Ferguson plc (NASDAQ:FERG – Get Free Report) VP Michael Jacobs sold 5,057 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $164.71, for a total transaction of $832,938.47. Following the transaction, the vice president now directly owns 499 shares in the company, valued at approximately $82,190.29. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Ferguson Stock Down 1.2 %
Shares of NASDAQ:FERG opened at $153.36 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.67 and a quick ratio of 0.95. The firm has a market capitalization of $31.28 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 2.83 and a beta of 1.20. The firm’s 50-day moving average is $159.03 and its two-hundred day moving average is $151.51. Ferguson plc has a 1 year low of $99.16 and a 1 year high of $171.06.
Ferguson (NASDAQ:FERG – Get Free Report) last released its earnings results on Tuesday, September 26th. The company reported $2.77 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.33. Ferguson had a net margin of 6.35% and a return on equity of 41.58%. The firm had revenue of $7.84 billion for the quarter, compared to analyst estimates of $7.56 billion. During the same period in the prior year, the firm earned $2.85 earnings per share. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. Analysts predict that Ferguson plc will post 9.71 EPS for the current year.
Ferguson Announces Dividend
Analysts Set New Price Targets
Several brokerages have recently weighed in on FERG. TheStreet cut shares of Ferguson from a “b-” rating to a “c+” rating in a research report on Friday, June 23rd. William Blair began coverage on shares of Ferguson in a research report on Friday, July 7th. They issued an “outperform” rating on the stock. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Ferguson in a research report on Wednesday, October 4th. Wells Fargo & Company began coverage on shares of Ferguson in a research report on Tuesday. They issued an “equal weight” rating on the stock. Finally, Barclays upped their target price on shares of Ferguson from $175.00 to $185.00 in a research report on Thursday, July 13th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $4,142.63.
Read Our Latest Report on Ferguson
Institutional Trading of Ferguson
Large investors have recently made changes to their positions in the company. Norges Bank acquired a new position in Ferguson in the fourth quarter valued at approximately $610,247,000. BlackRock Inc. boosted its holdings in Ferguson by 57.2% in the second quarter. BlackRock Inc. now owns 12,690,268 shares of the company’s stock valued at $1,996,306,000 after purchasing an additional 4,618,603 shares in the last quarter. Franklin Resources Inc. acquired a new position in Ferguson in the second quarter valued at approximately $365,342,000. State Street Corp boosted its holdings in Ferguson by 92.1% in the second quarter. State Street Corp now owns 3,753,670 shares of the company’s stock valued at $591,817,000 after purchasing an additional 1,799,483 shares in the last quarter. Finally, Perpetual Ltd acquired a new position in Ferguson in the first quarter valued at approximately $223,405,000.
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.
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