Comfort Systems USA, Inc. (NYSE:FIX) to Issue Quarterly Dividend of $0.40

Comfort Systems USA, Inc. (NYSE:FIX) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Investors of record on Monday, March 10th will be given a dividend of 0.40 per share by the construction company on Friday, March 21st. This represents a $1.60 annualized dividend and a dividend yield of 0.42%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35.

Comfort Systems USA has raised its dividend by an average of 35.7% per year over the last three years and has raised its dividend every year for the last 12 years. Comfort Systems USA has a dividend payout ratio of 7.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Comfort Systems USA to earn $16.85 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 8.3%.

Comfort Systems USA Stock Performance

FIX traded down $13.57 during midday trading on Thursday, hitting $382.29. 651,268 shares of the company traded hands, compared to its average volume of 507,867. The company’s 50-day moving average is $448.64 and its 200 day moving average is $414.36. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $13.61 billion, a PE ratio of 29.25 and a beta of 1.22. Comfort Systems USA has a 52 week low of $239.80 and a 52 week high of $553.09.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, topping analysts’ consensus estimates of $3.63 by $0.46. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. On average, research analysts expect that Comfort Systems USA will post 13.95 EPS for the current year.

Insider Activity

In other news, COO T Mckenna Trent sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total value of $1,939,240.00. Following the completion of the sale, the chief operating officer now directly owns 23,990 shares of the company’s stock, valued at $11,630,591.90. This trade represents a 14.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FIX. Northcoast Research began 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. UBS Group raised their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, February 15th. Finally, Stifel Nicolaus upped their price target on shares of Comfort Systems USA from $524.00 to $577.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Comfort Systems USA presently has an average rating of “Buy” and a consensus target price of $506.75.

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.