Northcoast Research Initiates Coverage on Comfort Systems USA (NYSE:FIX)

Northcoast Research started coverage on shares of Comfort Systems USA (NYSE:FIX) in a report issued on Friday, MarketBeat reports. The brokerage issued a buy rating and a $525.00 target price on the construction company’s stock.

A number of other equities analysts have also weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Comfort Systems USA in a research report on Friday, November 15th. They set a “buy” rating and a $524.00 price target on the stock. UBS Group upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $396.00 to $525.00 in a research report on Tuesday, November 19th. Finally, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Comfort Systems USA currently has an average rating of “Moderate Buy” and a consensus price target of $481.00.

Comfort Systems USA Stock Performance

Shares of NYSE FIX opened at $495.13 on Friday. The company’s fifty day moving average price is $416.37 and its 200 day moving average price is $354.66. Comfort Systems USA has a 1 year low of $185.83 and a 1 year high of $500.38. The company has a market capitalization of $17.62 billion, a PE ratio of 37.88 and a beta of 1.13. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.97 by $0.12. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the business earned $2.74 earnings per share. The company’s revenue for the quarter was up 31.5% compared to the same quarter last year. On average, research analysts predict that Comfort Systems USA will post 13.95 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.28%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, November 14th. Comfort Systems USA’s payout ratio is 10.71%.

Insider Activity

In related news, COO T Mckenna Trent sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the sale, the chief operating officer now directly owns 23,990 shares of the company’s stock, valued at $11,630,591.90. This represents a 14.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Vance W. Tang sold 2,700 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $390.00, for a total transaction of $1,053,000.00. Following the sale, the director now directly owns 5,498 shares in the company, valued at approximately $2,144,220. The trade was a 32.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,200 shares of company stock valued at $15,431,250. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Comfort Systems USA

Several large investors have recently added to or reduced their stakes in FIX. Hollencrest Capital Management purchased a new stake in Comfort Systems USA during the 3rd quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Comfort Systems USA during the 3rd quarter worth approximately $38,000. Opal Wealth Advisors LLC acquired a new position in Comfort Systems USA during the 2nd quarter worth approximately $41,000. V Square Quantitative Management LLC grew its holdings in Comfort Systems USA by 59.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after acquiring an additional 47 shares in the last quarter. Finally, True Wealth Design LLC acquired a new position in Comfort Systems USA during the 3rd quarter worth approximately $53,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

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.