Yousif Capital Management LLC Has $1.09 Million Holdings in Ferguson plc (NASDAQ:FERG)

Yousif Capital Management LLC lifted its position in Ferguson plc (NASDAQ:FERG) by 2.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,651 shares of the company’s stock after acquiring an additional 124 shares during the quarter. Yousif Capital Management LLC’s holdings in Ferguson were worth $1,091,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cumberland Partners Ltd grew its holdings in shares of Ferguson by 16.2% during the fourth quarter. Cumberland Partners Ltd now owns 27,765 shares of the company’s stock valued at $5,361,000 after buying an additional 3,865 shares in the last quarter. GAMMA Investing LLC purchased a new position in Ferguson during the 4th quarter valued at about $341,000. Jennison Associates LLC acquired a new position in shares of Ferguson in the 4th quarter valued at about $53,192,000. OLD National Bancorp IN purchased a new stake in shares of Ferguson in the fourth quarter worth approximately $209,000. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Ferguson by 102.0% during the fourth quarter. Handelsbanken Fonder AB now owns 77,767 shares of the company’s stock worth $15,014,000 after purchasing an additional 39,267 shares during the period. 81.98% of the stock is currently owned by hedge funds and other institutional investors.

Ferguson Trading Up 1.8 %

NASDAQ:FERG opened at $217.17 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.97 and a current ratio of 1.80. The company has a market capitalization of $44.04 billion, a P/E ratio of 23.20, a P/E/G ratio of 9.07 and a beta of 1.27. The stock’s 50 day moving average price is $213.09 and its 200 day moving average price is $191.02. Ferguson plc has a 52 week low of $137.12 and a 52 week high of $224.86.

Ferguson (NASDAQ:FERG) last released its quarterly earnings results on Tuesday, March 5th. The company reported $1.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.08). The business had revenue of $6.67 billion for the quarter, compared to the consensus estimate of $6.72 billion. Ferguson had a net margin of 6.00% and a return on equity of 37.99%. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.91 EPS. On average, research analysts forecast that Ferguson plc will post 9.66 EPS for the current fiscal year.

Ferguson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.79 per share. The ex-dividend date is Thursday, March 14th. This represents a $3.16 annualized dividend and a dividend yield of 1.46%. Ferguson’s dividend payout ratio (DPR) is presently 36.74%.

Analysts Set New Price Targets

Separately, Raymond James downgraded shares of Ferguson from an “outperform” rating to a “market perform” rating in a research report on Monday, January 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $166.50.

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.