Westfield Capital Management Co. LP Purchases 5,900 Shares of Ferguson plc (NASDAQ:FERG)

Westfield Capital Management Co. LP lifted its stake in Ferguson plc (NASDAQ:FERG) by 27.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,058 shares of the company’s stock after acquiring an additional 5,900 shares during the period. Westfield Capital Management Co. LP’s holdings in Ferguson were worth $5,224,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. bought a new position in shares of Ferguson in the 4th quarter worth $29,000. CVA Family Office LLC bought a new position in shares of Ferguson in the 4th quarter worth $31,000. Private Trust Co. NA raised its position in shares of 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 acquiring an additional 111 shares in the last quarter. Avalon Trust Co bought a new position in shares of Ferguson in the 4th quarter worth $50,000. Finally, Milestone Investment Advisors LLC bought a new position in shares of Ferguson in the 3rd quarter worth $47,000. 81.98% of the stock is owned by institutional investors.

Ferguson Stock Up 0.4 %

Shares of FERG traded up $0.85 during trading hours on Friday, hitting $208.28. The company had a trading volume of 633,668 shares, compared to its average volume of 852,216. The company has a market capitalization of $42.24 billion, a PE ratio of 24.22, a price-to-earnings-growth ratio of 8.73 and a beta of 1.27. The company has a current ratio of 1.80, a quick ratio of 0.97 and a debt-to-equity ratio of 0.66. Ferguson plc has a one year low of $143.39 and a one year high of $224.86. The company’s fifty day moving average price is $215.73 and its two-hundred day moving average price is $197.59.

Ferguson (NASDAQ:FERG) last announced its earnings results on Tuesday, March 5th. The company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.08). Ferguson had a return on equity of 37.99% and a net margin of 6.00%. The business had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.72 billion. During the same quarter last year, the firm earned $1.91 earnings per share. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. As a group, equities analysts forecast that Ferguson plc will post 9.64 earnings per share for the current fiscal year.

Ferguson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 7th. Investors of record on Friday, March 15th were paid a dividend of $0.79 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.16 annualized dividend and a yield of 1.52%. Ferguson’s dividend payout ratio (DPR) is 36.74%.

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.