Teacher Retirement System of Texas bought a new stake in Watsco, Inc. (NYSE:WSO - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,092 shares of the construction company's stock, valued at approximately $2,588,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WSO. Golden State Wealth Management LLC raised its holdings in shares of Watsco by 109.4% during the first quarter. Golden State Wealth Management LLC now owns 222 shares of the construction company's stock valued at $113,000 after buying an additional 116 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Watsco by 133.1% in the 1st quarter. SG Americas Securities LLC now owns 844 shares of the construction company's stock valued at $429,000 after purchasing an additional 482 shares during the period. Fifth Third Bancorp increased its position in shares of Watsco by 4.8% in the first quarter. Fifth Third Bancorp now owns 1,028 shares of the construction company's stock worth $523,000 after acquiring an additional 47 shares in the last quarter. State of Alaska Department of Revenue grew its position in Watsco by 2.6% during the 1st quarter. State of Alaska Department of Revenue now owns 4,077 shares of the construction company's stock worth $2,072,000 after purchasing an additional 105 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Watsco by 76.0% during the first quarter. GAMMA Investing LLC now owns 940 shares of the construction company's stock valued at $478,000 after buying an additional 406 shares in the last quarter. Institutional investors and hedge funds own 89.71% of the company's stock.
Watsco Price Performance
Shares of WSO stock traded down $4.96 on Friday, hitting $471.33. The company's stock had a trading volume of 232,042 shares, compared to its average volume of 261,644. The stock has a market capitalization of $19.09 billion, a price-to-earnings ratio of 36.23 and a beta of 1.04. Watsco, Inc. has a fifty-two week low of $418.31 and a fifty-two week high of $571.42. The firm's fifty day moving average price is $453.34 and its 200-day moving average price is $477.07.
Watsco (NYSE:WSO - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $1.93 earnings per share for the quarter, missing the consensus estimate of $2.29 by ($0.36). The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.66 billion. Watsco had a net margin of 6.98% and a return on equity of 17.13%. Watsco's quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the business earned $2.17 earnings per share. Analysts predict that Watsco, Inc. will post 14.62 EPS for the current fiscal year.
Watsco Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Wednesday, July 16th will be issued a $3.00 dividend. The ex-dividend date is Wednesday, July 16th. This represents a $12.00 annualized dividend and a yield of 2.55%. Watsco's dividend payout ratio (DPR) is currently 92.24%.
Analyst Ratings Changes
WSO has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Watsco from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. UBS Group decreased their target price on shares of Watsco from $455.00 to $450.00 and set a "neutral" rating for the company in a research note on Wednesday, June 25th. Mizuho set a $490.00 price target on shares of Watsco in a research note on Thursday, April 24th. Morgan Stanley set a $505.00 price objective on Watsco in a report on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. boosted their target price on Watsco from $445.00 to $460.00 and gave the company a "neutral" rating in a research note on Tuesday, May 27th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $484.17.
View Our Latest Report on WSO
Watsco Profile
(
Free Report)
Watsco, Inc, together with its subsidiaries, engages in the distribution of air conditioning, heating, refrigeration equipment, and related parts and supplies in the United States and internationally. The company distributes equipment, including residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.
Featured Stories
Before you consider Watsco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Watsco wasn't on the list.
While Watsco currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
