Analysts’ Weekly Ratings Changes for Ferguson (FERG)

Several brokerages have updated their recommendations and price targets on shares of Ferguson (NASDAQ: FERG) in the last few weeks:

• 9/18/2024 – Ferguson had its price target lowered by analysts at Wells Fargo & Company from $250.00 to $225.00. They now have an “overweight” rating on the stock.
• 9/18/2024 – Ferguson had its price target raised by analysts at Barclays PLC from $229.00 to $245.00. They now have an “overweight” rating on the stock.
• 9/18/2024 – Ferguson had its price target raised by analysts at Robert W. Baird from $222.00 to $225.00. They now have an “outperform” rating on the stock.
• 9/18/2024 – Ferguson had its price target raised by analysts at Royal Bank of Canada from $211.00 to $219.00. They now have an “outperform” rating on the stock.
• 9/18/2024 – Ferguson had its price target raised by analysts at Citigroup Inc. from $203.00 to $221.00. They now have a “neutral” rating on the stock.
• 9/18/2024 – Ferguson had its price target raised by analysts at UBS Group AG from $228.00 to $236.00. They now have a “buy” rating on the stock.

Ferguson Stock Performance

FERG stock traded down $2.49 during trading on Wednesday, reaching $197.02. 47,114 shares of the company’s stock were exchanged, compared to its average volume of 1,239,876. Ferguson plc has a 1-year low of $147.62 and a 1-year high of $225.63. The firm has a market cap of $39.55 billion, a PE ratio of 21.53, a P/E/G ratio of 3.38 and a beta of 1.21. The company’s fifty day moving average price is $203.33 and its 200-day moving average price is $206.75. The company has a quick ratio of 0.94, a current ratio of 1.68 and a debt-to-equity ratio of 0.64.

Ferguson (NASDAQ:FERG) last posted its quarterly earnings data on Tuesday, September 17th. The company reported $2.98 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.12. The business had revenue of $7.95 billion for the quarter, compared to analyst estimates of $8.01 billion. Ferguson had a net margin of 5.85% and a return on equity of 37.03%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the business earned $2.77 earnings per share. On average, research analysts expect that Ferguson plc will post 9.86 EPS for the current fiscal year.

Ferguson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, September 27th will be paid a $0.79 dividend. The ex-dividend date is Friday, September 27th. This represents a $3.16 dividend on an annualized basis and a yield of 1.60%. Ferguson’s dividend payout ratio is currently 34.54%.

Institutional Investors Weigh In On Ferguson

Several hedge funds have recently made changes to their positions in FERG. BayBridge Capital Group LLC lifted its position in shares of Ferguson by 2.0% in the first quarter. BayBridge Capital Group LLC now owns 2,373 shares of the company’s stock worth $494,000 after purchasing an additional 47 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in Ferguson by 3.0% in the 1st quarter. Verdence Capital Advisors LLC now owns 1,663 shares of the company’s stock valued at $363,000 after buying an additional 48 shares during the period. OneAscent Financial Services LLC lifted its position in Ferguson by 1.9% in the 1st quarter. OneAscent Financial Services LLC now owns 2,584 shares of the company’s stock worth $565,000 after buying an additional 49 shares in the last quarter. Perigon Wealth Management LLC boosted its stake in shares of Ferguson by 3.6% during the 1st quarter. Perigon Wealth Management LLC now owns 1,568 shares of the company’s stock valued at $342,000 after buying an additional 55 shares during the period. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of Ferguson by 1.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 3,142 shares of the company’s stock valued at $686,000 after acquiring an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 81.98% of the company’s stock.

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.