Comfort Systems USA, Inc. (NYSE:FIX) Given Consensus Recommendation of “Moderate Buy” by Analysts

Comfort Systems USA, Inc. (NYSE:FIX) has been assigned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $481.00.

A number of research firms have recently weighed in on FIX. Northcoast Research started coverage on Comfort Systems USA in a report on Friday, November 22nd. They issued a “buy” rating and a $525.00 target price on the stock. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. Stifel Nicolaus assumed coverage on shares of Comfort Systems USA in a research note on Friday, November 15th. They issued a “buy” rating and a $524.00 target price for the company. Finally, UBS Group raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and raised their price target for the company from $396.00 to $525.00 in a research report on Tuesday, November 19th.

Comfort Systems USA Stock Performance

FIX opened at $486.65 on Friday. Comfort Systems USA has a 1-year low of $185.83 and a 1-year high of $510.79. The company has a market cap of $17.32 billion, a price-to-earnings ratio of 37.23 and a beta of 1.13. The company’s fifty day moving average price is $424.04 and its two-hundred day moving average price is $357.60. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

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

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend was Thursday, November 14th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s dividend payout ratio is 10.71%.

Insider Activity

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the completion of the transaction, the insider now directly owns 204,205 shares of the company’s stock, valued at approximately $91,663,540.40. This represents a 6.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Vance W. Tang sold 2,700 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $390.00, for a total value of $1,053,000.00. Following the completion of the sale, the director now 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. Insiders sold a total of 36,200 shares of company stock valued at $15,431,250 in the last ninety days. 1.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Comfort Systems USA

Large investors have recently added to or reduced their stakes in the company. Hollencrest Capital Management bought a new position in Comfort Systems USA during the third quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Comfort Systems USA during the 3rd quarter valued at approximately $38,000. V Square Quantitative Management LLC boosted its holdings in Comfort Systems USA by 59.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after buying an additional 47 shares during the period. Opal Wealth Advisors LLC purchased a new position in Comfort Systems USA in the 2nd quarter valued at approximately $41,000. Finally, True Wealth Design LLC bought a new stake in Comfort Systems USA during the 3rd quarter valued at $53,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Company Profile

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.