Ferrovial (NASDAQ:FER) Reaches New 1-Year High – Time to Buy?

Ferrovial SE (NASDAQ:FER)’s share price reached a new 52-week high on Thursday . The stock traded as high as $74.32 and last traded at $74.24, with a volume of 1023187 shares traded. The stock had previously closed at $73.03.

Analyst Ratings Changes

Several analysts have weighed in on FER shares. Weiss Ratings raised Ferrovial from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, February 5th. Citigroup reissued a “buy” rating and issued a $75.30 price target (up previously from $72.10) on shares of Ferrovial in a report on Friday, December 19th. Sanford C. Bernstein lowered shares of Ferrovial from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Ferrovial in a research note on Monday, November 3rd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Ferrovial in a research report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $75.30.

Ferrovial Stock Down 0.5%

The company has a 50 day moving average price of $67.58 and a two-hundred day moving average price of $62.11.

Ferrovial Announces Dividend

The business also recently declared a special dividend, which was paid on Monday, December 22nd. Stockholders of record on Friday, December 5th were paid a $0.077 dividend. The ex-dividend date was Friday, December 5th.

Institutional Investors Weigh In On Ferrovial

Hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its holdings in Ferrovial by 1,089.1% in the fourth quarter. Signaturefd LLC now owns 547 shares of the company’s stock valued at $35,000 after acquiring an additional 501 shares during the period. Cullen Frost Bankers Inc. increased its holdings in Ferrovial by 80.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 586 shares of the company’s stock valued at $38,000 after buying an additional 262 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Ferrovial by 118.6% in the third quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock worth $39,000 after acquiring an additional 364 shares during the period. Larson Financial Group LLC grew its position in shares of Ferrovial by 240.2% during the 3rd quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock valued at $57,000 after acquiring an additional 687 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Ferrovial in the 3rd quarter worth $66,000. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

About Ferrovial

Ferrovial, SA is a Spanish multinational infrastructure company headquartered in Madrid that develops, constructs, operates and maintains transport and urban infrastructure. Its core activities include the design and construction of large civil engineering projects, the development and operation of transport concessions such as toll roads and airports, and the provision of urban and industrial services and maintenance. The company typically operates through long-term concession and public-private partnership models, combining construction expertise with asset management and operations.

Within its operating model, Ferrovial’s business spans construction contracting, concession management and services.