Watsco (NYSE:WSO.B) Hits New 1-Year High at $473.75

Watsco Inc (NYSE:WSO.B)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $473.75 and last traded at $473.75, with a volume of 10 shares trading hands. The stock had previously closed at $445.15.

Watsco Stock Up 6.4 %

The stock has a market cap of $18.71 billion, a price-to-earnings ratio of 36.44 and a beta of 0.57. The business’s 50 day moving average is $417.98 and its 200-day moving average is $399.95. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.31 and a current ratio of 2.92.

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

Watsco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were paid a dividend of $2.70 per share. This is a positive change from Watsco’s previous quarterly dividend of $2.45. This represents a $10.80 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend was Friday, April 12th. Watsco’s payout ratio is 83.08%.

Watsco Company Profile

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.