Watsco (NYSE:WSO.B) Shares Gap Up to $424.75

Watsco Inc (NYSE:WSO.B)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $424.75, but opened at $445.15. Watsco shares last traded at $445.15, with a volume of 300 shares trading hands.

Watsco Stock Performance

The stock has a market cap of $18.71 billion, a PE ratio of 35.70 and a beta of 0.57. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.92 and a quick ratio of 1.31. The business has a 50 day moving average price of $449.27 and a two-hundred day moving average price of $420.90.

Watsco (NYSE:WSO.B) last released its quarterly earnings data on Wednesday, April 24th. The construction company reported $2.17 earnings per share for the quarter. Watsco had a return on equity of 19.26% and a net margin of 7.03%. The firm had revenue of $1.56 billion during the quarter.

Watsco Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 15th were paid a $2.70 dividend. This is a positive change from Watsco’s previous quarterly dividend of $2.45. The ex-dividend date was Friday, April 12th. This represents a $10.80 dividend on an annualized basis and a yield of 2.33%. Watsco’s dividend payout ratio (DPR) is presently 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.