214 Shares in Ferguson plc (NASDAQ:FERG) Purchased by MCF Advisors LLC

MCF Advisors LLC bought a new stake in shares of Ferguson plc (NASDAQ:FERG) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 214 shares of the company’s stock, valued at approximately $47,000.

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FERG. Royal Bank of Canada reduced their target price on shares of Ferguson from $217.00 to $211.00 and set an “outperform” rating on the stock in a report on Wednesday, June 5th. Barclays decreased their target price on shares of Ferguson from $236.00 to $232.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $221.50.

Ferguson Stock Up 0.1 %

Shares of NASDAQ:FERG opened at $193.65 on Friday. Ferguson plc has a 12-month low of $147.62 and a 12-month high of $224.86. The stock’s 50-day moving average price is $207.31 and its two-hundred day moving average price is $203.14. The company has a current ratio of 1.68, a quick ratio of 0.94 and a debt-to-equity ratio of 0.64. The firm has a market cap of $39.11 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 8.08 and a beta of 1.23.

Ferguson (NASDAQ:FERG) last released its earnings results on Tuesday, June 4th. The company reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.05. The firm had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.32 billion. Ferguson had a net margin of 6.33% and a return on equity of 36.89%. Ferguson’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.20 earnings per share. On average, research analysts forecast that Ferguson plc will post 9.66 EPS for the current year.

Ferguson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 14th will be issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Friday, June 14th. Ferguson’s payout ratio is currently 34.54%.

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.