Watsco (NYSE:WSO.B) Hits New 1-Year High at $445.15

Watsco Inc (NYSE:WSO.B)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $445.15 and last traded at $445.15, with a volume of 293 shares changing hands. The stock had previously closed at $422.05.

Watsco Price Performance

The business has a fifty day simple moving average of $409.35 and a 200 day simple moving average of $396.61. The firm has a market cap of $17.58 billion, a price-to-earnings ratio of 34.24 and a beta of 0.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.92 and a quick ratio of 1.47.

Watsco (NYSE:WSO.B) last posted its quarterly earnings results on Tuesday, February 13th. The construction company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.36). The company had revenue of $1.60 billion during the quarter. Watsco had a net margin of 7.03% and a return on equity of 19.26%.

Watsco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be given a $2.70 dividend. The ex-dividend date of this dividend is Friday, April 12th. This is a positive change from Watsco’s previous quarterly dividend of $2.45. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.43%. Watsco’s dividend payout ratio is 83.08%.

About Watsco

Watsco, Inc, together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment; and related parts and supplies in the United States, Canada, Mexico, and Puerto Rico. It offers residential ducted and ductless air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.