Comfort Systems USA (NYSE:FIX) Sets New 52-Week High - Here's Why

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $555.25 and last traded at $548.40, with a volume of 43847 shares traded. The stock had previously closed at $546.63.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. DA Davidson increased their target price on shares of Comfort Systems USA from $465.00 to $630.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. Stifel Nicolaus increased their target price 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. Finally, Wall Street Zen cut shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Comfort Systems USA currently has an average rating of "Moderate Buy" and a consensus target price of $572.60.

Comfort Systems USA Stock Up 0.9%

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.05 and a current ratio of 1.08. The stock has a market cap of $19.59 billion, a price-to-earnings ratio of 33.31 and a beta of 1.51. The firm's 50-day simple moving average is $501.17 and its two-hundred day simple moving average is $430.36.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $3.66 by $1.09. The firm had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.77 billion. Comfort Systems USA had a net margin of 8.13% and a return on equity of 36.35%. The company's quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.69 EPS. On average, sell-side analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend was Friday, May 16th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's dividend payout ratio (DPR) is 10.80%.

Insider Buying and Selling

In other news, CFO William George III sold 12,500 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $470.11, for a total value of $5,876,375.00. Following the transaction, the chief financial officer owned 47,473 shares of the company's stock, valued at approximately $22,317,532.03. This trade represents a 20.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Pablo G. Mercado sold 1,800 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $436.10, for a total transaction of $784,980.00. Following the completion of the transaction, the director directly owned 7,236 shares in the company, valued at $3,155,619.60. This trade represents a 19.92% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,800 shares of company stock worth $18,696,795. 1.59% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FIX. Jones Financial Companies Lllp boosted its stake in shares of Comfort Systems USA by 2,872,410.3% in the 1st quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company's stock valued at $268,510,000 after purchasing an additional 832,999 shares during the last quarter. Norges Bank bought a new position in Comfort Systems USA during the 4th quarter worth approximately $196,154,000. AQR Capital Management LLC boosted its stake in Comfort Systems USA by 106.4% during the 1st quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company's stock worth $165,228,000 after acquiring an additional 273,453 shares during the last quarter. GAMMA Investing LLC boosted its stake in Comfort Systems USA by 39,575.2% during the 1st quarter. GAMMA Investing LLC now owns 254,318 shares of the construction company's stock worth $81,974,000 after acquiring an additional 253,677 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Comfort Systems USA by 191.2% during the 4th quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company's stock worth $161,523,000 after acquiring an additional 250,085 shares during the last quarter. Institutional investors 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.