Watsco (NYSE:WSO.B) Sees Large Volume Increase

Watsco Inc (NYSE:WSO.B) saw strong trading volume on Thursday . 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 firm has a market capitalization of $17.58 billion, a price-to-earnings ratio of 34.24 and a beta of 0.57. The firm has a 50 day moving average price of $413.93 and a 200-day moving average price of $398.09. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.92 and a quick ratio of 1.31.

Watsco (NYSE:WSO.B) last released 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 return on equity of 19.26% and a net margin of 7.03%. The firm had revenue of $1.60 billion for the quarter.

Watsco Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were issued a dividend of $2.70 per share. This represents a $10.80 dividend on an annualized basis 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%.

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.