Watsco Stock Forecast, Price & News

Watsco's stock was trading at $164.89 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, WSO shares have increased by 39.1% and is now trading at $229.44.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Watsco in the last year. There are currently 2 sell ratings, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Watsco is scheduled to release its next quarterly earnings announcement on Thursday, October 15th 2020.
View our earnings forecast for Watsco.

Watsco Inc (NYSE:WSO) posted its earnings results on Thursday, July, 23rd. The construction company reported $2.26 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.88 by $0.38. The construction company had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.31 billion. Watsco had a return on equity of 13.38% and a net margin of 4.77%. The business's revenue was down .9% compared to the same quarter last year. During the same quarter last year, the business posted $2.40 earnings per share.
View Watsco's earnings history.

Watsco declared a quarterly dividend on Thursday, July 2nd. Shareholders of record on Thursday, July 16th will be given a dividend of $1.775 per share on Friday, July 31st. This represents a $7.10 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend is Wednesday, July 15th.
View Watsco's dividend history.

8 brokers have issued 1-year target prices for Watsco's shares. Their forecasts range from $130.00 to $195.00. On average, they anticipate Watsco's stock price to reach $168.60 in the next twelve months. This suggests that the stock has a possible downside of 26.5%.
View analysts' price targets for Watsco.

Some companies that are related to Watsco include Fastenal (FAST), W W Grainger (GWW), United Rentals (URI), MSC Industrial Direct (MSM), Air Lease (AL), GATX (GATX), WESCO International (WCC), Applied Industrial Technologies (AIT), Beacon Roofing Supply (BECN), Rush Enterprises (RUSHA), Kaman (KAMN), Textainer Group (TGH), H&E Equipment Services (HEES), MRC Global (MRC) and Titan Machinery (TITN).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Watsco investors own include NVIDIA (NVDA), Walt Disney (DIS), Verizon Communications (VZ), Johnson & Johnson (JNJ), Coca-Cola (KO), Netflix (NFLX), Visa (V), Home Depot (HD), United Parcel Service (UPS) and AbbVie (ABBV).

Watsco trades on the New York Stock Exchange (NYSE) under the ticker symbol "WSO."

Watsco's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.04%), Charles Schwab Investment Management Inc. (3.21%), FMR LLC (2.80%), Neuberger Berman Group LLC (2.33%), DAVENPORT & Co LLC (1.96%) and Kayne Anderson Rudnick Investment Management LLC (1.67%). Company insiders that own Watsco stock include Barry S Logan, Bob L Moss and George Sape.
View institutional ownership trends for Watsco.

WSO stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Scharf Investments LLC, Vanguard Group Inc., Advisors Asset Management Inc., Blair William & Co. IL, Bank of America Corp DE, Quantum Capital Management LLC NJ, and Prudential Financial Inc.. Company insiders that have sold Watsco company stock in the last year include Barry S Logan, Bob L Moss, and George Sape.
View insider buying and selling activity for Watsco.

WSO stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Nordea Investment Management AB, Baird Financial Group Inc., Charles Schwab Investment Management Inc., Mitsubishi UFJ Trust & Banking Corp, Capital Advisors Inc. OK, Balyasny Asset Management LLC, and Bridgeway Capital Management Inc..
View insider buying and selling activity for Watsco.

Shares of WSO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of WSO stock can currently be purchased for approximately $229.44.

Watsco has a market capitalization of $8.82 billion and generates $4.77 billion in revenue each year. The construction company earns $245.95 million in net income (profit) each year or $6.50 on an earnings per share basis. Watsco employs 5,800 workers across the globe.

The official website for Watsco is www.watsco.com.

Watsco's mailing address is 2665 SOUTH BAYSHORE DRIVE SUITE 901, MIAMI FL, 33133. The construction company can be reached via phone at 305-714-4100 or via email at [email protected]