Thompson Siegel & Walmsley LLC Has $6.42 Million Stock Position in Ferguson plc (NASDAQ:FERG)

Thompson Siegel & Walmsley LLC lifted its stake in Ferguson plc (NASDAQ:FERG) by 43.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 37,000 shares of the company’s stock after acquiring an additional 11,118 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Ferguson were worth $6,422,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Avantax Advisory Services Inc. increased its position in shares of Ferguson by 11.1% in the fourth quarter. Avantax Advisory Services Inc. now owns 5,597 shares of the company’s stock valued at $971,000 after acquiring an additional 559 shares during the last quarter. Jupiter Asset Management Ltd. increased its position in shares of Ferguson by 27.0% in the fourth quarter. Jupiter Asset Management Ltd. now owns 59,791 shares of the company’s stock valued at $10,409,000 after acquiring an additional 12,721 shares during the last quarter. Wilson Asset Management International PTY Ltd. increased its position in shares of Ferguson by 206.9% in the fourth quarter. Wilson Asset Management International PTY Ltd. now owns 92,609 shares of the company’s stock valued at $16,074,000 after acquiring an additional 62,436 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Ferguson by 14.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,152 shares of the company’s stock valued at $374,000 after acquiring an additional 279 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in Ferguson by 14.8% during the fourth quarter. Sequoia Financial Advisors LLC now owns 2,766 shares of the company’s stock worth $480,000 after purchasing an additional 356 shares during the period. Institutional investors and hedge funds own 81.98% of the company’s stock.

Ferguson Trading Down 0.4 %

Shares of NASDAQ:FERG opened at $155.23 on Friday. Ferguson plc has a 12-month low of $152.52 and a 12-month high of $225.63. The stock has a market cap of $31.04 billion, a PE ratio of 18.63, a P/E/G ratio of 1.69 and a beta of 1.28. The business has a 50 day moving average of $176.18 and a 200-day moving average of $190.62. The company has a quick ratio of 0.91, a current ratio of 1.68 and a debt-to-equity ratio of 0.83.

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 the consensus estimate of $1.58 by ($0.06). The company had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.76 billion. Ferguson had a net margin of 5.68% and a return on equity of 34.63%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.74 earnings per share. As a group, equities research analysts forecast that Ferguson plc will post 9.4 earnings per share for the current year.

Ferguson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 6th. Investors of record on Friday, March 21st will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Friday, March 21st. Ferguson’s dividend payout ratio (DPR) is currently 39.86%.

Wall Street Analyst Weigh In

FERG has been the subject of a number of research analyst reports. Morgan Stanley initiated coverage on Ferguson in a report on Monday, February 3rd. They set an “overweight” rating and a $204.00 price target for the company. Wells Fargo & Company reduced their price target on Ferguson from $205.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday. Barclays reduced their price target on Ferguson from $211.00 to $190.00 and set an “overweight” rating for the company in a report on Wednesday. Royal Bank of Canada reduced their price target on Ferguson from $211.00 to $189.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, UBS Group reiterated a “neutral” rating and set a $193.00 price target (down previously from $230.00) on shares of Ferguson in a report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $201.64.

About Ferguson

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.