Watsco Inc (NYSE:WSO) Director Bob L. Moss sold 100 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $178.10, for a total transaction of $17,810.00. Following the sale, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $3,562,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
WSO stock opened at $179.94 on Tuesday. The stock has a market capitalization of $6.77 billion, a P/E ratio of 27.73, a P/E/G ratio of 2.15 and a beta of 0.82. The firm has a 50-day simple moving average of $173.02 and a 200-day simple moving average of $164.27. The company has a quick ratio of 1.33, a current ratio of 3.12 and a debt-to-equity ratio of 0.19. Watsco Inc has a 52 week low of $131.88 and a 52 week high of $180.69.
Watsco (NYSE:WSO) last announced its quarterly earnings data on Thursday, October 17th. The construction company reported $2.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.03). Watsco had a net margin of 5.29% and a return on equity of 15.07%. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the company posted $2.11 EPS. The firm’s revenue was up 7.6% on a year-over-year basis. On average, analysts expect that Watsco Inc will post 6.62 earnings per share for the current year.
A number of analysts have recently commented on the stock. Zacks Investment Research cut shares of Watsco from a “hold” rating to a “sell” rating and set a $167.00 target price for the company. in a research note on Saturday, August 3rd. Robert W. Baird boosted their target price on shares of Watsco from $160.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Morgan Stanley boosted their target price on shares of Watsco from $145.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Buckingham Research cut their target price on shares of Watsco from $165.00 to $164.00 and set a “neutral” rating for the company in a research note on Friday, October 18th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Watsco from $132.00 to $138.00 and gave the stock an “underweight” rating in a research note on Thursday, October 10th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company has an average rating of “Hold” and an average target price of $160.40.
A number of hedge funds and other institutional investors have recently made changes to their positions in WSO. Quest Capital Management Inc. ADV purchased a new stake in Watsco during the 3rd quarter valued at about $33,000. Quantamental Technologies LLC purchased a new stake in Watsco during the 2nd quarter valued at about $34,000. Cedar Wealth Management LLC purchased a new stake in Watsco during the 2nd quarter valued at about $38,000. Heritage Wealth Advisors boosted its holdings in Watsco by 776.7% in the 2nd quarter. Heritage Wealth Advisors now owns 263 shares of the construction company’s stock valued at $43,000 after purchasing an additional 233 shares during the last quarter. Finally, Advisory Services Network LLC boosted its holdings in Watsco by 54.2% in the 2nd quarter. Advisory Services Network LLC now owns 273 shares of the construction company’s stock valued at $45,000 after purchasing an additional 96 shares during the last quarter. 76.05% of the stock is owned by institutional investors.
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.
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