Regency Capital Management Inc. DE decreased its position in Ferguson plc (NASDAQ:FERG – Get Rating) by 15.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,138 shares of the company's stock after selling 6,327 shares during the quarter. Ferguson makes up 4.4% of Regency Capital Management Inc. DE's portfolio, making the stock its 9th biggest holding. Regency Capital Management Inc. DE's holdings in Ferguson were worth $3,623,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Crewe Advisors LLC purchased a new stake in Ferguson in the second quarter worth about $26,000. Venture Visionary Partners LLC purchased a new stake in Ferguson in the second quarter worth about $30,000. Financial Gravity Asset Management Inc. purchased a new stake in Ferguson in the third quarter worth about $32,000. CWM LLC increased its position in Ferguson by 40.4% in the third quarter. CWM LLC now owns 323 shares of the company's stock worth $33,000 after buying an additional 93 shares in the last quarter. Finally, Heritage Wealth Management LLC purchased a new stake in Ferguson in the second quarter worth about $38,000. Institutional investors own 52.19% of the company's stock.
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Analyst Upgrades and Downgrades
FERG has been the subject of several research analyst reports. Robert W. Baird increased their target price on Ferguson from $140.00 to $155.00 in a research report on Wednesday, December 7th. Berenberg Bank raised their price target on shares of Ferguson from £114 ($141.14) to £128 ($158.47) in a report on Wednesday, January 11th. Zelman & Associates assumed coverage on shares of Ferguson in a research report on Thursday, December 1st. They set a "buy" rating for the company. TheStreet upgraded shares of Ferguson from a "d+" rating to a "c-" rating in a research report on Friday, November 18th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Ferguson from GBX 9,960 ($123.31) to GBX 9,630 ($119.23) in a research note on Monday, December 5th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $8,448.82.
Ferguson Trading Up 0.1 %
Ferguson stock traded up $0.07 during midday trading on Tuesday, reaching $138.71. 363,607 shares of the stock traded hands, compared to its average volume of 1,515,680. The firm has a market cap of $31.22 billion, a PE ratio of 13.76 and a beta of 1.21. The company has a current ratio of 1.84, a quick ratio of 1.01 and a debt-to-equity ratio of 0.91. The company has a 50-day simple moving average of $126.96 and a two-hundred day simple moving average of $119.04. Ferguson plc has a 12-month low of $99.16 and a 12-month high of $168.90.
Ferguson (NASDAQ:FERG – Get Rating) last posted its quarterly earnings data on Tuesday, December 6th. The company reported $2.95 EPS for the quarter, beating the consensus estimate of $2.82 by $0.13. The business had revenue of $7.93 billion during the quarter, compared to analyst estimates of $7.65 billion. Ferguson had a net margin of 7.26% and a return on equity of 45.99%. Research analysts expect that Ferguson plc will post 9.32 earnings per share for the current fiscal year.
Ferguson Cuts Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Friday, February 3rd. Shareholders of record on Friday, December 16th will be paid a $0.75 dividend. The ex-dividend date is Thursday, December 15th. This represents a dividend yield of 2.8%. Ferguson's dividend payout ratio (DPR) is 29.91%.
Ferguson Company Profile
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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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