WINTON GROUP Ltd grew its position in shares of Ferguson plc (NYSE:FERG – Free Report) by 1,488.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,098 shares of the company’s stock after purchasing an additional 64,748 shares during the period. Ferguson comprises about 0.5% of WINTON GROUP Ltd’s holdings, making the stock its 24th largest holding. WINTON GROUP Ltd’s holdings in Ferguson were worth $15,383,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in FERG. Norges Bank bought a new stake in Ferguson during the fourth quarter worth about $498,005,000. Durable Capital Partners LP bought a new stake in shares of Ferguson in the 3rd quarter valued at about $244,561,000. Qube Research & Technologies Ltd lifted its stake in shares of Ferguson by 588.1% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,087,523 shares of the company’s stock valued at $244,236,000 after acquiring an additional 929,475 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Ferguson by 22.4% in the 3rd quarter. Wellington Management Group LLP now owns 3,734,911 shares of the company’s stock valued at $838,786,000 after acquiring an additional 682,666 shares during the last quarter. Finally, 59 North Capital Management LP lifted its stake in shares of Ferguson by 114.7% in the 3rd quarter. 59 North Capital Management LP now owns 1,255,137 shares of the company’s stock valued at $281,879,000 after acquiring an additional 670,473 shares during the last quarter. Institutional investors own 81.98% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. Citigroup reissued a “neutral” rating on shares of Ferguson in a research note on Wednesday, May 6th. Barclays upped their target price on Ferguson from $295.00 to $297.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Oppenheimer upped their target price on Ferguson from $255.00 to $280.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Jefferies Financial Group reiterated a “buy” rating and set a $300.00 target price on shares of Ferguson in a report on Tuesday, February 24th. Finally, Weiss Ratings downgraded Ferguson from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $273.64.
Ferguson Stock Performance
Shares of FERG opened at $229.14 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.78 and a debt-to-equity ratio of 0.68. The business’s 50 day moving average price is $241.02 and its 200-day moving average price is $241.33. Ferguson plc has a 52 week low of $207.64 and a 52 week high of $271.64. The stock has a market cap of $44.44 billion, a P/E ratio of 26.64, a P/E/G ratio of 1.63 and a beta of 1.15.
Ferguson (NYSE:FERG – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.14. The firm had revenue of $7.47 billion for the quarter. Ferguson had a return on equity of 38.81% and a net margin of 6.98%.The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.50 earnings per share. Equities research analysts anticipate that Ferguson plc will post 11.26 earnings per share for the current fiscal year.
Ferguson Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Friday, May 15th will be given a $0.89 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $3.56 annualized dividend and a yield of 1.6%. Ferguson’s dividend payout ratio is 41.40%.
Ferguson declared that its board has authorized a stock repurchase plan on Tuesday, May 5th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 3.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.
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.
Recommended Stories
- Five stocks we like better than Ferguson
- MarketBeat Week in Review – 06/01 – 06/05
- AI Server Earnings: Wall Street Sees One Clear Standout
- Navitas: NVIDIA’s AI Power Broker?
- A Lulu of a Miss Sends Lululemon to New Lows—Look Out Below
Want to see what other hedge funds are holding FERG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ferguson plc (NYSE:FERG – Free Report).
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.
