Ferguson (NYSE:FERG) Given New $265.00 Price Target at Robert W. Baird

by · The Cerbat Gem

Ferguson (NYSE:FERG – Get Free Report) had its target price raised by equities researchers at Robert W. Baird from $262.00 to $265.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price target indicates a potential upside of 17.34% from the company’s current price.

Several other equities research analysts also recently issued reports on FERG. Royal Bank Of Canada raised their target price on shares of Ferguson from $231.00 to $243.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. Wells Fargo & Company upped their price objective on Ferguson from $275.00 to $280.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Oppenheimer increased their price target on Ferguson from $235.00 to $255.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ferguson in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Ferguson from $225.00 to $245.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $246.53.

Get Our Latest Stock Analysis on FERG

Ferguson Trading Down 8.1%

NYSE:FERG opened at $225.84 on Wednesday. The company has a market capitalization of $44.26 billion, a PE ratio of 24.18, a PEG ratio of 2.10 and a beta of 1.17. Ferguson has a 1-year low of $146.00 and a 1-year high of $256.93. The firm has a fifty day moving average price of $242.82. The company has a quick ratio of 0.94, a current ratio of 1.68 and a debt-to-equity ratio of 0.64.

Ferguson (NYSE:FERG – Get Free Report) last announced its quarterly earnings results on Tuesday, December 9th. The company reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.07. Ferguson had a net margin of 6.03% and a return on equity of 35.21%. The firm had revenue of $8.17 billion during the quarter. During the same quarter in the prior year, the business earned $2.45 EPS. The business’s revenue was up 5.1% compared to the same quarter last year.

Insider Transactions at Ferguson

In other Ferguson news, CAO Richard Winckler sold 1,034 shares of Ferguson stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $232.70, for a total value of $240,611.80. Following the transaction, the chief accounting officer owned 1,458 shares in the company, valued at $339,276.60. The trade was a 41.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ian T. Graham sold 606 shares of Ferguson stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $239.33, for a total transaction of $145,033.98. Following the sale, the insider directly owned 7,714 shares in the company, valued at $1,846,191.62. This trade represents a 7.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 29,264 shares of company stock worth $6,853,349. 0.18% of the stock is owned by insiders.

Hedge Funds Weigh In On Ferguson

Several large investors have recently bought and sold shares of FERG. Daymark Wealth Partners LLC boosted its stake in shares of Ferguson by 4.6% during the third quarter. Daymark Wealth Partners LLC now owns 992 shares of the company’s stock valued at $223,000 after purchasing an additional 44 shares in the last quarter. Smithfield Trust Co boosted its position in Ferguson by 3.5% during the 2nd quarter. Smithfield Trust Co now owns 1,342 shares of the company’s stock worth $291,000 after buying an additional 46 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Ferguson by 7.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 690 shares of the company’s stock worth $150,000 after acquiring an additional 48 shares during the last quarter. Hemington Wealth Management grew its holdings in Ferguson by 51.5% during the 2nd quarter. Hemington Wealth Management now owns 153 shares of the company’s stock worth $33,000 after acquiring an additional 52 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in Ferguson by 21.7% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 292 shares of the company’s stock valued at $66,000 after acquiring an additional 52 shares during the period. 81.98% of the stock is currently owned by institutional investors.

About Ferguson

(Get Free Report)

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.

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