Intrepid Capital Management Inc. Sells 3,558 Shares of Watsco, Inc. (NYSE:WSO)

Intrepid Capital Management Inc. lessened its stake in shares of Watsco, Inc. (NYSE:WSO - Free Report) by 82.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 736 shares of the construction company's stock after selling 3,558 shares during the quarter. Intrepid Capital Management Inc.'s holdings in Watsco were worth $349,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Rialto Wealth Management LLC bought a new stake in shares of Watsco during the fourth quarter worth $31,000. Wingate Wealth Advisors Inc. bought a new position in Watsco in the fourth quarter valued at approximately $36,000. Quarry LP grew its holdings in Watsco by 57.9% during the 3rd quarter. Quarry LP now owns 90 shares of the construction company's stock worth $44,000 after acquiring an additional 33 shares during the period. Atala Financial Inc bought a new position in shares of Watsco in the 4th quarter worth $49,000. Finally, Golden State Wealth Management LLC bought a new position in Watsco during the fourth quarter worth about $50,000. Institutional investors own 89.71% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Raymond James started coverage on shares of Watsco in a report on Friday, January 17th. They issued a "market perform" rating for the company. Robert W. Baird raised their price target on Watsco from $540.00 to $560.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Finally, Loop Capital boosted their price target on Watsco from $450.00 to $460.00 and gave the company a "hold" rating in a research note on Thursday, February 27th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $486.25.

Watsco Price Performance

Shares of WSO stock traded down $14.74 on Friday, hitting $477.78. 399,342 shares of the company's stock were exchanged, compared to its average volume of 253,380. Watsco, Inc. has a 12 month low of $396.82 and a 12 month high of $571.42. The company has a 50 day moving average of $496.34 and a 200 day moving average of $499.34. The stock has a market cap of $19.30 billion, a P/E ratio of 36.06 and a beta of 1.00.

Watsco (NYSE:WSO - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.13 by $0.24. Watsco had a net margin of 7.04% and a return on equity of 17.59%. The business had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.67 billion. Sell-side analysts predict that Watsco, Inc. will post 14.62 EPS for the current fiscal year.

Watsco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This is a positive change from Watsco's previous quarterly dividend of $2.70. This represents a $12.00 annualized dividend and a yield of 2.51%. Watsco's payout ratio is 81.51%.

About Watsco

Watsco, Inc, together with its subsidiaries, engages in the distribution of air conditioning, heating, refrigeration equipment, and related parts and supplies in the United States and internationally. The company distributes equipment, including residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.