Ferguson plc (NASDAQ:FERG) Shares Bought by Cwm LLC

Cwm LLC lifted its position in shares of Ferguson plc (NASDAQ:FERG) by 27.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 758 shares of the company’s stock after purchasing an additional 161 shares during the quarter. Cwm LLC’s holdings in Ferguson were worth $146,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FERG. Cambridge Investment Research Advisors Inc. increased its holdings in Ferguson by 10.0% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 1,645 shares of the company’s stock valued at $271,000 after buying an additional 149 shares in the last quarter. Xponance Inc. grew its position in shares of Ferguson by 1.9% during the 3rd quarter. Xponance Inc. now owns 8,640 shares of the company’s stock valued at $1,421,000 after acquiring an additional 158 shares during the period. Raymond James & Associates increased its stake in shares of Ferguson by 11.7% in the 3rd quarter. Raymond James & Associates now owns 193,465 shares of the company’s stock valued at $31,819,000 after purchasing an additional 20,268 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Ferguson by 144.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 4,382 shares of the company’s stock valued at $721,000 after purchasing an additional 2,586 shares in the last quarter. Finally, Lindbrook Capital LLC raised its holdings in Ferguson by 150.0% in the 3rd quarter. Lindbrook Capital LLC now owns 320 shares of the company’s stock worth $53,000 after purchasing an additional 192 shares during the period. 81.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Raymond James cut 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 assigned a buy rating to the stock. According to data from MarketBeat, Ferguson currently has an average rating of “Moderate Buy” and a consensus target price of $166.50.

Ferguson Trading Up 1.8 %

Shares of FERG opened at $217.17 on Monday. Ferguson plc has a 52-week low of $137.12 and a 52-week high of $224.86. The stock has a market cap of $44.04 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 9.07 and a beta of 1.27. The firm’s fifty day moving average is $213.09 and its two-hundred day moving average is $191.40. The company has a quick ratio of 0.97, a current ratio of 1.80 and a debt-to-equity ratio of 0.66.

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

Ferguson Announces Dividend

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

Ferguson Company Profile

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.