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NYSE:WSO

Watsco (WSO) Stock Price, News & Analysis

$504.72
+10.11 (+2.04%)
(As of 10/17/2024 ET)

About Watsco Stock (NYSE:WSO)

Key Stats

Today's Range
$491.97
$504.72
50-Day Range
$448.66
$504.72
52-Week Range
$338.58
$520.41
Volume
228,124 shs
Average Volume
290,057 shs
Market Capitalization
$20.34 billion
P/E Ratio
38.62
Dividend Yield
2.14%
Price Target
$493.75
Consensus Rating
Moderate Buy

Company Overview

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. It also offers parts comprising replacement compressors, evaporator coils, motors, and other component parts; and supplies, such as thermostats, insulation materials, refrigerants, ductworks, grills, registers, sheet metals, tools, copper tubing, concrete pads, tapes, adhesives, and other ancillary supplies, as well as plumbing and bathroom remodeling supplies. The company serves contractors and dealers that service the replacement and new construction markets for residential and light commercial central air conditioning, heating, and refrigeration systems. Watsco, Inc. was incorporated in 1956 and is headquartered in Miami, Florida.

Watsco Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
77th Percentile Overall Score

WSO MarketRank™: 

Watsco scored higher than 77% of companies evaluated by MarketBeat, and ranked 45th out of 102 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Watsco has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Watsco has only been the subject of 2 research reports in the past 90 days.

  • Read more about Watsco's stock forecast and price target.
  • Earnings Growth

    Earnings for Watsco are expected to grow by 12.22% in the coming year, from $13.83 to $15.52 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Watsco is 38.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.47.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Watsco is 38.62, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 29.76.

  • Price to Book Value per Share Ratio

    Watsco has a P/B Ratio of 7.60. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Watsco's valuation and earnings.
  • Percentage of Shares Shorted

    7.67% of the outstanding shares of Watsco have been sold short.
  • Short Interest Ratio / Days to Cover

    Watsco has a short interest ratio ("days to cover") of 12.8, which indicates bearish sentiment.
  • Change versus previous month

    Short interest in Watsco has recently decreased by 2.52%, indicating that investor sentiment is improving.
  • Dividend Yield

    Watsco pays a meaningful dividend of 2.17%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Watsco has been increasing its dividend for 11 years.

  • Dividend Coverage

    The dividend payout ratio of Watsco is 83.08%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, Watsco will have a dividend payout ratio of 69.59% next year. This indicates that Watsco will be able to sustain or increase its dividend.

  • Read more about Watsco's dividend.
  • Percentage of Shares Shorted

    7.67% of the outstanding shares of Watsco have been sold short.
  • Short Interest Ratio / Days to Cover

    Watsco has a short interest ratio ("days to cover") of 12.8, which indicates bearish sentiment.
  • Change versus previous month

    Short interest in Watsco has recently decreased by 2.52%, indicating that investor sentiment is improving.
  • News Sentiment

    Watsco has a news sentiment score of 1.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Construction companies.
  • News Coverage This Week

    MarketBeat has tracked 12 news articles for Watsco this week, compared to 6 articles on an average week.
  • Search Interest

    4 people have searched for WSO on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.
  • MarketBeat Follows

    Only 3 people have added Watsco to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Watsco insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    12.86% of the stock of Watsco is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    89.71% of the stock of Watsco is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Watsco's insider trading history.
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WSO Stock News Headlines

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Brokerages Set Watsco, Inc. (NYSE:WSO) PT at $469.80
Watsco Declares $2.70 Quarterly Dividend
See More Headlines

WSO Stock Analysis - Frequently Asked Questions

Watsco's stock was trading at $428.47 at the beginning of the year. Since then, WSO shares have increased by 17.8% and is now trading at $504.72.
View the best growth stocks for 2024 here
.

Watsco, Inc. (NYSE:WSO) released its quarterly earnings data on Tuesday, July, 30th. The construction company reported $4.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.70 by $0.21. The firm's revenue for the quarter was up 5.0% on a year-over-year basis.

Watsco's top institutional shareholders include Caledonia Investments PLC (0.49%), Swedbank AB (0.43%), Handelsbanken Fonder AB (0.32%) and Baskin Financial Services Inc. (0.17%). Insiders that own company stock include Barry S Logan, John Alexander Macdonald, Cesar L Alvarez and Brian E Keeley.
View institutional ownership trends
.

Shares of WSO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Watsco investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

Ex-Dividend for 7/31 Dividend
7/16/2024
Last Earnings
7/30/2024
Dividend Payable
7/31/2024
Ex-Dividend for 10/31 Dividend
10/16/2024
Today
10/17/2024
Next Earnings (Confirmed)
10/23/2024
Dividend Payable
10/31/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Hardware, & plumbing & heating equipment & supplies
Sub-Industry
Trading Companies & Distributors
CUSIP
94262220
Employees
7,425
Year Founded
1945

Price Target and Rating

Average Stock Price Target
$493.75
High Stock Price Target
$550.00
Low Stock Price Target
$425.00
Potential Upside/Downside
-2.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$536.34 million
Pretax Margin
10.31%

Debt

Sales & Book Value

Annual Sales
$7.43 billion
Cash Flow
$14.73 per share
Book Value
$66.41 per share

Miscellaneous

Free Float
35,151,000
Market Cap
$20.34 billion
Optionable
Optionable
Beta
0.88

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This page (NYSE:WSO) was last updated on 10/17/2024 by MarketBeat.com Staff
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