Watsco (NYSE:WSO.B) Hits New 1-Year High – Here’s What Happened

Watsco Inc (NYSE:WSO.B) hit a new 52-week high on Monday . The company traded as high as $513.34 and last traded at $513.34, with a volume of 15 shares. The stock had previously closed at $495.00.

Watsco Stock Up 3.7 %

The stock has a 50 day moving average price of $484.53 and a 200 day moving average price of $463.18. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.55 and a current ratio of 3.21. The company has a market capitalization of $20.71 billion, a P/E ratio of 37.87 and a beta of 0.58.

Watsco (NYSE:WSO.B) last issued its earnings results on Tuesday, July 30th. The construction company reported $4.49 earnings per share for the quarter. Watsco had a net margin of 7.02% and a return on equity of 18.55%. The firm had revenue of $2.14 billion during the quarter.

Watsco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th will be given a dividend of $2.70 per share. The ex-dividend date of this dividend is Wednesday, October 16th. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.10%. Watsco’s dividend payout ratio (DPR) is currently 82.63%.

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.