Comfort Systems USA (NYSE:FIX) Reaches New 1-Year High - Here's What Happened

Key Points

• Comfort Systems USA's stock recently reached a new 52-week high of $812.33, reflecting strong trading activity with a volume of nearly 92,337 shares.
• Analyst ratings vary, with one analyst giving a Strong Buy rating, five analysts recommending a Buy, and a consensus price target of $668.60.
• The company reported a robust 20.1% year-over-year revenue increase in its latest earnings, totaling $2.17 billion, and posted earnings per share (EPS) of $6.53.

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $809.94 and last traded at $812.33, with a volume of 92337 shares traded. The stock had previously closed at $797.71.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. William Blair started coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They set an "outperform" rating on the stock. Northcoast Research lowered shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. Finally, UBS Group boosted their price target on shares of Comfort Systems USA from $710.00 to $875.00 and gave the company a "buy" rating in a research note on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $668.60.

Comfort Systems USA Stock Down 1.9%

The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. The company has a market cap of $28.45 billion, a PE ratio of 41.57 and a beta of 1.54. The company's 50 day moving average is $689.37 and its 200 day moving average is $519.66.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.84 by $1.69. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.97 billion. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The company's quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.74 EPS. As a group, analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, August 14th. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA's dividend payout ratio is 10.28%.

Insider Activity at Comfort Systems USA

In other news, Director William J. Sandbrook sold 800 shares of Comfort Systems USA stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $733.56, for a total transaction of $586,848.00. Following the completion of the transaction, the director owned 11,666 shares of the company's stock, valued at $8,557,710.96. The trade was a 6.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Julie Shaeff sold 1,369 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $704.50, for a total transaction of $964,460.50. Following the completion of the sale, the chief accounting officer directly owned 16,023 shares of the company's stock, valued at $11,288,203.50. This trade represents a 7.87% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,783 shares of company stock worth $18,710,798. 1.59% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FIX. Ameritas Advisory Services LLC acquired a new stake in Comfort Systems USA in the 2nd quarter valued at approximately $27,000. Tradewinds Capital Management LLC grew its stake in shares of Comfort Systems USA by 49.1% during the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock worth $26,000 after purchasing an additional 27 shares during the period. Stone House Investment Management LLC acquired a new stake in shares of Comfort Systems USA during the first quarter worth $31,000. Versant Capital Management Inc grew its stake in shares of Comfort Systems USA by 257.1% during the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock worth $32,000 after purchasing an additional 72 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of Comfort Systems USA by 54.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock worth $34,000 after purchasing an additional 37 shares during the period. 96.51% of the stock is owned by 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.