QRG Capital Management Inc. Grows Holdings in Ferguson plc (NASDAQ:FERG)

QRG Capital Management Inc. boosted its position in shares of Ferguson plc (NASDAQ:FERG) by 252.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 40,861 shares of the company’s stock after purchasing an additional 29,278 shares during the quarter. QRG Capital Management Inc.’s holdings in Ferguson were worth $7,889,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FERG. McGlone Suttner Wealth Management Inc. bought a new position in shares of Ferguson during the 4th quarter valued at approximately $29,000. CVA Family Office LLC bought a new stake in Ferguson during the 4th quarter valued at about $31,000. Private Trust Co. NA boosted its position in Ferguson by 146.1% in the 4th quarter. Private Trust Co. NA now owns 187 shares of the company’s stock valued at $36,000 after buying an additional 111 shares during the period. Milestone Investment Advisors LLC bought a new position in Ferguson in the 3rd quarter worth about $47,000. Finally, Avalon Trust Co bought a new stake in shares of Ferguson during the fourth quarter valued at approximately $50,000. 81.98% of the stock is owned by hedge funds and other institutional investors.

Ferguson Stock Up 0.5 %

Shares of FERG stock traded up $1.01 during mid-day trading on Friday, hitting $221.53. The stock had a trading volume of 543,604 shares, compared to its average volume of 1,000,843. Ferguson plc has a 12-month low of $142.27 and a 12-month high of $224.86. The firm has a market capitalization of $44.93 billion, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 9.25 and a beta of 1.27. The firm’s 50-day moving average is $213.91 and its two-hundred day moving average is $193.46. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.80 and a quick ratio of 0.97.

Ferguson (NASDAQ:FERG) last issued its earnings results 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 analysts’ expectations of $6.72 billion. Ferguson had a return on equity of 37.99% and a net margin of 6.00%. Ferguson’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.91 earnings per share. On average, analysts predict that Ferguson plc will post 9.66 earnings per share for the current fiscal year.

Ferguson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Friday, March 15th were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Thursday, March 14th. Ferguson’s dividend payout ratio is presently 36.74%.

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.