Retireful LLC Buys New Shares in Ferguson plc (NASDAQ:FERG)

Retireful LLC bought a new stake in Ferguson plc (NASDAQ:FERG - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,667 shares of the company's stock, valued at approximately $530,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Asset Dedication LLC acquired a new position in shares of Ferguson during the 3rd quarter worth approximately $27,000. EdgeRock Capital LLC acquired a new position in shares of Ferguson during the 2nd quarter worth approximately $32,000. Capital Performance Advisors LLP acquired a new position in shares of Ferguson during the 3rd quarter worth approximately $37,000. Peterson Financial Group Inc. acquired a new position in shares of Ferguson during the 3rd quarter worth approximately $39,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Ferguson during the 3rd quarter worth approximately $40,000. Institutional investors and hedge funds own 81.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FERG. Barclays upped their price objective on Ferguson from $229.00 to $245.00 and gave the company an "overweight" rating in a report on Wednesday, September 18th. Citigroup raised their target price on shares of Ferguson from $203.00 to $221.00 and gave the company a "neutral" rating in a report on Wednesday, September 18th. UBS Group raised their target price on shares of Ferguson from $228.00 to $236.00 and gave the company a "buy" rating in a report on Wednesday, September 18th. Oppenheimer initiated coverage on shares of Ferguson in a report on Wednesday, October 23rd. They issued an "outperform" rating and a $234.00 target price on the stock. Finally, Wells Fargo & Company lifted their price target on shares of Ferguson from $225.00 to $232.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $233.38.

Ferguson Stock Up 0.4 %

Shares of Ferguson stock traded up $0.87 during trading on Wednesday, reaching $202.74. 1,078,608 shares of the company traded hands, compared to its average volume of 1,267,546. Ferguson plc has a 1-year low of $164.90 and a 1-year high of $225.63. The firm has a market capitalization of $40.70 billion, a PE ratio of 20.72, a P/E/G ratio of 1.95 and a beta of 1.20. The company has a 50 day moving average price of $199.91 and a 200-day moving average price of $202.89. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.80 and a quick ratio of 1.00.

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

Ferguson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, September 27th were paid a dividend of $0.79 per share. The ex-dividend date was Friday, September 27th. This represents a $3.16 dividend on an annualized basis and a yield of 1.56%. Ferguson's dividend payout ratio (DPR) is currently 37.05%.

Insider Transactions at Ferguson

In other Ferguson news, VP Michael Jacobs sold 2,624 shares of the business's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $200.96, for a total transaction of $527,319.04. Following the sale, the vice president now owns 1,116 shares of the company's stock, valued at $224,271.36. The trade was a 70.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ian T. Graham sold 5,778 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $201.27, for a total value of $1,162,938.06. Following the sale, the insider now owns 5,938 shares in the company, valued at approximately $1,195,141.26. This represents a 49.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,313 shares of company stock worth $2,477,901 in the last 90 days. Insiders own 0.16% of the company's stock.

Ferguson 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.