LaFleur & Godfrey LLC boosted its position in shares of Watsco, Inc.
A number of institutional investors have recently bought and sold shares of WSO.
The company is now down by -0.22 percent from yesterday's close.
According to Zacks, "Watsco's top and bottom lines registered year-over-year growth in second-quarter 2017". Watsco is anticipated to benefit in the third quarter from the Russell Sigler acquisition.
Wall Street brokerages expect that Watsco, Inc. The company is likely to benefit from the expansion of its product offerings, as well as logistical and productivity improvements. Morgan Stanley restated an "underweight" rating and issued a $141.00 target price (up previously from $139.00) on shares of Watsco in a research report on Wednesday, July 26th. Zacks Investment Research downgraded shares of Watsco from a "hold" rating to a "sell" rating in a research report on Tuesday, April 18th. Watsco presently has a consensus rating of "Hold" and a consensus price target of $163.20. Finally, Wolfe Research assumed coverage on shares of Watsco in a research report on Tuesday, July 11th. They issued a "market perform" rating on the stock. Stifel Nicolaus lifted their target price on Watsco from $152.00 to $163.00 and gave the company a "buy" rating in a research note on Wednesday, April 26th.
Watsco (NYSE:WSO) traded down 0.44% during trading on Tuesday, reaching $147.06. Public Employees Retirement Association of Colorado now owns 952 shares of the construction company's stock valued at $147,000 after buying an additional 129 shares during the last quarter.
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The company now has a P/E ratio of 27.33 and the market value is 4.83B. The company has a 50-day moving average price of $151.96 and a 200-day moving average price of $147.09.
Watsco Inc has PE ratio of 27.24 with a one year low of $128.60 and a one year high of $159.55 and has a market cap of $0.
Watsco (NYSE:WSO) last issued its earnings results on Tuesday, April 25th. The construction company reported $2.07 EPS for the quarter, beating the consensus estimate of $2.02 by $0.05, MarketWatch Earnings reports. Watsco had a return on equity of 13.81% and a net margin of 4.13%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter previous year, the business posted $1.82 earnings per share. Watsco's quarterly revenue was up 5.1% compared to the same quarter past year. On average, equities research analysts predict that Watsco, Inc. will post $5.78 EPS for the current year.
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The following firms have also recently changed their position in WSO. Teachers Retirement System of The State of Kentucky increased its stake in shares of Watsco by 12.9% in the second quarter. The institutional investor owned 83,033 shares of the construction company's stock after selling 900 shares during the period. BlackRock Inc. increased its position in Watsco by 5,677.9% in the first quarter. Wedbush Securities Inc. now owns 6,870 shares of the construction company's stock worth $984,000 after buying an additional 33 shares in the last quarter. Finally, Glen Harbor Capital Management LLC increased its stake in Watsco by 9.1% in the first quarter. Bank of Montreal Can now owns 2,867 shares of the construction company's stock worth $442,000 after buying an additional 22 shares in the last quarter. Bath Savings Trust Co acquired a new position in Watsco during the first quarter worth about $1,756,000. FMR LLC now owns 924,472 shares of the construction company's stock valued at $132,366,000 after buying an additional 47,626 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,174 shares of the construction company's stock valued at $168,000 after buying an additional 343 shares during the period.
Watsco, Inc is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the HVAC/R distribution industry in North America.