Brentview Investment Management LLC bought a new position in Ferguson plc (NASDAQ:FERG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 24,515 shares of the company's stock, valued at approximately $4,255,000. Ferguson comprises 2.4% of Brentview Investment Management LLC's investment portfolio, making the stock its 16th largest position.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Asset Dedication LLC bought a new stake in Ferguson in the third quarter valued at $27,000. True Wealth Design LLC increased its position in Ferguson by 1,350.0% during the 3rd quarter. True Wealth Design LLC now owns 145 shares of the company's stock valued at $29,000 after purchasing an additional 135 shares during the period. Berbice Capital Management LLC purchased a new position in Ferguson during the 4th quarter valued at $35,000. Capital Performance Advisors LLP purchased a new position in Ferguson during the 3rd quarter valued at $37,000. Finally, Peterson Financial Group Inc. purchased a new position in Ferguson during the 3rd quarter valued at $39,000. Institutional investors own 81.98% of the company's stock.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. Berenberg Bank boosted their price objective on shares of Ferguson from $224.00 to $240.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Oppenheimer assumed coverage on shares of Ferguson in a research report on Wednesday, October 23rd. They set an "outperform" rating and a $234.00 price objective on the stock. Citigroup reduced their price objective on shares of Ferguson from $221.00 to $189.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. UBS Group restated a "neutral" rating and set a $193.00 target price (down previously from $230.00) on shares of Ferguson in a report on Wednesday, January 8th. Finally, Bank of America upgraded shares of Ferguson from an "underperform" rating to a "buy" rating and boosted their target price for the company from $185.00 to $225.00 in a report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $220.10.
Check Out Our Latest Research Report on Ferguson
Ferguson Price Performance
FERG opened at $181.21 on Monday. Ferguson plc has a 52-week low of $167.27 and a 52-week high of $225.63. The stock has a market capitalization of $36.23 billion, a P/E ratio of 19.08, a P/E/G ratio of 1.71 and a beta of 1.24. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.91 and a current ratio of 1.68. The company's 50-day simple moving average is $187.04 and its two-hundred day simple moving average is $197.06.
Ferguson Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Stockholders of record on Friday, December 20th will be given a dividend of $0.83 per share. The ex-dividend date is Friday, December 20th. This represents a $3.32 annualized dividend and a dividend yield of 1.83%. This is a positive change from Ferguson's previous quarterly dividend of $0.79. Ferguson's dividend payout ratio is presently 39.86%.
Ferguson Company Profile
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Free Report)
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.
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