Shares of Ferguson plc (NYSE:FERG – Get Free Report) have been given an average recommendation of “Moderate Buy” by the eighteen analysts that are covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $285.57.
Several research analysts recently commented on the company. Zelman & Associates raised Ferguson from a “hold” rating to an “outperform” rating and set a $285.00 target price for the company in a research report on Friday, July 17th. Wells Fargo & Company boosted their price target on shares of Ferguson from $285.00 to $295.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Oppenheimer increased their price objective on shares of Ferguson from $280.00 to $288.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Barclays lifted their target price on shares of Ferguson from $297.00 to $313.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Finally, UBS Group increased their target price on Ferguson from $252.00 to $256.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th.
Read Our Latest Stock Report on Ferguson
Key Ferguson News
- Neutral Sentiment: Several articles concern NFL players Jake Ferguson, Terrance Ferguson and other football news. These individuals are unrelated to Ferguson plc, the plumbing and heating products distributor, and should have no meaningful effect on FERG. Ferguson blocks a lot against Texans Rams put TE Terrance Ferguson on injured reserve
- Neutral Sentiment: Celebrity and lifestyle stories involving Jake Ferguson’s wedding, health comments and a motivational quote also refer to unrelated people rather than the publicly traded company. Haley Cavinder marriage article Ferguson health article Ferguson motivational article
- Neutral Sentiment: Articles about Washington Gov. Ferguson’s proposed school cellphone restrictions are political news unrelated to Ferguson plc’s operations, earnings or outlook. Ferguson cellphone ban proposal Gov. Ferguson unveils cellphone policy
Insider Buying and Selling at Ferguson
In other news, insider Jake Schlicher sold 5,177 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $230.92, for a total value of $1,195,472.84. Following the sale, the insider owned 9,490 shares of the company’s stock, valued at approximately $2,191,430.80. This represents a 35.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.15% of the company’s stock.
Hedge Funds Weigh In On Ferguson
Several institutional investors have recently added to or reduced their stakes in the company. CX Institutional grew its stake in Ferguson by 12,555.9% during the third quarter. CX Institutional now owns 36,449 shares of the company’s stock worth $8,114,000 after buying an additional 36,161 shares during the last quarter. QRG Capital Management Inc. raised its stake in shares of Ferguson by 10.6% in the second quarter. QRG Capital Management Inc. now owns 31,697 shares of the company’s stock valued at $7,523,000 after acquiring an additional 3,047 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Ferguson by 9.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,096 shares of the company’s stock worth $1,447,000 after acquiring an additional 524 shares in the last quarter. State Street Corp boosted its holdings in shares of Ferguson by 1.1% in the 2nd quarter. State Street Corp now owns 4,619,995 shares of the company’s stock worth $1,100,474,000 after acquiring an additional 48,544 shares in the last quarter. Finally, Tidal Investments LLC increased its stake in shares of Ferguson by 3.3% in the second quarter. Tidal Investments LLC now owns 15,752 shares of the company’s stock valued at $3,738,000 after buying an additional 502 shares in the last quarter. 81.98% of the stock is owned by institutional investors.
Ferguson Trading Down 0.0%
NYSE:FERG opened at $223.32 on Friday. Ferguson has a 12 month low of $212.13 and a 12 month high of $271.64. The firm has a market cap of $43.20 billion, a price-to-earnings ratio of 26.24, a P/E/G ratio of 1.55 and a beta of 1.14. The company has a quick ratio of 0.93, a current ratio of 1.73 and a debt-to-equity ratio of 0.72. The company’s 50 day moving average is $232.06 and its 200-day moving average is $234.65.
Ferguson (NYSE:FERG – Get Free Report) last released its quarterly earnings results 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. The company had revenue of $8.75 billion during the quarter. Ferguson had a net margin of 6.82% and a return on equity of 37.24%. Equities analysts anticipate that Ferguson will post 11.42 EPS for the current year.
Ferguson Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Friday, August 21st will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, August 21st. Ferguson’s payout ratio is currently 41.83%.
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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