Comfort Systems USA (NYSE:FIX) Reaches New 52-Week High - Should You Buy?

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $2,003.65 and last traded at $1,968.68, with a volume of 448557 shares. The stock had previously closed at $1,891.95.

Analyst Ratings Changes

FIX has been the subject of several recent analyst reports. UBS Group upped their price target on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a "buy" rating in a research note on Monday, April 27th. Wall Street Zen upgraded Comfort Systems USA from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Zacks Research downgraded Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 24th. Stifel Nicolaus upped their price target on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a "buy" rating in a research note on Thursday, April 16th. Finally, DA Davidson upped their price target on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a "buy" rating in a research note on Monday, February 23rd. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,923.20.

Comfort Systems USA Stock Performance

The firm has a 50 day moving average of $1,507.75 and a two-hundred day moving average of $1,199.25. The stock has a market cap of $69.30 billion, a P/E ratio of 56.80 and a beta of 1.70. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, beating the consensus estimate of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the prior year, the company earned $4.75 EPS. The firm's revenue for the quarter was up 56.5% compared to the same quarter last year. On average, research analysts predict that Comfort Systems USA, Inc. will post 43.42 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Friday, May 15th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, May 15th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.70. Comfort Systems USA's dividend payout ratio is currently 8.08%.

Insider Buying and Selling

In other Comfort Systems USA news, Director Darcy Anderson sold 4,500 shares of the firm's stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $1,369.74, for a total value of $6,163,830.00. Following the completion of the sale, the director owned 18,035 shares in the company, valued at approximately $24,703,260.90. This trade represents a 19.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Franklin Myers sold 8,636 shares of the firm's stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $1,472.56, for a total value of $12,717,028.16. Following the completion of the sale, the director owned 73,995 shares of the company's stock, valued at $108,962,077.20. This represents a 10.45% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 39,288 shares of company stock worth $57,165,933. 1.24% of the stock is currently owned by corporate insiders.

Institutional Trading of Comfort Systems USA

Hedge funds have recently modified their holdings of the company. Quent Capital LLC bought a new stake in shares of Comfort Systems USA in the 3rd quarter worth approximately $25,000. Ameriflex Group Inc. lifted its position in shares of Comfort Systems USA by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company's stock worth $25,000 after acquiring an additional 15 shares during the period. Core Wealth Advisors LLC bought a new stake in shares of Comfort Systems USA in the 4th quarter worth approximately $28,000. Eastern Bank bought a new stake in shares of Comfort Systems USA in the 3rd quarter worth approximately $31,000. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Comfort Systems USA in the 4th quarter worth approximately $33,000. Institutional investors own 96.51% of the company's stock.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.

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