GAMMA Investing LLC Buys New Holdings in Watsco, Inc. (NYSE:WSO)

GAMMA Investing LLC purchased a new position in shares of Watsco, Inc. (NYSE:WSO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 246 shares of the construction company’s stock, valued at approximately $96,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wetzel Investment Advisors Inc. acquired a new stake in Watsco during the fourth quarter worth approximately $25,000. Contravisory Investment Management Inc. acquired a new stake in Watsco during the 4th quarter worth approximately $26,000. Rise Advisors LLC acquired a new stake in Watsco during the 4th quarter worth approximately $30,000. BKM Wealth Management LLC bought a new stake in Watsco in the 4th quarter valued at $32,000. Finally, Hartford Financial Management Inc. grew its holdings in Watsco by 53.1% in the 4th quarter. Hartford Financial Management Inc. now owns 75 shares of the construction company’s stock valued at $32,000 after buying an additional 26 shares in the last quarter. Institutional investors own 89.71% of the company’s stock.

Analyst Ratings Changes

WSO has been the subject of a number of recent research reports. Stephens reissued an “overweight” rating and issued a $500.00 target price on shares of Watsco in a research report on Thursday. Robert W. Baird boosted their price objective on shares of Watsco from $420.00 to $460.00 and gave the company an “outperform” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Watsco currently has a consensus rating of “Hold” and an average price target of $404.25.

Watsco Trading Down 0.2 %

WSO opened at $443.21 on Monday. The company has a 50-day simple moving average of $412.36 and a 200 day simple moving average of $399.74. Watsco, Inc. has a twelve month low of $315.17 and a twelve month high of $451.29. The company has a quick ratio of 1.31, a current ratio of 2.92 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $17.51 billion, a price-to-earnings ratio of 34.09 and a beta of 0.89.

Watsco (NYSE:WSO) last announced its quarterly earnings data on Wednesday, April 24th. The construction company reported $2.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.09). Watsco had a net margin of 7.03% and a return on equity of 19.26%. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period last year, the business earned $2.83 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. Analysts predict that Watsco, Inc. will post 14.25 EPS for the current fiscal year.

Watsco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be issued a dividend of $2.70 per share. The ex-dividend date is Friday, April 12th. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.44%. This is a boost from Watsco’s previous quarterly dividend of $2.45. Watsco’s payout ratio is 83.08%.

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.