EverSource Wealth Advisors LLC Has $238,000 Stake in Ferguson plc (NASDAQ:FERG)

EverSource Wealth Advisors LLC trimmed its stake in shares of Ferguson plc (NASDAQ:FERG) by 17.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,234 shares of the company’s stock after selling 268 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Ferguson were worth $238,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. bought a new position in shares of Ferguson in the 4th quarter valued at about $29,000. CVA Family Office LLC bought a new stake in shares of Ferguson in the fourth quarter valued at about $31,000. Private Trust Co. NA grew its holdings in shares of Ferguson by 146.1% during the fourth quarter. Private Trust Co. NA now owns 187 shares of the company’s stock worth $36,000 after buying an additional 111 shares in the last quarter. Avalon Trust Co acquired a new stake in Ferguson in the 4th quarter valued at $50,000. Finally, Milestone Investment Advisors LLC bought a new stake in Ferguson during the third quarter worth about $47,000. 81.98% of the stock is currently owned by institutional investors and hedge funds.

Ferguson Stock Up 0.4 %

Shares of NASDAQ:FERG traded up $0.85 during midday trading on Friday, hitting $208.28. The stock had a trading volume of 633,668 shares, compared to its average volume of 852,216. The company has a market cap of $42.24 billion, a P/E ratio of 24.22, a PEG ratio of 8.70 and a beta of 1.27. The business’s 50-day simple moving average is $215.73 and its 200-day simple moving average is $197.31. Ferguson plc has a 12 month low of $143.39 and a 12 month high of $224.86. The company has a quick ratio of 0.97, a current ratio of 1.80 and a debt-to-equity ratio of 0.66.

Ferguson (NASDAQ:FERG) last released its quarterly earnings results on Tuesday, March 5th. The company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.08). Ferguson had a net margin of 6.00% and a return on equity of 37.99%. The company had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.72 billion. During the same period in the prior year, the company earned $1.91 earnings per share. The firm’s revenue was down 2.2% compared to the same quarter last year. On average, sell-side analysts forecast that Ferguson plc will post 9.62 earnings per share for the current fiscal year.

Ferguson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Friday, March 15th were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.52%. Ferguson’s payout ratio is 36.74%.

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.