15,342 Ferguson plc $FERG Shares Bought by Yousif Capital Management LLC

Yousif Capital Management LLC lifted its position in shares of Ferguson plc (NYSE:FERG – Free Report) by 383.9% during the 3rd quarter, Holdings Channel reports. The firm owned 19,338 shares of the company’s stock after purchasing an additional 15,342 shares during the quarter. Yousif Capital Management LLC’s holdings in Ferguson were worth $4,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Brookstone Capital Management raised its holdings in shares of Ferguson by 35.1% in the 3rd quarter. Brookstone Capital Management now owns 1,645 shares of the company’s stock valued at $366,000 after purchasing an additional 427 shares during the period. Isthmus Partners LLC grew its holdings in Ferguson by 36.1% during the third quarter. Isthmus Partners LLC now owns 1,698 shares of the company’s stock worth $378,000 after purchasing an additional 450 shares during the period. Kachkovsky & Fisher Inc. bought a new position in Ferguson during the third quarter worth about $338,000. Crossmark Global Holdings Inc. grew its holdings in Ferguson by 7.0% during the third quarter. Crossmark Global Holdings Inc. now owns 2,474 shares of the company’s stock worth $551,000 after purchasing an additional 161 shares during the period. Finally, Quadrant Capital Group LLC increased its position in Ferguson by 6.0% during the third quarter. Quadrant Capital Group LLC now owns 2,797 shares of the company’s stock worth $623,000 after buying an additional 159 shares during the last quarter. 81.98% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Jake Schlicher sold 5,177 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $230.92, for a total transaction of $1,195,472.84. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ian Graham sold 1,854 shares of the firm’s stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $218.74, for a total transaction of $405,543.96. Following the transaction, the insider directly owned 11,511 shares in the company, valued at $2,517,916.14. This represents a 13.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 38,808 shares of company stock worth $8,571,587. Insiders own 0.15% of the company’s stock.

Ferguson Stock Up 1.2%

FERG stock opened at $229.56 on Tuesday. Ferguson plc has a fifty-two week low of $212.13 and a fifty-two week high of $271.64. 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 stock has a market capitalization of $44.41 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 1.64 and a beta of 1.14. The business’s fifty day moving average price is $226.00 and its two-hundred day moving average price is $237.26.

Ferguson (NYSE:FERG – Get Free Report) last announced its 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. Ferguson had a net margin of 6.82% and a return on equity of 37.24%. The company had revenue of $8.75 billion during the quarter. On average, equities analysts anticipate that Ferguson plc will post 11.42 earnings per share for the current year.

Ferguson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 7th. Shareholders of record on Friday, August 21st were issued a $0.89 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a $3.56 dividend on an annualized basis and a yield of 1.6%. Ferguson’s payout ratio is currently 41.83%.

Wall Street Analyst Weigh In

Several research firms have issued reports on FERG. Wolfe Research began coverage on Ferguson in a research note on Tuesday, September 15th. They issued a “peer perform” rating on the stock. Robert W. Baird lifted their target price on Ferguson from $285.00 to $288.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft reduced their target price on Ferguson from $261.00 to $235.00 in a research note on Thursday, October 8th. Zelman & Associates raised Ferguson from a “hold” rating to an “outperform” rating and set a $285.00 target price on the stock in a report on Friday, July 17th. Finally, Citigroup increased their price target on Ferguson from $275.00 to $285.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Ferguson presently has an average rating of “Moderate Buy” and a consensus price target of $287.28.

Get Our Latest Analysis on Ferguson

Ferguson Profile

(Free Report)

Ferguson plc (NYSE: FERG) is a value-added distributor of plumbing, heating, ventilation and air conditioning (HVAC), waterworks, fire protection and other building and industrial products. The company serves professional contractors, municipalities, commercial and industrial businesses, and other customers through a network of branches, distribution centers, showrooms and digital platforms.

Its product offering includes pipes, valves, fittings, plumbing fixtures, water and wastewater infrastructure products, HVAC equipment, fire protection systems, industrial supplies and related tools and services.

See Also

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).

Institutional Ownership by Quarter for Ferguson (NYSE:FERG)

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