Point72 Asia Singapore Pte. Ltd. Purchases Shares of 2,431 Ferguson plc (NASDAQ:FERG)

Point72 Asia Singapore Pte. Ltd. bought a new position in Ferguson plc (NASDAQ:FERG - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,431 shares of the company's stock, valued at approximately $483,000.

A number of other hedge funds also recently bought and sold shares of FERG. Asset Dedication LLC acquired a new position in Ferguson in the third quarter worth about $27,000. True Wealth Design LLC boosted 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. EdgeRock Capital LLC bought a new stake in Ferguson in the second quarter valued at $32,000. Capital Performance Advisors LLP acquired a new stake in shares of Ferguson in the 3rd quarter valued at $37,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of Ferguson in the 3rd quarter worth about $39,000. 81.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FERG has been the topic of a number of recent research reports. Oppenheimer initiated coverage on shares of Ferguson in a research note on Wednesday, October 23rd. They issued an "outperform" rating and a $234.00 price objective on the stock. Wells Fargo & Company raised their target price on shares of Ferguson from $225.00 to $232.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. UBS Group lifted their price target on Ferguson from $228.00 to $236.00 and gave the company a "buy" rating in a research note on Wednesday, September 18th. Barclays lifted their price target on shares of Ferguson from $229.00 to $245.00 and gave the company an "overweight" rating in a research note on Wednesday, September 18th. Finally, Royal Bank of Canada raised their price objective on Ferguson from $211.00 to $219.00 and gave the company an "outperform" rating in a report on Wednesday, September 18th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Ferguson currently has a consensus rating of "Moderate Buy" and a consensus price target of $233.38.

Insider Activity at Ferguson

In related news, SVP Garland Williams sold 1,118 shares of Ferguson stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $201.22, for a total value of $224,963.96. Following the completion of the transaction, the senior vice president now owns 1,882 shares in the company, valued at approximately $378,696.04. This trade represents a 37.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Victoria Morrissey sold 1,468 shares of the company's stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $201.20, for a total transaction of $295,361.60. Following the transaction, the chief marketing officer now owns 5,205 shares in the company, valued at $1,047,246. The trade was a 22.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,313 shares of company stock worth $2,477,901 over the last ninety days. 0.16% of the stock is owned by corporate insiders.

Ferguson Trading Up 3.2 %

NASDAQ FERG traded up $6.90 during trading hours on Tuesday, hitting $221.00. 2,024,023 shares of the company's stock were exchanged, compared to its average volume of 1,273,971. The firm has a market cap of $44.36 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 2.08 and a beta of 1.21. The stock has a 50-day simple moving average of $202.24 and a 200 day simple moving average of $202.41. The company has a current ratio of 1.80, a quick ratio of 1.00 and a debt-to-equity ratio of 0.89. Ferguson plc has a 1-year low of $167.09 and a 1-year high of $225.63.

Ferguson (NASDAQ:FERG - Get Free Report) last issued its earnings results on Tuesday, September 17th. The company reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.12. Ferguson had a return on equity of 36.53% and a net margin of 5.85%. The firm had revenue of $7.95 billion for the quarter, compared to analyst estimates of $8.01 billion. During the same period in the previous year, the company posted $2.77 earnings per share. The business's revenue was up 1.4% on a year-over-year basis. On average, equities analysts forecast that Ferguson plc will post 9.77 EPS for the current fiscal year.

Ferguson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, September 27th were given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Friday, September 27th. Ferguson's payout ratio is 37.05%.

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.