Ferrovial (NASDAQ:FER) Sets New 52-Week High – Time to Buy?

Ferrovial SE (NASDAQ:FER)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $67.83 and last traded at $67.6690, with a volume of 554749 shares. The stock had previously closed at $66.75.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FER shares. Sanford C. Bernstein cut Ferrovial from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, December 10th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Ferrovial in a research note on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Ferrovial in a research note on Monday, November 3rd. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ferrovial presently has an average rating of “Moderate Buy”.

Ferrovial Stock Up 1.7%

The firm has a 50 day moving average of $63.74 and a two-hundred day moving average of $57.33.

Ferrovial Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Monday, December 22nd. Stockholders of record on Friday, December 5th will be paid a dividend of $0.077 per share. The ex-dividend date of this dividend is Friday, December 5th.

Hedge Funds Weigh In On Ferrovial

A number of institutional investors have recently made changes to their positions in the stock. Altfest L J & Co. Inc. boosted its holdings in shares of Ferrovial by 0.9% during the third quarter. Altfest L J & Co. Inc. now owns 18,426 shares of the company’s stock worth $1,080,000 after purchasing an additional 165 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of Ferrovial by 0.4% in the third quarter. ProShare Advisors LLC now owns 52,209 shares of the company’s stock worth $2,990,000 after acquiring an additional 206 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Ferrovial by 2.9% during the second quarter. Envestnet Asset Management Inc. now owns 7,693 shares of the company’s stock worth $412,000 after purchasing an additional 214 shares during the last quarter. Hancock Whitney Corp lifted its position in Ferrovial by 1.6% during the third quarter. Hancock Whitney Corp now owns 14,394 shares of the company’s stock valued at $843,000 after buying an additional 230 shares in the last quarter. Finally, Ensign Peak Advisors Inc lifted its holdings in shares of Ferrovial by 0.7% during the 2nd quarter. Ensign Peak Advisors Inc now owns 33,520 shares of the company’s stock valued at $1,781,000 after acquiring an additional 236 shares in the last quarter. 22.28% of the stock is owned by institutional investors and hedge funds.

Ferrovial Company Profile

Ferrovial SE, together with its subsidiaries, engages in the design, construction, financing, operation, and maintenance of transport infrastructure and urban services internationally. It operates through four segments: Construction, Toll Roads, Airports, and Energy Infrastructures and Mobility. The company designs and executes various public and private works, including the construction of public infrastructure; and develops, finances, and operates toll roads.