Thompson Siegel & Walmsley LLC Has $4.43 Million Position in Ferguson plc (NASDAQ:FERG)

Thompson Siegel & Walmsley LLC grew its holdings in Ferguson plc (NASDAQ:FERG) by 7.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,882 shares of the company’s stock after buying an additional 1,682 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Ferguson were worth $4,431,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp increased its position in Ferguson by 375.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,289,864 shares of the company’s stock valued at $1,218,032,000 after acquiring an additional 4,966,821 shares in the last quarter. Norges Bank acquired a new stake in shares of Ferguson in the fourth quarter valued at approximately $988,852,000. Franklin Resources Inc. raised its position in Ferguson by 4.6% in the 4th quarter. Franklin Resources Inc. now owns 2,714,113 shares of the company’s stock worth $524,014,000 after purchasing an additional 118,894 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Ferguson by 589.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,619,637 shares of the company’s stock worth $353,778,000 after buying an additional 1,384,570 shares in the last quarter. Finally, First Pacific Advisors LP lifted its holdings in Ferguson by 1.4% during the 2nd quarter. First Pacific Advisors LP now owns 1,104,289 shares of the company’s stock worth $213,846,000 after buying an additional 15,700 shares in the last quarter. 81.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Barclays dropped their target price on Ferguson from $232.00 to $229.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Royal Bank of Canada cut their target price on shares of Ferguson from $217.00 to $211.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 5th. Finally, Jefferies Financial Group lifted their price target on shares of Ferguson from $238.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $230.00.

Ferguson Trading Up 1.5 %

NASDAQ:FERG opened at $193.07 on Monday. The company has a current ratio of 1.68, a quick ratio of 0.94 and a debt-to-equity ratio of 0.64. Ferguson plc has a 1-year low of $147.62 and a 1-year high of $225.63. The firm has a market capitalization of $38.99 billion, a price-to-earnings ratio of 21.10, a PEG ratio of 5.84 and a beta of 1.21. The business’s 50-day moving average price is $203.83 and its two-hundred day moving average price is $207.10.

Ferguson declared that its board has authorized a stock repurchase program on Tuesday, June 4th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.