Ferguson plc (NYSE:FERG – Get Free Report) COO William Thees, Jr. sold 3,510 shares of the business’s stock in a transaction on Monday, October 12th. The stock was sold at an average price of $220.00, for a total transaction of $772,200.00. Following the transaction, the chief operating officer owned 32,680 shares in the company, valued at approximately $7,189,600. The trade was a 9.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Ferguson Stock Performance
NYSE FERG traded up $0.09 during trading on Wednesday, reaching $222.95. 1,358,631 shares of the company’s stock were exchanged, compared to its average volume of 1,685,467. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.73 and a quick ratio of 0.93. The business has a 50 day moving average price of $229.67 and a 200-day moving average price of $234.51. The stock has a market capitalization of $43.13 billion, a P/E ratio of 26.20, a PEG ratio of 1.59 and a beta of 1.14. Ferguson plc has a fifty-two week low of $212.13 and a fifty-two week high of $271.64.
Ferguson (NYSE:FERG – Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported $3.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.16. Ferguson had a return on equity of 37.24% and a net margin of 6.82%. The company had revenue of $8.75 billion during the quarter. Sell-side analysts forecast that Ferguson plc will post 11.42 earnings per share for the current fiscal year.
Ferguson Announces Dividend
Institutional Trading of Ferguson
Several large investors have recently made changes to their positions in the company. Jupiter Topco LLC bought a new stake in shares of Ferguson during the second quarter valued at approximately $1,789,368,000. Janus Henderson Group PLC raised its holdings in shares of Ferguson by 2.1% in the first quarter. Janus Henderson Group PLC now owns 6,107,108 shares of the company’s stock valued at $1,424,075,000 after purchasing an additional 125,317 shares during the last quarter. State Street Corp lifted its position in shares of Ferguson by 1.1% during the 2nd quarter. State Street Corp now owns 4,619,995 shares of the company’s stock worth $1,100,474,000 after buying an additional 48,544 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in Ferguson by 9.2% during the first quarter. Pictet Asset Management Holding SA now owns 2,868,181 shares of the company’s stock worth $668,809,000 after acquiring an additional 240,666 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Ferguson by 0.8% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,055,351 shares of the company’s stock worth $487,796,000 after buying an additional 16,866 shares during the last quarter. 81.98% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts have weighed in on the stock. Melius Research started coverage on shares of Ferguson in a research note on Tuesday, October 6th. They issued a “hold” rating and a $252.00 price objective for the company. UBS Group lifted their target price on Ferguson from $252.00 to $256.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Wells Fargo & Company upped their price target on shares of Ferguson from $285.00 to $295.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. Robert W. Baird raised their price objective on shares of Ferguson from $285.00 to $288.00 and gave the company an “outperform” rating in a report on Tuesday, August 11th. Finally, Oppenheimer raised their target price on Ferguson from $280.00 to $288.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $283.07.
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Ferguson Company Profile
Ferguson plc (NYSE: FERG) is a North American distributor of plumbing and heating products, supplying professional customers across the residential, commercial, industrial and infrastructure markets. The company serves contractors, builders, remodelers, municipalities, industrial businesses and other trade professionals through branch locations, distribution centers and digital ordering platforms.
Its product offerings include plumbing supplies and fixtures, heating and cooling equipment, water and wastewater products, fire protection systems, waterworks materials, industrial piping and related maintenance, repair and operating supplies.
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