Comfort Systems USA (NYSE:FIX) Reaches New 1-Year High - Time to Buy?

Key Points

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Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $716.27 and last traded at $714.79, with a volume of 60878 shares changing hands. The stock had previously closed at $702.97.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. UBS Group boosted their price objective on shares of Comfort Systems USA from $545.00 to $710.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Northcoast Research lowered Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. DA Davidson upped their price objective on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Stifel Nicolaus upped their price objective on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Finally, Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $635.60.

Comfort Systems USA Stock Performance

The firm has a fifty day moving average of $537.48 and a 200-day moving average of $444.42. The stock has a market capitalization of $24.56 billion, a price-to-earnings ratio of 35.78 and a beta of 1.49. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03.

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

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.50 per share. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date is Thursday, August 14th. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. Comfort Systems USA's payout ratio is currently 10.28%.

Insider Activity

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the business's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total value of $6,474,900.00. Following the completion of the transaction, the insider directly owned 198,046 shares in the company, valued at approximately $85,488,536.36. The trade was a 7.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO William George III sold 12,500 shares of the business's stock in a transaction on 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 completion of the transaction, the chief financial officer owned 47,473 shares of the company's stock, valued at $22,317,532.03. This trade represents a 20.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,700 shares of company stock worth $21,638,967 in the last quarter. 1.59% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FIX. Tradewinds Capital Management LLC raised its holdings in Comfort Systems USA by 49.1% in the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock valued at $26,000 after acquiring an additional 27 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in Comfort Systems USA in the 2nd quarter valued at $27,000. Stone House Investment Management LLC acquired a new position in Comfort Systems USA in the 1st quarter valued at $31,000. Versant Capital Management Inc boosted its holdings in shares of Comfort Systems USA by 257.1% in the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock valued at $32,000 after purchasing an additional 72 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Comfort Systems USA by 54.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock valued at $34,000 after purchasing an additional 37 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

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.