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

Watsco Inc (NYSE:WSO.B - Get Free Report) shares gapped up before the market opened 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 trading hands.

Watsco Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 2.92 and a quick ratio of 1.31. The stock has a market cap of $17.58 billion, a P/E ratio of 34.24 and a beta of 0.60. The stock has a 50-day simple moving average of $411.53 and a 200-day simple moving average of $397.35.

Watsco (NYSE:WSO.B - Get Free Report) last issued its earnings results on Tuesday, February 13th. The construction company reported $2.06 earnings per share for the quarter, missing analysts' consensus estimates 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a $2.70 dividend. This is a boost from Watsco's previous quarterly dividend of $2.45. This represents a $10.80 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Friday, April 12th. Watsco's dividend payout ratio is 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.