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

Key Points

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FIX. UBS Group lifted their price objective on Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Stifel Nicolaus lifted 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. Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. DA Davidson lifted 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. Finally, Northcoast Research lowered Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $635.60.

Comfort Systems USA Price Performance

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 firm has a market cap of $24.72 billion, a P/E ratio of 36.01 and a beta of 1.49. The company has a 50-day moving average of $537.48 and a 200 day moving average of $443.66.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, topping the consensus estimate of $4.84 by $1.69. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate 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 revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the company earned $3.74 EPS. On average, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Thursday, August 14th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.3%. The ex-dividend date is Thursday, August 14th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. Comfort Systems USA's dividend payout ratio is presently 9.25%.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Darcy Anderson sold 8,000 shares of Comfort Systems USA stock in a transaction on Friday, June 6th. The stock was sold at an average price of $506.82, for a total value of $4,054,560.00. Following the completion of the transaction, the director owned 26,535 shares in the company, valued at approximately $13,448,468.70. The trade was a 23.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO T Mckenna Trent sold 4,400 shares of Comfort Systems USA stock in a transaction 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 completion of the transaction, the chief operating officer owned 21,639 shares of the company's stock, valued at approximately $15,507,156.57. The trade was a 16.90% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,900 shares of company stock worth $20,853,987. 1.59% of the stock is owned by company insiders.

Institutional Investors Weigh In On Comfort Systems USA

A number of institutional investors and hedge funds have recently made changes to their positions in FIX. Jones Financial Companies Lllp raised its position in shares of Comfort Systems USA by 2,872,410.3% during the first quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company's stock worth $268,510,000 after acquiring an additional 832,999 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Comfort Systems USA by 106.4% during the first 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 raised its position in shares of Comfort Systems USA by 39,575.2% during the first 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. Jacobs Levy Equity Management Inc. raised its position in shares of Comfort Systems USA by 299.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 319,813 shares of the construction company's stock worth $103,085,000 after acquiring an additional 239,692 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Comfort Systems USA during the first quarter worth $74,634,000. 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.