Ferguson plc $FERG Shares Bought by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP grew its position in shares of Ferguson plc (NYSE:FERG) by 13.6% during the third quarter, HoldingsChannel reports. The firm owned 20,964 shares of the company’s stock after buying an additional 2,503 shares during the period. Brevan Howard Capital Management LP’s holdings in Ferguson were worth $4,708,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FERG. Cornerstone Planning Group LLC boosted its stake in shares of Ferguson by 178.3% in the third quarter. Cornerstone Planning Group LLC now owns 128 shares of the company’s stock valued at $31,000 after purchasing an additional 82 shares during the period. Johnson Financial Group Inc. purchased a new stake in Ferguson during the 3rd quarter worth $34,000. Quent Capital LLC acquired a new position in Ferguson in the 3rd quarter worth $43,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Ferguson by 21.7% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 292 shares of the company’s stock worth $66,000 after buying an additional 52 shares in the last quarter. Finally, CX Institutional boosted its position in Ferguson by 9,900.0% in the 3rd quarter. CX Institutional now owns 300 shares of the company’s stock valued at $67,000 after buying an additional 297 shares during the last quarter. 81.98% of the stock is owned by institutional investors and hedge funds.

Ferguson Price Performance

FERG opened at $222.07 on Monday. The company has a market capitalization of $43.19 billion, a P/E ratio of 22.43, a PEG ratio of 1.80 and a beta of 1.17. The company has a 50-day moving average of $248.85 and a 200-day moving average of $240.47. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.88. Ferguson plc has a 1-year low of $146.00 and a 1-year high of $271.64.

Ferguson (NYSE:FERG) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $1.99 EPS for the quarter, missing the consensus estimate of $2.24 by ($0.25). Ferguson had a return on equity of 40.37% and a net margin of 6.93%.Ferguson’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.52 EPS.

Ferguson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Friday, March 6th will be issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, March 6th. Ferguson’s dividend payout ratio (DPR) is currently 35.96%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FERG. Morgan Stanley restated an “overweight” rating on shares of Ferguson in a research note on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft boosted their price target on Ferguson from $237.00 to $246.00 and gave the stock a “hold” rating in a research note on Thursday, December 11th. Oppenheimer raised their price objective on Ferguson from $255.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, February 25th. Robert W. Baird lifted their price objective on Ferguson from $262.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, December 10th. Finally, Barclays upped their target price on Ferguson from $278.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, February 25th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Ferguson has a consensus rating of “Moderate Buy” and a consensus target price of $268.93.

More Ferguson News

Here are the key news stories impacting Ferguson this week:

• Neutral Sentiment: Rebecca Ferguson (actor) confirms return window for Apple TV+ series “Silo” — entertainment press about the actress, not the company. Collider: Rebecca Ferguson on Silo
• Neutral Sentiment: Multiple outlets report Rebecca Ferguson discussing “Silo” Season 3 and Dune: Part 3 details — actor/entertainment coverage, unrelated to Ferguson plc. AOL: Silo Season 3
• Neutral Sentiment: Rebecca Ferguson appears on late-night TV (Seth Meyers) — celebrity appearance, no corporate link. MSN: Seth Meyers & Rebecca Ferguson
• Neutral Sentiment: Celebrity coverage of Sarah Ferguson (Duchess of York) — various human-interest and controversy stories (public apologies, social ties, living arrangements). These are reputational/celebrity items with no corporate relevance. Yahoo: Sarah Ferguson and Epstein
• Neutral Sentiment: Stories comparing Meghan Markle to Sarah Ferguson and articles about Priscilla Presley and Sarah Ferguson — entertainment/viral coverage, not company news. MSN: Meghan Markle comparison
• Neutral Sentiment: Reports on Sarah Ferguson’s personal comments about other celebrities and alleged tensions with the royal family — tabloid/celebrity reporting, no corporate implications. MSN: Sarah Ferguson on Lisa Marie Presley
• Neutral Sentiment: Sports feature on Brighton’s Evan Ferguson (soccer) — player/club coverage, not related to Ferguson plc’s business. NYT: Evan Ferguson feature

Ferguson 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.