Comfort Systems USA (NYSE:FIX) Hits New 12-Month High on Strong Earnings

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) shares reached a new 52-week high during trading on Thursday following a stronger than expected earnings report. The stock traded as high as $559.99 and last traded at $552.28, with a volume of 154619 shares traded. The stock had previously closed at $547.91.

The construction company reported $6.53 EPS for the quarter, beating the consensus estimate of $4.68 by $1.85. Comfort Systems USA had a return on equity of 36.35% and a net margin of 8.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. DA Davidson raised their price objective on Comfort Systems USA from $465.00 to $630.00 and gave the stock a "buy" rating in a research note on Monday, June 30th. Wall Street Zen lowered Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Finally, Stifel Nicolaus increased their target price on Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $572.60.

Insider Buying and Selling at Comfort Systems USA

In related news, Director Pablo G. Mercado sold 1,800 shares of Comfort Systems USA stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $436.10, for a total transaction of $784,980.00. Following the sale, the director directly owned 7,236 shares of the company's stock, valued at $3,155,619.60. This trade represents a 19.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Darcy Anderson sold 8,000 shares of Comfort Systems USA stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $506.82, for a total value of $4,054,560.00. Following the sale, the director directly owned 26,535 shares in the company, valued at approximately $13,448,468.70. This trade represents a 23.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,800 shares of company stock valued at $18,696,795 over the last quarter. Company insiders own 1.59% of the company's stock.

Institutional Investors Weigh In On Comfort Systems USA

Institutional investors have recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Comfort Systems USA by 13.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,556 shares of the construction company's stock valued at $824,000 after purchasing an additional 296 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Comfort Systems USA by 27.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,102 shares of the construction company's stock worth $364,000 after acquiring an additional 239 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Comfort Systems USA by 97.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the construction company's stock worth $2,377,000 after acquiring an additional 3,644 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in shares of Comfort Systems USA by 256.0% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 2,040 shares of the construction company's stock worth $658,000 after acquiring an additional 1,467 shares in the last quarter. Finally, Spire Wealth Management boosted its holdings in shares of Comfort Systems USA by 9.8% in the 1st quarter. Spire Wealth Management now owns 1,005 shares of the construction company's stock worth $324,000 after acquiring an additional 90 shares in the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Stock Up 2.8%

The firm has a market capitalization of $19.87 billion, a price-to-earnings ratio of 33.78 and a beta of 1.51. The company has a current ratio of 1.08, a quick ratio of 1.05 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average price of $508.34 and a 200 day moving average price of $433.49.

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.

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