Moody Lynn & Lieberson LLC Acquires 17,570 Shares of Ferguson plc $FERG

Moody Lynn & Lieberson LLC lifted its holdings in Ferguson plc (NYSE:FERG) by 30.7% in the 4th quarter, Holdings Channel reports. The firm owned 74,780 shares of the company’s stock after acquiring an additional 17,570 shares during the period. Ferguson accounts for 0.9% of Moody Lynn & Lieberson LLC’s portfolio, making the stock its 29th biggest holding. Moody Lynn & Lieberson LLC’s holdings in Ferguson were worth $16,648,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp boosted its position in shares of Ferguson by 1.9% during the third quarter. State Street Corp now owns 4,437,468 shares of the company’s stock valued at $1,000,152,000 after buying an additional 81,094 shares during the last quarter. Franklin Resources Inc. raised its position in Ferguson by 2.6% in the 3rd quarter. Franklin Resources Inc. now owns 4,367,818 shares of the company’s stock worth $980,921,000 after buying an additional 112,157 shares during the last quarter. Wellington Management Group LLP lifted its stake in Ferguson by 22.4% during the 3rd quarter. Wellington Management Group LLP now owns 3,734,911 shares of the company’s stock valued at $838,786,000 after acquiring an additional 682,666 shares during the period. Soroban Capital Partners LP lifted its stake in Ferguson by 2.8% during the 2nd quarter. Soroban Capital Partners LP now owns 3,705,056 shares of the company’s stock valued at $806,776,000 after acquiring an additional 100,559 shares during the period. Finally, Egerton Capital UK LLP boosted its holdings in shares of Ferguson by 16.4% during the 3rd quarter. Egerton Capital UK LLP now owns 2,600,224 shares of the company’s stock valued at $583,958,000 after acquiring an additional 366,898 shares during the last quarter. 81.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on FERG shares. Weiss Ratings lowered shares of Ferguson from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Truist Financial increased their price objective on shares of Ferguson from $260.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Wells Fargo & Company raised their target price on shares of Ferguson from $280.00 to $285.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Royal Bank Of Canada lifted their target price on shares of Ferguson from $247.00 to $271.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 24th. Finally, Wall Street Zen lowered shares of Ferguson from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $268.93.

Ferguson Price Performance

Shares of Ferguson stock opened at $233.39 on Wednesday. The stock has a market cap of $45.37 billion, a P/E ratio of 23.57, a P/E/G ratio of 1.83 and a beta of 1.17. 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 stock’s fifty day moving average is $245.31 and its 200 day moving average is $239.97. Ferguson plc has a one year low of $146.00 and a one year high of $271.64.

Ferguson (NYSE:FERG) last released its quarterly 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 net margin of 6.93% and a return on equity of 40.37%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 EPS.

Ferguson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Friday, March 6th will be paid 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 dividend yield of 1.5%. Ferguson’s payout ratio is 35.96%.

Ferguson Company Profile

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.