Ferguson (NYSE:FERG) Earns Peer Perform Rating from Wolfe Research

by · The Cerbat Gem

Ferguson (NYSE:FERG – Get Free Report)‘s stock had its “peer perform” rating restated by research analysts at Wolfe Research in a research report issued on Tuesday, Benzinga reports.

Several other equities research analysts have also recently weighed in on the stock. The Goldman Sachs Group cut shares of Ferguson from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $315.00 to $265.00 in a research report on Monday, July 6th. Zelman & Associates raised shares of Ferguson from a “hold” rating to an “outperform” rating and set a $285.00 target price on the stock in a report on Friday, July 17th. Weiss Ratings upgraded shares of Ferguson from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 2nd. Jefferies Financial Group set a $295.00 target price on shares of Ferguson in a research report on Thursday, September 3rd. Finally, Robert W. Baird upped their price target on shares of Ferguson from $285.00 to $288.00 and gave the stock an “outperform” rating in a report on Tuesday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Ferguson currently has a consensus rating of “Moderate Buy” and a consensus target price of $285.57.

Check Out Our Latest Stock Report on FERG

Ferguson Price Performance

Shares of NYSE FERG opened at $222.48 on Tuesday. The stock has a market capitalization of $43.04 billion, a PE ratio of 26.14, a P/E/G ratio of 1.54 and a beta of 1.13. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.73 and a quick ratio of 0.93. The business has a fifty day moving average price of $234.56 and a two-hundred day moving average price of $236.65. Ferguson has a fifty-two week low of $207.64 and a fifty-two week high of $271.64.

Ferguson (NYSE:FERG – Get Free Report) last released its earnings results on Monday, August 10th. The company reported $3.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.16. Ferguson had a return on equity of 37.24% and a net margin of 6.82%.The company had revenue of $8.75 billion for the quarter. As a group, equities analysts predict that Ferguson will post 11.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ferguson news, insider Jake Schlicher sold 5,177 shares of Ferguson stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $230.92, for a total value of $1,195,472.84. Following the transaction, the insider owned 9,490 shares in the company, valued at $2,191,430.80. The trade was a 35.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.15% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System increased its position in Ferguson by 23,684.2% during the 2nd quarter. California State Teachers Retirement System now owns 69,745,828 shares of the company’s stock worth $16,552,777,000 after purchasing an additional 69,452,584 shares in the last quarter. Jupiter Topco LLC bought a new stake in shares of Ferguson during the second quarter worth $1,789,368,000. Norges Bank bought a new stake in shares of Ferguson during the fourth quarter worth $498,005,000. Raiffeisen Bank International AG grew its stake in shares of Ferguson by 350,745.0% during the fourth quarter. Raiffeisen Bank International AG now owns 522,759 shares of the company’s stock worth $116,382,000 after buying an additional 522,610 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Ferguson by 7.8% during the fourth quarter. Janus Henderson Group PLC now owns 5,981,791 shares of the company’s stock worth $1,331,621,000 after buying an additional 434,650 shares in the last quarter. Institutional investors own 81.98% of the company’s stock.

About Ferguson

(Get Free Report)

Ferguson plc (NYSE: FERG) is a value-added distributor of plumbing and heating products, water and wastewater solutions, fire protection equipment, HVAC supplies, and related products. The company primarily serves professional contractors and other trade customers, helping them source products, obtain technical support, and manage projects through its distribution network and digital platforms.

Ferguson operates mainly in North America, with businesses serving residential and commercial construction, infrastructure, facilities maintenance, and industrial markets in the United States and Canada.

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