Ferguson (NYSE:FERG) Stock: Insider Robert Anthony Jr. Camposano Sells 201 Shares

Ferguson plc (NYSE:FERG – Get Free Report) VP Anthony Camposano sold 201 shares of Ferguson stock in a transaction that occurred on Wednesday, October 14th. The stock was sold at an average price of $220.63, for a total value of $44,346.63. Following the completion of the transaction, the vice president directly owned 10,686 shares in the company, valued at approximately $2,357,652.18. This represents a 1.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Robert Anthony Jr. Camposano also recently made the following trade(s):

  • On Thursday, October 15th, Anthony Camposano sold 185 shares of Ferguson stock. The shares were sold at an average price of $224.50, for a total value of $41,532.50.
  • On Monday, October 12th, Anthony Camposano sold 1,580 shares of Ferguson stock. The shares were sold at an average price of $218.74, for a total value of $345,609.20.

Ferguson Stock Performance

NYSE:FERG opened at $231.42 on Friday. The company has a market capitalization of $44.77 billion, a PE ratio of 27.19, a P/E/G ratio of 1.67 and a beta of 1.14. The company has a 50 day simple moving average of $228.04 and a two-hundred day simple moving average of $234.52. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.93 and a current ratio of 1.73. 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 results 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. The firm 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%. Research analysts anticipate that Ferguson plc will post 11.42 earnings per share for the current year.

Ferguson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Friday, August 21st were given a dividend of $0.89 per share. The ex-dividend date was Friday, August 21st. This represents a $3.56 annualized dividend and a dividend yield of 1.5%. Ferguson’s dividend payout ratio is 41.83%.

Key Stories Impacting Ferguson

Here are the key news stories impacting Ferguson this week:

  • Positive Sentiment: Ferguson’s most recent quarterly results exceeded expectations, with earnings per share of $3.39 versus the $3.23 consensus estimate. Analysts maintain a “Moderate Buy” consensus and an average price target of $285.78, well above recent trading levels, which may support investor confidence.
  • Positive Sentiment: The company continues to offer shareholder returns through its quarterly dividend, equivalent to $3.56 annually and a yield of approximately 1.6%. Ferguson also retains strong profitability, including a reported 37.24% return on equity.
  • Neutral Sentiment: Several Ferguson executives and insiders reported stock sales during the week, including COO William Thees Jr., VP Anthony Camposano, Ian Graham, Jake Schlicher, Allison Stirrup and Kevin Murphy. The reported transactions involved thousands of shares and several million dollars in aggregate proceeds. Ferguson insider trading report
  • Neutral Sentiment: All of the disclosed sales were executed under pre-arranged Rule 10b5-1 trading plans. That reduces their significance as a signal that management expects Ferguson’s business or valuation to weaken, particularly because the sellers retained substantial positions.
  • Negative Sentiment: The concentration of insider selling could nevertheless create modest near-term pressure on sentiment and may limit the stock’s upside, especially with Ferguson trading below its 200-day moving average.

Hedge Funds Weigh In On Ferguson

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wedbush Securities Inc. boosted its holdings in shares of Ferguson by 4.3% during the 2nd quarter. Wedbush Securities Inc. now owns 1,197 shares of the company’s stock worth $284,000 after buying an additional 49 shares in the last quarter. L2 Asset Management LLC increased its stake in shares of Ferguson by 5.2% in the 2nd quarter. L2 Asset Management LLC now owns 1,109 shares of the company’s stock valued at $263,000 after acquiring an additional 55 shares in the last quarter. Cidel Asset Management Inc. increased its stake in shares of Ferguson by 3.8% in the 2nd quarter. Cidel Asset Management Inc. now owns 1,541 shares of the company’s stock valued at $366,000 after acquiring an additional 56 shares in the last quarter. Natural Investments LLC lifted its position in shares of Ferguson by 6.9% during the 2nd quarter. Natural Investments LLC now owns 944 shares of the company’s stock valued at $224,000 after acquiring an additional 61 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Ferguson by 26.1% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 300 shares of the company’s stock valued at $67,000 after acquiring an additional 62 shares during the period. 81.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FERG. Zelman & Associates raised shares of Ferguson from a “hold” rating to an “outperform” rating and set a $285.00 target price for the company in a research note on Friday, July 17th. Robert W. Baird upped their price target on shares of Ferguson from $285.00 to $288.00 and gave the company an “outperform” rating in a research report on Tuesday, August 11th. Oppenheimer increased their price target on Ferguson from $280.00 to $288.00 and gave the stock an “outperform” rating in a report on Tuesday, August 11th. UBS Group increased their price target on Ferguson from $252.00 to $256.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Finally, Sanford C. Bernstein lifted their price objective on Ferguson from $310.00 to $325.00 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, nine have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $285.78.

Check Out Our Latest Stock Report on Ferguson

About Ferguson

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Ferguson (NYSE:FERG)

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.