Watsco Inc (NYSE: WSO) is 4.72% higher on its value in year-to-date trading and has touched a low of $373.33 and a high of $571.41 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WSO stock was last observed hovering at around $491.10 in the last trading session, with the day’s gains setting it 5.18%.
Currently trading at $496.28, the stock is 3.50% and -2.68% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.2 million and changing 1.05% at the moment leaves the stock 3.02% off its SMA200. WSO registered 26.43% gain for a year compared to 6-month gain of 0.28%. The firm has a 50-day simple moving average (SMA 50) of $509.9216 and a 200-day simple moving average (SMA200) of $481.73526.
The stock witnessed a -2.64% loss in the last 1 month and extending the period to 3 months gives it a 0.34%, and is 6.99% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.72% over the week and 2.31% over the month.
Watsco Inc (WSO) has around 7425 employees, a market worth around $20.04B and $7.47B in sales. Current P/E ratio is 38.70 and Fwd P/E is 33.99. Profit margin for the company is 6.49%. Distance from 52-week low is 32.93% and -13.15% from its 52-week high. The company has generated returns on investments over the last 12 months (16.07%).
with sales reaching $1.67B over the same period.The EPS is expected to shrink by -4.52% this year, but quarterly earnings will post 3.36% year-over-year. Quarterly sales are estimated to grow 3.87% in year-over-year returns.
Watsco Inc (WSO) Top Institutional Holders
1049.0 institutions hold shares in Watsco Inc (WSO), with institutional investors hold 107.09% of the company’s shares. The shares outstanding are 40.38M, and float is at 34.69M with Short Float at 6.82%. Institutions hold 106.67% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 3.76 million shares valued at $1.74 billion. The investor’s holdings represent 10.2% of the WSO Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.48 million shares valued at $1.61 billion to account for 9.4443 of the shares outstanding. The other top investors are FMR LLC which holds 3.28 million shares representing 8.8885% and valued at over $1.52 billion, while KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC holds 4.1674 of the shares totaling 1.54 million with a market value of $711.89 million.
Watsco Inc (WSO) Insider Activity
The most recent transaction is an insider sale by LOGAN BARRY S, the company’s Executive Vice President. SEC filings show that LOGAN BARRY S sold 10,998 shares of the company’s common stock on Dec 18 ’24 at a price of $508.21 per share for a total of $5.59 million. Following the sale, the insider now owns 0.0 shares.
Still, SEC filings show that on May 10 ’24, LOGAN BARRY S (Executive Vice President) disposed off 774 shares at an average price of $473.85 for $0.37 million. The insider now directly holds 1,770 shares of Watsco Inc (WSO).
