Bryn Mawr Capital Management LLC Decreases Stake in Ferguson plc (NASDAQ:FERG)

Bryn Mawr Capital Management LLC lowered its position in shares of Ferguson plc (NASDAQ:FERG) by 12.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,252 shares of the company’s stock after selling 181 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Ferguson were worth $242,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Ferguson by 9.1% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,676 shares of the company’s stock worth $903,000 after acquiring an additional 390 shares during the period. Yousif Capital Management LLC boosted its stake in shares of Ferguson by 2.2% during the 4th quarter. Yousif Capital Management LLC now owns 5,651 shares of the company’s stock valued at $1,091,000 after buying an additional 124 shares during the last quarter. Cumberland Partners Ltd boosted its stake in shares of Ferguson by 16.2% during the 4th quarter. Cumberland Partners Ltd now owns 27,765 shares of the company’s stock valued at $5,361,000 after buying an additional 3,865 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of Ferguson during the 4th quarter valued at approximately $341,000. Finally, Jennison Associates LLC acquired a new stake in shares of Ferguson during the 4th quarter valued at approximately $53,192,000. Hedge funds and other institutional investors own 81.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Raymond James lowered Ferguson from an “outperform” rating to a “market perform” rating in a research report on Monday, January 8th. Wells Fargo & Company raised Ferguson from an “equal weight” rating to an “overweight” rating in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $166.50.

Ferguson Trading Up 0.2 %

Shares of NASDAQ:FERG opened at $213.33 on Friday. The company has a market cap of $43.27 billion, a PE ratio of 22.79, a P/E/G ratio of 8.91 and a beta of 1.27. The company’s 50-day moving average price is $212.10 and its 200 day moving average price is $189.58. Ferguson plc has a fifty-two week low of $134.55 and a fifty-two week 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 issued its quarterly earnings data 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). The firm had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.72 billion. Ferguson had a net margin of 6.00% and a return on equity of 37.99%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.91 earnings per share. Sell-side analysts anticipate that Ferguson plc will post 9.66 earnings per share for the current year.

Ferguson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 7th. Investors of record on Friday, March 15th will be given a $0.79 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $3.16 annualized dividend and a yield of 1.48%. Ferguson’s dividend payout ratio is presently 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.