Reston Wealth Management LLC Invests $40,000 in Ferguson plc (NASDAQ:FERG)

Reston Wealth Management LLC bought a new position in shares of Ferguson plc (NASDAQ:FERG) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 203 shares of the company’s stock, valued at approximately $40,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Daiwa Securities Group Inc. boosted its holdings in shares of Ferguson by 80.1% in the 1st quarter. Daiwa Securities Group Inc. now owns 32,811 shares of the company’s stock valued at $7,166,000 after purchasing an additional 14,590 shares in the last quarter. CWM LLC raised its position in shares of Ferguson by 303.7% in the 3rd quarter. CWM LLC now owns 4,550 shares of the company’s stock worth $904,000 after acquiring an additional 3,423 shares in the last quarter. Meeder Asset Management Inc. raised its position in shares of Ferguson by 14.5% in the 1st quarter. Meeder Asset Management Inc. now owns 75,505 shares of the company’s stock worth $16,493,000 after acquiring an additional 9,562 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of Ferguson in the 2nd quarter valued at about $2,834,000. Finally, Duality Advisers LP acquired a new stake in shares of Ferguson in the 1st quarter valued at about $5,016,000. Institutional investors own 81.98% of the company’s stock.

Insider Buying and Selling at Ferguson

In related news, VP Michael Jacobs sold 2,624 shares of Ferguson stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $200.96, for a total value of $527,319.04. Following the completion of the transaction, the vice president now owns 1,116 shares in the company, valued at $224,271.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Ian T. Graham sold 5,778 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $201.27, for a total value of $1,162,938.06. Following the transaction, the insider now owns 5,938 shares of the company’s stock, valued at $1,195,141.26. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Michael Jacobs sold 2,624 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $200.96, for a total transaction of $527,319.04. Following the sale, the vice president now owns 1,116 shares of the company’s stock, valued at $224,271.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,313 shares of company stock worth $2,477,901. Insiders own 0.16% of the company’s stock.

Ferguson Stock Performance

NASDAQ FERG opened at $198.13 on Friday. Ferguson plc has a twelve month low of $154.61 and a twelve month high of $225.63. The company has a quick ratio of 1.00, a current ratio of 1.80 and a debt-to-equity ratio of 0.89. The business has a 50-day moving average price of $198.83 and a 200-day moving average price of $203.63. The firm has a market cap of $39.77 billion, a price-to-earnings ratio of 20.30, a price-to-earnings-growth ratio of 1.91 and a beta of 1.20.

Ferguson (NASDAQ:FERG) last issued its quarterly earnings results on Tuesday, September 17th. The company reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.12. The firm had revenue of $7.95 billion for the quarter, compared to the consensus estimate of $8.01 billion. Ferguson had a return on equity of 36.53% and a net margin of 5.85%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.77 earnings per share. As a group, equities research analysts predict that Ferguson plc will post 9.77 EPS for the current fiscal year.

Ferguson Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, September 27th will be given a dividend of $0.79 per share. The ex-dividend date is Friday, September 27th. This represents a $3.16 dividend on an annualized basis and a yield of 1.59%. Ferguson’s dividend payout ratio is currently 37.05%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FERG. Wells Fargo & Company cut their price target on Ferguson from $250.00 to $225.00 and set an “overweight” rating for the company in a research note on Wednesday, September 18th. Royal Bank of Canada boosted their target price on shares of Ferguson from $211.00 to $219.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. Barclays boosted their price target on shares of Ferguson from $229.00 to $245.00 and gave the company an “overweight” rating in a research report on Wednesday, September 18th. Robert W. Baird upped their target price on shares of Ferguson from $225.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group upped their price target on shares of Ferguson from $238.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $232.50.

Ferguson Company Profile

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.