG – Get Free Report ) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $1.
52 EPS for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the company earned $1.74 earnings per share. The company’s quarterly revenue was up 3.
0% on a year-over-year basis. Equities research analysts expect that Ferguson plc will post 9.4 EPS for the current fiscal year.
Ferguson Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Friday, March 21st will be given a dividend of $0.83 per share.
This represents a $3.32 annualized dividend and a yield of 2.14%.
The ex-dividend date is Friday, March 21st. Ferguson’s dividend payout ratio (DPR) is currently 40.84%.
Ferguson Company Profile ( 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.
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