Huntington National Bank raised its position in shares of Ferguson plc (NASDAQ:FERG – Free Report) by 103.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 674 shares of the company’s stock after purchasing an additional 342 shares during the period. Huntington National Bank’s holdings in Ferguson were worth $111,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Milestone Investment Advisors LLC bought a new position in Ferguson during the third quarter valued at $47,000. Park Place Capital Corp bought a new position in Ferguson during the second quarter valued at $45,000. First Horizon Advisors Inc. grew its holdings in Ferguson by 25.4% during the second quarter. First Horizon Advisors Inc. now owns 311 shares of the company’s stock valued at $49,000 after purchasing an additional 63 shares during the period. Lindbrook Capital LLC grew its holdings in Ferguson by 150.0% during the third quarter. Lindbrook Capital LLC now owns 320 shares of the company’s stock valued at $53,000 after purchasing an additional 192 shares during the period. Finally, Resurgent Financial Advisors LLC bought a new position in Ferguson during the fourth quarter valued at $47,000.
Ferguson Trading Up 0.5 %
Shares of FERG stock opened at $198.66 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.97 and a current ratio of 1.71. Ferguson plc has a 52-week low of $123.17 and a 52-week high of $199.52. The company has a market capitalization of $40.43 billion, a PE ratio of 22.52, a price-to-earnings-growth ratio of 14.16 and a beta of 1.26. The business’s fifty day moving average is $187.90 and its 200 day moving average is $169.63.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the company. Wells Fargo & Company upgraded Ferguson from an “equal weight” rating to an “overweight” rating in a research report on Thursday, January 4th. Raymond James downgraded Ferguson from an “outperform” rating to a “market perform” rating in a research report on Monday, January 8th. Bank of America downgraded Ferguson from a “neutral” rating to an “underperform” rating in a research report on Tuesday, October 31st. Finally, TheStreet upgraded Ferguson from a “c+” rating to a “b-” rating in a research report on Monday, November 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $166.50.
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.
- Five stocks we like better than Ferguson
- EV Stocks and How to Profit from Them
- Uber quadruples EPS estimates, but is growth decelerating?
- What Are Dividend Challengers?
- 3 stocks set to benefit from record Valentine’s Day spending
- Investing in Commodities: What Are They? How to Invest in Them
- Tradeweb is a disruptive pure play on financial market liquidity
Receive News & Ratings for Ferguson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferguson and related companies with MarketBeat.com's FREE daily email newsletter.