Point72 Asia Singapore Pte. Ltd. Has $1.27 Million Stake in Ferguson plc (NASDAQ:FERG)

Point72 Asia Singapore Pte. Ltd. raised its stake in Ferguson plc (NASDAQ:FERG) by 200.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,309 shares of the company’s stock after buying an additional 4,878 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Ferguson were worth $1,269,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Ferguson by 7.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 778,737 shares of the company’s stock worth $135,247,000 after acquiring an additional 52,776 shares in the last quarter. New York Life Investment Management LLC bought a new position in shares of Ferguson in the 4th quarter valued at about $587,000. Markel Group Inc. grew its holdings in Ferguson by 25.4% during the fourth quarter. Markel Group Inc. now owns 106,000 shares of the company’s stock worth $18,398,000 after purchasing an additional 21,500 shares during the period. PFG Investments LLC bought a new position in shares of Ferguson during the 4th quarter worth approximately $467,000. Finally, Brentview Investment Management LLC acquired a new position in shares of Ferguson during the 4th quarter worth approximately $4,255,000. Institutional investors own 81.98% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on FERG. JPMorgan Chase & Co. cut their price target on Ferguson from $205.00 to $190.00 and set an “overweight” rating for the company in a report on Wednesday, March 19th. Barclays cut their target price on shares of Ferguson from $211.00 to $190.00 and set an “overweight” rating for the company in a research note on Wednesday, March 12th. Zelman & Associates lowered shares of Ferguson from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 17th. Wolfe Research assumed coverage on shares of Ferguson in a report on Monday, March 17th. They issued a “peer perform” rating on the stock. Finally, Oppenheimer decreased their target price on Ferguson from $234.00 to $189.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 12th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Ferguson presently has a consensus rating of “Moderate Buy” and an average price target of $199.38.

Ferguson Stock Down 0.9%

Shares of FERG opened at $175.33 on Thursday. The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. Ferguson plc has a 12 month low of $146.00 and a 12 month high of $225.63. The firm’s 50 day moving average is $164.27 and its 200-day moving average is $179.80. The stock has a market capitalization of $35.06 billion, a PE ratio of 21.05, a P/E/G ratio of 1.69 and a beta of 1.14.

Ferguson (NASDAQ:FERG) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.06). The company had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.76 billion. Ferguson had a return on equity of 34.63% and a net margin of 5.68%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.74 EPS. Equities research analysts forecast that Ferguson plc will post 9.4 EPS for the current year.

Ferguson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 6th. Stockholders of record on Friday, March 21st were issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Friday, March 21st. Ferguson’s dividend payout ratio (DPR) is currently 40.84%.

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.