Ferguson plc (NYSE:FERG – Get Free Report) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $213.67 and last traded at $214.3730, with a volume of 876666 shares traded. The stock had previously closed at $215.11.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on FERG shares. The Goldman Sachs Group cut Ferguson from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $315.00 to $265.00 in a research note on Monday, July 6th. Barclays raised their price objective on Ferguson from $297.00 to $313.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $261.00 target price on shares of Ferguson in a research report on Tuesday, August 18th. UBS Group increased their price target on Ferguson from $252.00 to $256.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Finally, Wells Fargo & Company raised their price target on Ferguson from $285.00 to $295.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $285.57.
Check Out Our Latest Stock Analysis on Ferguson
Ferguson Price Performance
Ferguson (NYSE:FERG – Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported $3.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.16. Ferguson had a net margin of 6.82% and a return on equity of 37.24%. The business had revenue of $8.75 billion during the quarter. As a group, analysts predict that Ferguson plc will post 11.42 earnings per share for the current fiscal year.
Ferguson Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Friday, August 21st will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, August 21st. Ferguson’s dividend payout ratio is presently 41.83%.
Insider Activity
In related news, insider Jake Schlicher sold 5,177 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $230.92, for a total transaction of $1,195,472.84. Following the completion of the sale, the insider directly owned 9,490 shares of the company’s stock, valued at approximately $2,191,430.80. This trade represents a 35.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.15% of the company’s stock.
Institutional Trading of Ferguson
Hedge funds and other institutional investors have recently bought and sold shares of the business. Raiffeisen Bank International AG lifted its position in Ferguson by 350,745.0% during the 4th quarter. Raiffeisen Bank International AG now owns 522,759 shares of the company’s stock worth $116,382,000 after acquiring an additional 522,610 shares during the period. Saudi Central Bank grew its stake in Ferguson by 88.5% during the 2nd quarter. Saudi Central Bank now owns 13,607 shares of the company’s stock valued at $3,229,000 after purchasing an additional 6,389 shares during the last quarter. Marsico Capital Management LLC acquired a new position in shares of Ferguson in the fourth quarter valued at about $11,017,000. Lmcg Investments LLC acquired a new position in shares of Ferguson in the first quarter valued at about $1,806,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Ferguson by 13.2% in the second quarter. Jones Financial Companies Lllp now owns 96,108 shares of the company’s stock worth $22,932,000 after purchasing an additional 11,196 shares during the last quarter. Hedge funds and other institutional investors own 81.98% of the company’s stock.
Ferguson Company Profile
Ferguson plc (NYSE: FERG) is a value-added distributor of plumbing and heating products, water and wastewater solutions, fire protection equipment, HVAC supplies, and related products. The company primarily serves professional contractors and other trade customers, helping them source products, obtain technical support, and manage projects through its distribution network and digital platforms.
Ferguson operates mainly in North America, with businesses serving residential and commercial construction, infrastructure, facilities maintenance, and industrial markets in the United States and Canada.
See Also
- Five stocks we like better than Ferguson
- 3 Luxury Consumer Brands to Watch in a Beaten-Down Sector
- Jackson’s Record Quarter Powers the Bull Case
- Holiday Shopping Is Almost Here—And Target May Be Ready to Win Big
- AI Panic Hit Tech Stocks—But NVIDIA’s Growth Engine Is Intact
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.
