Watsco (NYSE:WSO.B) Shares Gap Down – Should You Sell?

Watsco Inc (NYSE:WSO.B)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $535.00, but opened at $475.15. Watsco shares last traded at $497.05, with a volume of 401 shares.

Watsco Price Performance

The company has a fifty day moving average price of $517.48 and a 200 day moving average price of $495.31. The stock has a market cap of $19.92 billion, a P/E ratio of 38.12 and a beta of 0.61.

Watsco (NYSE:WSO.B) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $4.22 earnings per share (EPS) for the quarter. Watsco had a net margin of 6.99% and a return on equity of 17.77%. The firm had revenue of $2.16 billion during the quarter.

Watsco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a $2.70 dividend. This represents a $10.80 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Friday, January 17th. Watsco’s payout ratio is currently 83.46%.

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.