Comfort Systems USA, Inc. (NYSE:FIX) Stock Rated "Buy" by Wall Street Analysts

Key Points

• Analysts maintain a “Buy” consensus on Comfort Systems USA, with eight buy ratings, one strong buy, and one hold among 10 brokerages. The average 12-month price target is $2,082.86, including Goldman Sachs’ $2,159 target and KeyCorp’s raised target of $2,110.
• The company significantly exceeded quarterly expectations, reporting $12.53 in EPS versus the $10.45 consensus and $3.27 billion in revenue, up 50.3% year over year.
• Comfort Systems USA increased its quarterly dividend to $0.90 per share from $0.80, equivalent to a $3.60 annualized payout and a 0.2% yield. Insiders sold approximately $43.2 million of stock over the past three months.

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) has been given a consensus rating of "Buy" by the ten brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $2,082.86.

A number of analysts recently weighed in on the stock. KeyCorp upped their price target on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an "overweight" rating in a research report on Monday, July 27th. Erste Group Bank cut Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Wednesday, July 15th. UBS Group reaffirmed a "buy" rating on shares of Comfort Systems USA in a research report on Tuesday, September 15th. The Goldman Sachs Group initiated coverage on Comfort Systems USA in a report on Thursday, July 9th. They set a "buy" rating and a $2,159.00 target price on the stock. Finally, Weiss Ratings lowered shares of Comfort Systems USA from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, September 11th.

Comfort Systems USA Trading Up 0.0%

Shares of FIX stock opened at $1,728.51 on Monday. The stock has a market cap of $60.83 billion, a price-to-earnings ratio of 42.51 and a beta of 1.66. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. Comfort Systems USA has a fifty-two week low of $770.47 and a fifty-two week high of $2,073.99. The firm's 50 day moving average price is $1,654.28 and its two-hundred day moving average price is $1,714.92.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The company had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the business earned $6.53 earnings per share. The business's quarterly revenue was up 50.3% compared to the same quarter last year. On average, analysts anticipate that Comfort Systems USA will post 48.15 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Thursday, August 13th were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, August 13th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.80. Comfort Systems USA's dividend payout ratio (DPR) is 8.85%.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 16,024 shares of the business's stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $1,608.21, for a total value of $25,769,957.04. Following the transaction, the insider owned 145,065 shares in the company, valued at $233,294,983.65. The trade was a 9.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Franklin Myers sold 4,000 shares of the company's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the completion of the transaction, the director directly owned 8,495 shares of the company's stock, valued at approximately $14,389,850.40. The trade was a 32.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 26,078 shares of company stock valued at $43,211,828. Corporate insiders own 1.24% of the company's stock.

Institutional Trading of Comfort Systems USA

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp acquired a new stake in Comfort Systems USA during the 2nd quarter valued at approximately $26,000. Avalon Trust Co acquired a new position in shares of Comfort Systems USA in the 2nd quarter valued at approximately $32,000. Field & Main Bank acquired a new position in shares of Comfort Systems USA in the 2nd quarter valued at approximately $32,000. Carolina Wealth Advisors LLC boosted its stake in shares of Comfort Systems USA by 63.6% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company's stock valued at $36,000 after buying an additional 7 shares during the last quarter. Finally, JNBA Financial Advisors purchased a new position in shares of Comfort Systems USA during the 2nd quarter valued at approximately $42,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

About Comfort Systems USA

Comfort Systems USA, Inc NYSE: FIX provides mechanical, electrical, and other contracting services for commercial, industrial, and institutional customers. Its work supports the construction, renovation, and ongoing operation of facilities such as office buildings, hospitals, schools, data centers, manufacturing plants, and other complex infrastructure.

The company's services include heating, ventilation, and air conditioning; plumbing and piping; electrical contracting; building automation and controls; and related specialty services.

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