Watsco (NYSE:WSO.B) Shares Gap Up to $424.75

Shares of Watsco Inc (NYSE:WSO.B) gapped up prior to trading on Monday . The stock had previously closed at $424.75, but opened at $445.15. Watsco shares last traded at $445.15, with a volume of 300 shares traded.

Watsco Stock Performance

The company’s 50 day simple moving average is $412.61 and its 200 day simple moving average is $397.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.31 and a current ratio of 2.92. The stock has a market cap of $17.58 billion, a PE ratio of 34.24 and a beta of 0.60.

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

Watsco Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were paid a $2.70 dividend. This represents a $10.80 dividend on an annualized basis and a yield of 2.43%. This is a boost from Watsco’s previous quarterly dividend of $2.45. The ex-dividend date of this dividend was Friday, April 12th. Watsco’s payout ratio is presently 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.