Comfort Systems USA (NYSE:FIX) Hits New 12-Month High - Should You Buy?

Key Points

• Comfort Systems USA (NYSE:FIX) reached a new 52-week high of $827.97 during trading, with a last traded price of $826.72.
• Analyst upgrades have been significant, with UBS raising the target price from $710 to $875 and other firms also issuing buy ratings.
• The company recently declared a quarterly dividend increase to $0.50 from $0.45, marking a positive change for investors.

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $827.97 and last traded at $826.72, with a volume of 308274 shares changing hands. The stock had previously closed at $801.80.

Analyst Upgrades and Downgrades

FIX has been the topic of several analyst reports. UBS Group increased their target price on Comfort Systems USA from $710.00 to $875.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. DA Davidson raised their target price on Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Wall Street Zen upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Zacks Research cut Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a research note on Friday. Finally, Stifel Nicolaus raised their target price on Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $668.60.

Comfort Systems USA Price Performance

The firm has a market capitalization of $29.17 billion, a P/E ratio of 42.48 and a beta of 1.54. The business's fifty day moving average is $714.31 and its 200 day moving average is $536.03. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03.

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

Comfort Systems USA Increases Dividend

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

Insider Transactions at Comfort Systems USA

In other news, COO T Mckenna Trent sold 4,400 shares of Comfort Systems USA stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $716.63, for a total value of $3,153,172.00. Following the transaction, the chief operating officer directly owned 21,639 shares of the company's stock, valued at $15,507,156.57. This trade represents a 16.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Pablo G. Mercado sold 1,078 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $695.88, for a total transaction of $750,158.64. Following the completion of the transaction, the director directly owned 6,500 shares of the company's stock, valued at $4,523,220. This represents a 14.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,783 shares of company stock worth $18,710,798 in the last three months. Insiders own 1.59% of the company's stock.

Hedge Funds Weigh In On Comfort Systems USA

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

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.

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