Thompson Davis & CO. Inc. Takes $220,000 Position in Ferguson plc $FERG

Thompson Davis & CO. Inc. bought a new position in shares of Ferguson plc (NYSE:FERG) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,010 shares of the company’s stock, valued at approximately $220,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. True Wealth Design LLC boosted its holdings in Ferguson by 145.3% in the 2nd quarter. True Wealth Design LLC now owns 130 shares of the company’s stock valued at $28,000 after purchasing an additional 77 shares during the period. Hemington Wealth Management raised its position in shares of Ferguson by 51.5% in the second quarter. Hemington Wealth Management now owns 153 shares of the company’s stock worth $33,000 after buying an additional 52 shares in the last quarter. Brooklyn Investment Group boosted its stake in Ferguson by 103.6% during the first quarter. Brooklyn Investment Group now owns 226 shares of the company’s stock valued at $36,000 after buying an additional 115 shares during the period. Fifth Third Bancorp grew its position in Ferguson by 230.8% during the second quarter. Fifth Third Bancorp now owns 172 shares of the company’s stock worth $37,000 after buying an additional 120 shares in the last quarter. Finally, Maseco LLP purchased a new position in Ferguson during the second quarter worth about $40,000. 81.98% of the stock is currently owned by hedge funds and other institutional investors.

Ferguson Trading Down 4.1%

NYSE FERG opened at $242.87 on Friday. The company has a market cap of $47.60 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 2.05 and a beta of 1.18. Ferguson plc has a 1-year low of $146.00 and a 1-year high of $256.93. The firm has a 50-day moving average of $236.73. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.94 and a current ratio of 1.68.

Ferguson (NYSE:FERG) last announced its quarterly earnings results on Tuesday, September 16th. The company reported $3.48 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.48. Ferguson had a return on equity of 35.21% and a net margin of 6.03%.The business had revenue of $8.50 billion for the quarter, compared to analysts’ expectations of $8.44 billion.

Ferguson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, September 26th were issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, September 26th. Ferguson’s dividend payout ratio is currently 35.55%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Ferguson in a report on Wednesday, September 10th. Wall Street Zen raised shares of Ferguson from a “hold” rating to a “buy” rating in a research note on Monday, October 20th. Oppenheimer boosted their price target on shares of Ferguson from $235.00 to $255.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 17th. UBS Group raised their price objective on shares of Ferguson from $204.00 to $225.00 and gave the company a “neutral” rating in a research report on Wednesday, September 17th. Finally, Royal Bank Of Canada lifted their price objective on shares of Ferguson from $231.00 to $243.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Ferguson currently has an average rating of “Moderate Buy” and an average target price of $243.75.

Insider Activity at Ferguson

In other Ferguson news, CAO Richard Winckler sold 1,034 shares of the firm’s stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $232.70, for a total value of $240,611.80. Following the sale, the chief accounting officer owned 1,458 shares of the company’s stock, valued at $339,276.60. This trade represents a 41.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ian T. Graham sold 606 shares of the business’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $239.33, for a total value of $145,033.98. Following the transaction, the insider owned 7,714 shares in the company, valued at approximately $1,846,191.62. This represents a 7.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 29,264 shares of company stock worth $6,853,349 over the last ninety days. Insiders own 0.18% of the company’s stock.

About Ferguson

Ferguson Enterprises Inc distributes plumbing and heating products in North America. The company provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, and fabrication, as well as heating, ventilation, and air conditioning (HVAC) to residential and non-residential customers.