Watsco Inc (NYSE:WSO) shares reached a new 52-week high and low on Thursday . The stock traded as low as $188.55 and last traded at $188.91, with a volume of 145291 shares. The stock had previously closed at $187.22.
Several research analysts have weighed in on WSO shares. Stifel Nicolaus restated a “buy” rating and issued a $191.00 price target on shares of Watsco in a research note on Wednesday. ValuEngine upgraded Watsco from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research upgraded Watsco from a “hold” rating to a “buy” rating and set a $198.00 price target for the company in a research note on Monday, February 5th. Susquehanna Bancshares set a $195.00 price target on Watsco and gave the stock a “buy” rating in a research note on Friday, February 9th. Finally, Stephens set a $169.00 price target on Watsco and gave the stock a “hold” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. Watsco presently has an average rating of “Hold” and an average price target of $173.50.
The company has a quick ratio of 1.38, a current ratio of 3.21 and a debt-to-equity ratio of 0.01. The stock has a market cap of $6,984.43, a P/E ratio of 33.92 and a beta of 0.82.
Watsco (NYSE:WSO) last posted its earnings results on Thursday, February 8th. The construction company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.10). The firm had revenue of $964.35 million for the quarter, compared to the consensus estimate of $965.85 million. Watsco had a net margin of 4.80% and a return on equity of 14.66%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.81 earnings per share. equities analysts expect that Watsco Inc will post 6.81 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 16th will be given a dividend of $1.45 per share. This is an increase from Watsco’s previous quarterly dividend of $1.25. This represents a $5.80 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Friday, April 13th. Watsco’s dividend payout ratio is currently 91.24%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its position in shares of Watsco by 28.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 3,222 shares of the construction company’s stock valued at $548,000 after acquiring an additional 710 shares during the last quarter. Xact Kapitalforvaltning AB bought a new position in shares of Watsco during the 4th quarter valued at approximately $435,000. Envestnet Asset Management Inc. boosted its position in shares of Watsco by 80.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 5,336 shares of the construction company’s stock valued at $907,000 after acquiring an additional 2,385 shares during the last quarter. DF Dent & Co. Inc. boosted its position in shares of Watsco by 12.6% during the 4th quarter. DF Dent & Co. Inc. now owns 484,258 shares of the construction company’s stock valued at $82,343,000 after acquiring an additional 54,133 shares during the last quarter. Finally, MetLife Investment Advisors LLC bought a new position in shares of Watsco during the 4th quarter valued at approximately $3,283,000. Hedge funds and other institutional investors own 81.54% of the company’s stock.
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Watsco, Inc is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the HVAC/R distribution industry in North America. As of December 31, 2016, the Company sold a range of non-equipment products, representing more than 300,000 stock keeping units, including parts, ductwork, air movement products, insulation, tools, installation supplies, thermostats and air quality products.
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