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

Key Points

• Comfort Systems USA reached a new 52-week high of $853.69, with a current trading price of $851.35, indicating strong market performance.
• Recent analyst reports show a consensus rating of "Moderate Buy" for Comfort Systems USA, with six analysts recommending a buy.
• The company increased its quarterly dividend from $0.45 to $0.50 per share, reflecting positive financial performance and a commitment to returning value to shareholders.

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as $853.69 and last traded at $851.35, with a volume of 33242 shares changing hands. The stock had previously closed at $834.70.

Analyst Upgrades and Downgrades

FIX has been the topic of a number of recent analyst reports. Northcoast Research cut shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. William Blair began coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They set an "outperform" rating on the stock. DA Davidson increased their price target on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Weiss Ratings reissued a "buy (b)" rating on shares of Comfort Systems USA in a research report on Wednesday. Finally, Stifel Nicolaus increased their price target on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Comfort Systems USA has a consensus rating of "Moderate Buy" and a consensus target price of $668.60.

Comfort Systems USA Trading Up 1.4%

The business's 50-day moving average is $744.60 and its two-hundred day moving average is $559.68. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13. The stock has a market capitalization of $29.87 billion, a PE ratio of 43.99 and a beta of 1.58.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The firm had revenue of $713.90 million for the quarter. As a group, equities research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed 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 yield of 0.2%. Comfort Systems USA's payout ratio is 10.28%.

Insider Transactions at Comfort Systems USA

In related news, insider Brian E. Lane sold 10,000 shares of Comfort Systems USA stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $691.74, for a total value of $6,917,400.00. Following the transaction, the insider directly owned 188,046 shares in the company, valued at $130,078,940.04. This trade represents a 5.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO T Mckenna Trent sold 4,400 shares of the business's stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $716.63, for a total transaction of $3,153,172.00. Following the sale, the chief operating officer owned 21,639 shares in the company, valued at $15,507,156.57. The trade was a 16.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,783 shares of company stock worth $18,710,798 over the last quarter. 1.59% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Comfort Systems USA

Institutional investors have recently made changes to their positions in the stock. Toth Financial Advisory Corp purchased a new stake in shares of Comfort Systems USA during the 3rd quarter worth $25,000. Tradewinds Capital Management LLC boosted its position in shares of Comfort Systems USA by 49.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock worth $26,000 after purchasing an additional 27 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Comfort Systems USA during the 2nd quarter worth $27,000. Stone House Investment Management LLC purchased a new stake in shares of Comfort Systems USA during the 1st quarter worth $31,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of Comfort Systems USA by 54.4% during the 1st 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 in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.