Ferguson plc (NASDAQ:FERG) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC lowered its position in shares of Ferguson plc (NASDAQ:FERG) by 10.1% in the second quarter, HoldingsChannel.com reports. The fund owned 13,300 shares of the company’s stock after selling 1,500 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Ferguson were worth $2,092,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its position in Ferguson by 25.4% during the 2nd quarter. First Horizon Advisors Inc. now owns 311 shares of the company’s stock worth $49,000 after acquiring an additional 63 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of Ferguson by 12.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 752 shares of the company’s stock valued at $94,000 after buying an additional 83 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of Ferguson by 90.7% in the 2nd quarter. Exchange Traded Concepts LLC now owns 204 shares of the company’s stock valued at $32,000 after buying an additional 97 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in shares of Ferguson by 1.7% in the 1st quarter. CIBC Private Wealth Group LLC now owns 5,833 shares of the company’s stock valued at $780,000 after buying an additional 100 shares during the period. Finally, US Bancorp DE lifted its holdings in shares of Ferguson by 1.1% in the 2nd quarter. US Bancorp DE now owns 8,976 shares of the company’s stock valued at $1,412,000 after buying an additional 102 shares during the period.

Ferguson Price Performance

Shares of Ferguson stock opened at $166.48 on Friday. Ferguson plc has a twelve month low of $111.85 and a twelve month high of $171.06. The business has a 50-day moving average price of $158.56 and a 200 day moving average price of $155.26. The company has a quick ratio of 0.95, a current ratio of 1.67 and a debt-to-equity ratio of 0.74. The firm has a market cap of $33.96 billion, a PE ratio of 18.25, a P/E/G ratio of 13.41 and a beta of 1.15.

Ferguson (NASDAQ:FERG) last posted its quarterly earnings data on Tuesday, September 26th. The company reported $2.77 EPS for the quarter, topping the consensus estimate of $2.44 by $0.33. Ferguson had a return on equity of 41.58% and a net margin of 6.35%. The company had revenue of $7.84 billion during the quarter, compared to analyst estimates of $7.56 billion. During the same period in the previous year, the business earned $2.85 EPS. Ferguson’s quarterly revenue was down 1.7% on a year-over-year basis. Sell-side analysts predict that Ferguson plc will post 9.69 earnings per share for the current fiscal year.

Ferguson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Friday, October 6th were given a $0.75 dividend. The ex-dividend date was Thursday, October 5th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.80%. Ferguson’s dividend payout ratio (DPR) is presently 32.89%.

Insider Activity

In other news, insider William T. Thees, Jr. sold 204 shares of the company’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $164.94, for a total value of $33,647.76. Following the completion of the sale, the insider now directly owns 25,428 shares in the company, valued at $4,194,094.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Ferguson news, insider William T. Thees, Jr. sold 204 shares of the company’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $164.94, for a total transaction of $33,647.76. Following the transaction, the insider now directly owns 25,428 shares in the company, valued at $4,194,094.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Richard Winckler sold 1,823 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $164.71, for a total value of $300,266.33. Following the transaction, the chief accounting officer now owns 1,064 shares in the company, valued at $175,251.44. The disclosure for this sale can be found here. Insiders sold 27,703 shares of company stock worth $4,563,008 over the last ninety days. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wells Fargo & Company assumed coverage on Ferguson in a report on Tuesday, October 17th. They issued an “equal weight” rating for the company. Bank of America cut Ferguson from a “neutral” rating to an “underperform” rating in a report on Tuesday, October 31st. Royal Bank of Canada reissued an “outperform” rating on shares of Ferguson in a report on Wednesday, October 4th. Finally, Raymond James assumed coverage on Ferguson in a research note on Friday, September 1st. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Ferguson presently has an average rating of “Moderate Buy” and an average target price of $4,142.63.

About Ferguson

Ferguson plc distributes plumbing and heating products in the United States and Canada. It offers plumbing and heating solutions to customers in the residential, commercial, civil/infrastructure, and industrial end markets. The company also provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, fabrication, and others, as well as heating, ventilation, and air conditioning products under the Ferguson brand name.