Comfort Systems USA (NYSE:FIX) Reaches New 12-Month High – Here’s Why

Comfort Systems USA, Inc. (NYSE:FIX) hit a new 52-week high on Friday . The stock traded as high as $413.08 and last traded at $411.40, with a volume of 23743 shares changing hands. The stock had previously closed at $407.29.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday.

Comfort Systems USA Stock Up 2.1 %

The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.97 and a current ratio of 1.00. The company has a market cap of $14.85 billion, a price-to-earnings ratio of 41.16 and a beta of 1.13. The stock’s fifty day moving average is $352.29 and its two-hundred day moving average is $328.78.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, July 25th. The construction company reported $3.74 earnings per share for the quarter, topping analysts’ consensus estimates of $3.14 by $0.60. Comfort Systems USA had a net margin of 7.02% and a return on equity of 31.49%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the prior year, the business posted $1.93 EPS. The firm’s revenue was up 39.6% compared to the same quarter last year. Sell-side analysts predict that Comfort Systems USA, Inc. will post 13.79 earnings per share for the current fiscal year.

Comfort Systems USA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were issued a $0.30 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.29%. Comfort Systems USA’s dividend payout ratio is presently 11.88%.

Insiders Place Their Bets

In other news, Director Darcy Anderson sold 3,546 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $336.19, for a total transaction of $1,192,129.74. Following the completion of the transaction, the director now directly owns 37,193 shares of the company’s stock, valued at $12,503,914.67. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Darcy Anderson sold 3,546 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $336.19, for a total value of $1,192,129.74. Following the completion of the transaction, the director now directly owns 37,193 shares of the company’s stock, valued at approximately $12,503,914.67. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO William George III sold 5,845 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $332.16, for a total transaction of $1,941,475.20. Following the completion of the sale, the chief financial officer now owns 55,099 shares in the company, valued at $18,301,683.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,391 shares of company stock valued at $8,076,855. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Comfort Systems USA

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Comfort Systems USA in the 3rd quarter worth $38,000. Opal Wealth Advisors LLC purchased a new position in Comfort Systems USA in the 2nd quarter worth $41,000. Rise Advisors LLC purchased a new position in Comfort Systems USA in the 1st quarter worth $44,000. Contravisory Investment Management Inc. grew its holdings in Comfort Systems USA by 126.9% in the 3rd quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock worth $59,000 after acquiring an additional 85 shares during the last quarter. Finally, National Bank of Canada FI grew its holdings in Comfort Systems USA by 236.5% in the 2nd quarter. National Bank of Canada FI now owns 212 shares of the construction company’s stock worth $62,000 after acquiring an additional 149 shares during the last quarter. Hedge funds and other institutional investors 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.