Shares of Watsco Inc (NYSE:WSO.B - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 300 shares traded hands during mid-day trading, an increase of 36% from the previous session's volume of 220 shares.The stock last traded at $445.15 and had previously closed at $424.75.
Watsco Stock Performance
The company has a 50-day simple moving average of $427.92 and a two-hundred day simple moving average of $404.58. 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 firm has a market capitalization of $17.58 billion, a P/E ratio of 34.24 and a beta of 0.57.
Watsco (NYSE:WSO.B - Get Free Report) last announced its earnings results on Wednesday, April 24th. The construction company reported $2.17 EPS for the quarter. The firm had revenue of $1.56 billion for the quarter. Watsco had a net margin of 7.03% and a return on equity of 19.26%.
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 issued a $2.70 dividend. This represents a $10.80 annualized dividend and a yield of 2.43%. This is an increase from Watsco's previous quarterly dividend of $2.45. The ex-dividend date was Friday, April 12th. Watsco's payout ratio is 83.08%.
Watsco Company Profile
(
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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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