Comfort Systems USA (NYSE:FIX) Sets New 52-Week High at $348.00

Comfort Systems USA, Inc. (NYSE:FIX)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $348.00 and last traded at $348.00, with a volume of 480 shares trading hands. The stock had previously closed at $343.63.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. StockNews.com cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Thursday. UBS Group upped their price target on Comfort Systems USA from $208.00 to $254.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Finally, DA Davidson increased their price objective on Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th.

Comfort Systems USA Stock Up 0.2 %

The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.92 and a current ratio of 0.96. The company has a market cap of $12.39 billion, a price-to-earnings ratio of 34.35 and a beta of 1.20. The business’s 50 day simple moving average is $312.83 and its 200-day simple moving average is $244.61.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, April 25th. The construction company reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.43. Comfort Systems USA had a return on equity of 28.65% and a net margin of 6.51%. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the firm earned $1.51 earnings per share. The business’s revenue for the quarter was up 30.8% on a year-over-year basis. Sell-side analysts expect that Comfort Systems USA, Inc. will post 11.9 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 13th will be paid a $0.30 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, May 10th. This represents a $1.20 annualized dividend and a dividend yield of 0.35%. Comfort Systems USA’s payout ratio is presently 11.88%.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 8,429 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $278.95, for a total value of $2,351,269.55. Following the completion of the sale, the chief financial officer now directly owns 62,471 shares of the company’s stock, valued at $17,426,285.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Comfort Systems USA news, CFO William George III sold 8,429 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $278.95, for a total value of $2,351,269.55. Following the completion of the sale, the chief financial officer now owns 62,471 shares of the company’s stock, valued at $17,426,285.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO T Mckenna Trent sold 14,185 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $278.55, for a total value of $3,951,231.75. Following the transaction, the chief operating officer now directly owns 22,644 shares in the company, valued at approximately $6,307,486.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,114 shares of company stock valued at $14,946,495. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FIX. V Square Quantitative Management LLC acquired a new position in shares of Comfort Systems USA during the first quarter worth approximately $25,000. Byrne Asset Management LLC acquired a new stake in Comfort Systems USA during the fourth quarter valued at approximately $26,000. Rise Advisors LLC bought a new stake in shares of Comfort Systems USA in the 1st quarter valued at approximately $44,000. VisionPoint Advisory Group LLC acquired a new position in shares of Comfort Systems USA in the 3rd quarter worth approximately $59,000. Finally, GAMMA Investing LLC bought a new position in shares of Comfort Systems USA during the 4th quarter worth approximately $61,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

About Comfort Systems USA

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.