DA Davidson Raises Comfort Systems USA (NYSE:FIX) Price Target to $114.00

Comfort Systems USA (NYSE:FIXGet Rating) had its price target lifted by DA Davidson from $100.00 to $114.00 in a report issued on Friday, The Fly reports. DA Davidson also issued estimates for Comfort Systems USA’s FY2023 earnings at $6.20 EPS.

Separately, StockNews.com upgraded Comfort Systems USA from a buy rating to a strong-buy rating in a report on Thursday, July 28th.

Comfort Systems USA Trading Down 0.2 %

Shares of FIX stock opened at $105.43 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.25 and a current ratio of 1.28. The firm has a market capitalization of $3.79 billion, a PE ratio of 17.93 and a beta of 1.23. The stock has a fifty day moving average of $87.22 and a two-hundred day moving average of $87.49. Comfort Systems USA has a 1 year low of $67.91 and a 1 year high of $106.79.

Comfort Systems USA (NYSE:FIXGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The construction company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.14. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $914.17 million. Comfort Systems USA had a return on equity of 18.99% and a net margin of 5.93%. The company’s revenue was up 42.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.90 earnings per share. As a group, research analysts expect that Comfort Systems USA will post 5.51 EPS for the current year.

Comfort Systems USA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 29th. Stockholders of record on Thursday, August 18th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Wednesday, August 17th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 9.52%.

Insider Transactions at Comfort Systems USA

In other news, Director Vance W. Tang sold 1,844 shares of the business’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $92.34, for a total transaction of $170,274.96. Following the sale, the director now directly owns 28,797 shares of the company’s stock, valued at $2,659,114.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Vance W. Tang sold 1,844 shares of the company’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $92.34, for a total transaction of $170,274.96. Following the transaction, the director now directly owns 28,797 shares of the company’s stock, valued at $2,659,114.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Pablo G. Mercado sold 2,475 shares of the company’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $101.43, for a total value of $251,039.25. Following the transaction, the director now directly owns 11,998 shares in the company, valued at $1,216,957.14. The disclosure for this sale can be found here. Insiders have sold 4,344 shares of company stock valued at $423,602 over the last three months. Company insiders own 2.48% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Maryland State Retirement & Pension System increased its position in Comfort Systems USA by 0.9% in the 2nd quarter. Maryland State Retirement & Pension System now owns 14,581 shares of the construction company’s stock worth $1,212,000 after purchasing an additional 129 shares during the last quarter. Greenwood Capital Associates LLC increased its position in Comfort Systems USA by 1.1% in the 4th quarter. Greenwood Capital Associates LLC now owns 12,197 shares of the construction company’s stock worth $1,207,000 after purchasing an additional 133 shares during the last quarter. Los Angeles Capital Management LLC increased its position in Comfort Systems USA by 2.5% in the 1st quarter. Los Angeles Capital Management LLC now owns 5,855 shares of the construction company’s stock worth $521,000 after purchasing an additional 145 shares during the last quarter. Pitcairn Co. increased its position in Comfort Systems USA by 2.1% in the 4th quarter. Pitcairn Co. now owns 7,502 shares of the construction company’s stock worth $742,000 after purchasing an additional 154 shares during the last quarter. Finally, M&T Bank Corp increased its position in Comfort Systems USA by 3.4% in the 4th quarter. M&T Bank Corp now owns 5,335 shares of the construction company’s stock worth $528,000 after purchasing an additional 176 shares during the last quarter. 96.09% of the stock is owned by institutional investors and hedge funds.

About Comfort Systems USA

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Comfort Systems USA, Inc provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It engages in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) systems; and renovation, expansion, maintenance, monitoring, repair, and replacement of existing buildings.

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