Watsco Inc (NYSE:WSO.B - Get Free Report) hit a new 52-week high during mid-day 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 stock has a fifty day moving average of $407.18 and a two-hundred day moving average of $395.93. The company has a current ratio of 3.36, a quick ratio of 1.47 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $17.58 billion, a price-to-earnings ratio of 32.59 and a beta of 0.60.
Watsco (NYSE:WSO.B - Get Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The construction company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.42 by ($0.36). Watsco had a net margin of 7.36% and a return on equity of 21.36%. The company had revenue of $1.60 billion during the quarter.
Watsco Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a $2.70 dividend. This represents a $10.80 annualized dividend and a dividend yield of 2.43%. 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. Watsco's dividend payout ratio (DPR) is 79.06%.
About Watsco
(
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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.
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