Gotham Asset Management LLC Boosts Stake in Ferguson plc $FERG

Gotham Asset Management LLC increased its holdings in shares of Ferguson plc (NYSE:FERG) by 83.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 165,281 shares of the company’s stock after acquiring an additional 75,307 shares during the period. Gotham Asset Management LLC owned approximately 0.08% of Ferguson worth $37,119,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Ferguson by 23.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,262 shares of the company’s stock worth $2,445,000 after purchasing an additional 2,940 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of Ferguson in the first quarter valued at approximately $310,000. Focus Partners Wealth increased its position in shares of Ferguson by 22.7% in the first quarter. Focus Partners Wealth now owns 3,140 shares of the company’s stock valued at $503,000 after buying an additional 581 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Ferguson during the 2nd quarter worth approximately $257,000. Finally, AE Wealth Management LLC purchased a new position in shares of Ferguson during the 2nd quarter valued at approximately $300,000. Hedge funds and other institutional investors own 81.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FERG. Robert W. Baird lifted their price target on shares of Ferguson from $262.00 to $265.00 and gave the company an “outperform” rating in a research note on Wednesday, December 10th. Royal Bank Of Canada increased their price objective on shares of Ferguson from $247.00 to $271.00 and gave the company an “outperform” rating in a report on Tuesday, February 24th. Wall Street Zen lowered shares of Ferguson from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. UBS Group boosted their target price on shares of Ferguson from $220.00 to $252.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 25th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Ferguson in a research report on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Ferguson currently has an average rating of “Moderate Buy” and an average price target of $268.93.

Ferguson Stock Up 1.1%

NYSE FERG opened at $222.07 on Monday. The business has a fifty day moving average price of $248.85 and a 200 day moving average price of $240.47. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.88. The company has a market cap of $43.19 billion, a P/E ratio of 22.43, a P/E/G ratio of 1.80 and a beta of 1.17. Ferguson plc has a one year low of $146.00 and a one year high of $271.64.

Ferguson (NYSE:FERG) last announced its earnings results on Tuesday, February 24th. The company reported $1.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.24 by ($0.25). Ferguson had a return on equity of 40.37% and a net margin of 6.93%.During the same quarter last year, the firm posted $1.52 EPS. The business’s revenue was up 3.6% compared to the same quarter last year.

Ferguson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Friday, March 6th will be given a dividend of $0.89 per share. The ex-dividend date is Friday, March 6th. This represents a $3.56 dividend on an annualized basis and a yield of 1.6%. Ferguson’s payout ratio is presently 35.96%.

Trending Headlines about Ferguson

Here are the key news stories impacting Ferguson this week:

• Neutral Sentiment: Rebecca Ferguson (actor) confirms return window for Apple TV+ series “Silo” — entertainment press about the actress, not the company. Collider: Rebecca Ferguson on Silo
• Neutral Sentiment: Multiple outlets report Rebecca Ferguson discussing “Silo” Season 3 and Dune: Part 3 details — actor/entertainment coverage, unrelated to Ferguson plc. AOL: Silo Season 3
• Neutral Sentiment: Rebecca Ferguson appears on late-night TV (Seth Meyers) — celebrity appearance, no corporate link. MSN: Seth Meyers & Rebecca Ferguson
• Neutral Sentiment: Celebrity coverage of Sarah Ferguson (Duchess of York) — various human-interest and controversy stories (public apologies, social ties, living arrangements). These are reputational/celebrity items with no corporate relevance. Yahoo: Sarah Ferguson and Epstein
• Neutral Sentiment: Stories comparing Meghan Markle to Sarah Ferguson and articles about Priscilla Presley and Sarah Ferguson — entertainment/viral coverage, not company news. MSN: Meghan Markle comparison
• Neutral Sentiment: Reports on Sarah Ferguson’s personal comments about other celebrities and alleged tensions with the royal family — tabloid/celebrity reporting, no corporate implications. MSN: Sarah Ferguson on Lisa Marie Presley
• Neutral Sentiment: Sports feature on Brighton’s Evan Ferguson (soccer) — player/club coverage, not related to Ferguson plc’s business. NYT: Evan Ferguson feature

About Ferguson

Ferguson (NYSE: FERG) is a multinational distributor specializing in plumbing and heating products and related building supplies, serving professional contractors, builders and industrial customers. The company supplies a broad range of products used in residential, commercial and infrastructure projects, including pipes and fittings, valves and controls, HVAC equipment, waterworks materials, plumbing fixtures, pumps and accessories, as well as complementary electrical and specialty product lines.

Ferguson operates a network of branches and distribution centers that provide inventory, logistics and value-added services to trade customers.