Watsco (NYSE:WSO.B) Sets New 1-Year High – Should You Buy?

Watsco Inc (NYSE:WSO.B)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $496.25 and last traded at $496.25, with a volume of 25 shares traded. The stock had previously closed at $495.00.

Watsco Price Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.55 and a current ratio of 3.21. The stock has a market capitalization of $19.97 billion, a price-to-earnings ratio of 37.87 and a beta of 0.58. The company has a fifty day simple moving average of $482.57 and a two-hundred day simple moving average of $461.77.

Watsco (NYSE:WSO.B) last issued its quarterly earnings results on Tuesday, July 30th. The construction company reported $4.49 earnings per share for the quarter. The company had revenue of $2.14 billion during the quarter. Watsco had a net margin of 7.02% and a return on equity of 18.55%.

Watsco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th will be issued a $2.70 dividend. The ex-dividend date is Wednesday, October 16th. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.18%. Watsco’s dividend payout ratio (DPR) is currently 82.63%.

Watsco Company Profile

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.