Watsco (NYSE:WSO.B) Sees Strong Trading Volume

Watsco Inc (NYSE:WSO.B) shares saw unusually-strong trading volume on Thursday . Approximately 600 shares traded hands during trading, an increase of 50% from the previous session’s volume of 400 shares.The stock last traded at $455.90 and had previously closed at $485.10.

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 firm has a market cap of $18.39 billion, a price-to-earnings ratio of 35.07 and a beta of 0.58. The company’s fifty day moving average is $471.08 and its two-hundred day moving average is $446.06.

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

Watsco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Tuesday, July 16th were issued a dividend of $2.70 per share. The ex-dividend date was Tuesday, July 16th. This represents a $10.80 annualized dividend and a dividend yield of 2.37%. 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.