Teacher Retirement System of Texas lowered its position in Ferguson plc (NASDAQ:FERG - Free Report) by 97.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,878 shares of the company's stock after selling 71,155 shares during the quarter. Teacher Retirement System of Texas' holdings in Ferguson were worth $326,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Townsquare Capital LLC increased its stake in shares of Ferguson by 6.6% in the third quarter. Townsquare Capital LLC now owns 3,409 shares of the company's stock worth $677,000 after purchasing an additional 210 shares in the last quarter. Bridgewater Associates LP bought a new position in Ferguson in the 3rd quarter worth approximately $204,000. True Wealth Design LLC grew its stake in Ferguson by 1,350.0% in the 3rd quarter. True Wealth Design LLC now owns 145 shares of the company's stock valued at $29,000 after buying an additional 135 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Ferguson during the 3rd quarter valued at $483,000. Finally, Ascent Group LLC lifted its position in shares of Ferguson by 9.4% during the third quarter. Ascent Group LLC now owns 8,008 shares of the company's stock worth $1,590,000 after acquiring an additional 687 shares in the last quarter. Hedge funds and other institutional investors own 81.98% of the company's stock.
Ferguson Price Performance
NASDAQ FERG traded down $3.19 on Friday, reaching $155.22. 4,323,025 shares of the company's stock traded hands, compared to its average volume of 1,532,635. The stock has a market cap of $31.04 billion, a PE ratio of 18.63, a P/E/G ratio of 1.69 and a beta of 1.17. Ferguson plc has a 12 month low of $149.28 and a 12 month high of $225.63. The stock has a 50-day simple moving average of $171.69 and a 200 day simple moving average of $186.33. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 0.91.
Ferguson (NASDAQ:FERG - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported $1.52 EPS for the quarter, missing the consensus estimate of $1.58 by ($0.06). Ferguson had a net margin of 5.68% and a return on equity of 34.63%. The business had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.76 billion. During the same period in the prior year, the business posted $1.74 EPS. Ferguson's revenue for the quarter was up 3.0% on a year-over-year basis. As a group, research analysts predict that Ferguson plc will post 9.4 earnings per share for the current year.
Ferguson Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 6th. Investors of record on Friday, March 21st will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 2.14%. The ex-dividend date is Friday, March 21st. Ferguson's dividend payout ratio is presently 40.84%.
Analyst Ratings Changes
FERG has been the topic of a number of analyst reports. Barclays decreased their price objective on Ferguson from $211.00 to $190.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 12th. Wells Fargo & Company lowered their price target on shares of Ferguson from $205.00 to $180.00 and set an "overweight" rating on the stock in a report on Wednesday, March 12th. Royal Bank of Canada restated an "outperform" rating and issued a $189.00 price objective on shares of Ferguson in a research report on Tuesday, March 18th. Citigroup decreased their target price on shares of Ferguson from $189.00 to $168.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. cut their price target on shares of Ferguson from $205.00 to $190.00 and set an "overweight" rating for the company in a report on Wednesday, March 19th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $198.62.
Get Our Latest Report on Ferguson
Ferguson Profile
(
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.
Featured Articles
Before you consider Ferguson, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ferguson wasn't on the list.
While Ferguson currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
