Ferguson plc (NASDAQ:FERG) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. reduced its position in Ferguson plc (NASDAQ:FERG) by 24.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,977 shares of the company’s stock after selling 989 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Ferguson were worth $575,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. acquired a new stake in shares of Ferguson in the fourth quarter valued at about $25,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Ferguson in the 4th quarter valued at about $29,000. CVA Family Office LLC purchased a new position in Ferguson in the 4th quarter worth approximately $31,000. Private Trust Co. NA lifted its stake in Ferguson by 146.1% in the 4th quarter. Private Trust Co. NA now owns 187 shares of the company’s stock worth $36,000 after purchasing an additional 111 shares in the last quarter. Finally, Avalon Trust Co acquired a new position in shares of Ferguson during the 4th quarter worth approximately $50,000. Hedge funds and other institutional investors own 81.98% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on FERG shares. Royal Bank of Canada cut their price target on Ferguson from $217.00 to $211.00 and set an “outperform” rating for the company in a report on Wednesday, June 5th. Barclays reduced their price target on Ferguson from $236.00 to $232.00 and set an “overweight” rating on the stock in a report on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Ferguson presently has a consensus rating of “Moderate Buy” and an average price target of $221.50.

Ferguson Trading Down 0.3 %

FERG opened at $195.86 on Friday. The stock has a market capitalization of $39.55 billion, a PE ratio of 21.41, a P/E/G ratio of 8.20 and a beta of 1.23. Ferguson plc has a one year low of $147.62 and a one year high of $224.86. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.94 and a current ratio of 1.68. The business’s 50 day moving average price is $209.21 and its 200 day moving average price is $202.48.

Ferguson (NASDAQ:FERG) last announced its quarterly earnings results on Tuesday, June 4th. The company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.27 by $0.05. The business had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.32 billion. Ferguson had a return on equity of 36.89% and a net margin of 6.33%. The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.20 EPS. As a group, equities research analysts expect that Ferguson plc will post 9.66 EPS for the current year.

Ferguson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 14th will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Friday, June 14th. Ferguson’s dividend payout ratio (DPR) is presently 34.54%.

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.