Watsco (NYSE:WSO) Now Covered by Analysts at Morgan Stanley

Research analysts at Morgan Stanley began coverage on shares of Watsco (NYSE:WSO - Get Free Report) in a research note issued to investors on Monday, Marketbeat reports. The firm set an "equal weight" rating and a $515.00 price target on the construction company's stock. Morgan Stanley's target price suggests a potential upside of 1.45% from the company's current price.

Several other research firms have also weighed in on WSO. Raymond James started coverage on Watsco in a research note on Friday, January 17th. They issued a "market perform" rating on the stock. Loop Capital lifted their price target on shares of Watsco from $450.00 to $460.00 and gave the company a "hold" rating in a report on Thursday, February 27th. Finally, Robert W. Baird increased their price objective on shares of Watsco from $540.00 to $560.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $492.00.

Watsco Trading Up 2.0 %

NYSE WSO traded up $9.94 during midday trading on Monday, hitting $507.62. The company had a trading volume of 272,958 shares, compared to its average volume of 254,293. The company has a market capitalization of $20.51 billion, a PE ratio of 38.31 and a beta of 1.00. The firm has a 50-day moving average price of $500.71 and a 200-day moving average price of $499.31. Watsco has a twelve month low of $396.82 and a twelve month high of $571.42.

Watsco (NYSE:WSO - Get Free Report) last released its earnings results on Tuesday, February 18th. The construction company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.13 by $0.24. Watsco had a net margin of 7.04% and a return on equity of 17.59%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.67 billion. On average, equities analysts anticipate that Watsco will post 14.62 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Opal Wealth Advisors LLC acquired a new stake in shares of Watsco in the 1st quarter worth about $25,000. Manitou Investment Management Ltd. purchased a new stake in shares of Watsco in the first quarter worth approximately $25,000. City Holding Co. bought a new position in shares of Watsco in the first quarter valued at approximately $29,000. Rialto Wealth Management LLC purchased a new position in shares of Watsco during the fourth quarter valued at approximately $31,000. Finally, ST Germain D J Co. Inc. grew its holdings in Watsco by 260.0% during the first quarter. ST Germain D J Co. Inc. now owns 72 shares of the construction company's stock worth $37,000 after buying an additional 52 shares in the last quarter. Institutional investors and hedge funds own 89.71% of the company's stock.

Watsco Company Profile

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.