Natural Investments LLC Buys New Stake in Ferguson plc (NASDAQ:FERG)

Natural Investments LLC bought a new stake in shares of Ferguson plc (NASDAQ:FERG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,399 shares of the company's stock, valued at approximately $937,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. True Wealth Design LLC increased its stake in Ferguson by 1,350.0% during the 3rd quarter. True Wealth Design LLC now owns 145 shares of the company's stock worth $29,000 after buying an additional 135 shares during the period. Manchester Capital Management LLC increased its stake in Ferguson by 906.7% during the 4th quarter. Manchester Capital Management LLC now owns 151 shares of the company's stock worth $26,000 after buying an additional 136 shares during the period. Peterson Financial Group Inc. purchased a new stake in Ferguson during the 3rd quarter worth $39,000. Ashton Thomas Securities LLC purchased a new stake in Ferguson during the 3rd quarter worth $40,000. Finally, Berbice Capital Management LLC bought a new stake in shares of Ferguson in the 4th quarter worth about $35,000. Institutional investors and hedge funds own 81.98% of the company's stock.

Ferguson Price Performance

NASDAQ FERG opened at $157.54 on Wednesday. Ferguson plc has a 52 week low of $154.09 and a 52 week high of $225.63. The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. The stock has a market cap of $31.50 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 1.69 and a beta of 1.28. The company has a 50-day moving average price of $176.90 and a two-hundred day moving average price of $191.11.

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Ferguson (NASDAQ:FERG - Get Free Report) last posted 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 return on equity of 34.63% and a net margin of 5.68%. The firm had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.76 billion. During the same quarter last year, the company posted $1.74 EPS. Ferguson's revenue for the quarter was up 3.0% on a year-over-year basis. Analysts forecast that Ferguson plc will post 9.4 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FERG shares. Robert W. Baird cut their target price on shares of Ferguson from $230.00 to $225.00 and set an "outperform" rating on the stock in a research note on Wednesday, December 11th. Barclays cut their target price on shares of Ferguson from $234.00 to $211.00 and set an "overweight" rating on the stock in a research note on Thursday, January 16th. Citigroup cut their target price on shares of Ferguson from $221.00 to $189.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. UBS Group restated a "neutral" rating and issued a $193.00 target price (down previously from $230.00) on shares of Ferguson in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $219.00 price objective on shares of Ferguson in a research note on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $217.73.

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.

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