Comfort Systems USA, Inc. (NYSE:FIX) Shares Bought by Thompson Davis & CO. Inc.

Key Points

• Thompson Davis & CO. Inc. increased its stake in Comfort Systems USA by 69.1% in Q1, now holding 1,674 shares valued at approximately $540,000.
• The company reported $6.53 earnings per share in its latest quarter, significantly surpassing analysts' expectations of $4.84, with revenue rising 20.1% year-over-year.
• Comfort Systems USA announced a dividend increase to $0.50 per share, reflecting a 9.25% payout ratio, with the next payment scheduled for August 25th.

Thompson Davis & CO. Inc. raised its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 69.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,674 shares of the construction company's stock after purchasing an additional 684 shares during the period. Thompson Davis & CO. Inc.'s holdings in Comfort Systems USA were worth $540,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Tradewinds Capital Management LLC lifted its holdings in shares of Comfort Systems USA by 49.1% in the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock valued at $26,000 after purchasing an additional 27 shares in the last quarter. Colonial Trust Co SC increased its position in Comfort Systems USA by 352.6% during the fourth quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock worth $36,000 after purchasing an additional 67 shares during the last quarter. Stone House Investment Management LLC acquired a new position in Comfort Systems USA during the first quarter worth approximately $31,000. Versant Capital Management Inc increased its position in Comfort Systems USA by 257.1% during the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock worth $32,000 after purchasing an additional 72 shares during the last quarter. Finally, Johnson Financial Group Inc. increased its position in Comfort Systems USA by 131.1% during the fourth quarter. Johnson Financial Group Inc. now owns 104 shares of the construction company's stock worth $45,000 after purchasing an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.

Insider Buying and Selling

In other news, COO T Mckenna Trent sold 4,400 shares of Comfort Systems USA stock in a transaction dated 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 directly 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Julie Shaeff sold 1,369 shares of Comfort Systems USA stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $704.50, for a total transaction of $964,460.50. Following the completion of the transaction, the chief accounting officer directly owned 16,023 shares of the company's stock, valued at $11,288,203.50. This trade represents a 7.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,205 shares of company stock worth $20,932,366. 1.59% of the stock is currently owned by insiders.

Comfort Systems USA Stock Performance

Comfort Systems USA stock opened at $689.53 on Friday. The firm's fifty day moving average price is $575.61 and its 200 day moving average price is $456.06. The company has a market capitalization of $24.33 billion, a price-to-earnings ratio of 35.43 and a beta of 1.49. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $733.24. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.84 by $1.69. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.97 billion. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The company's revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.74 EPS. On average, research analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Thursday, August 14th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend 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 payout ratio is 9.25%.

Analysts Set New Price Targets

FIX has been the subject of several research analyst reports. Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. DA Davidson raised their target price on shares of Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Stifel Nicolaus raised their target price on shares of Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a research note on Friday, July 11th. UBS Group raised their target price 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. Finally, Northcoast Research downgraded shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $635.60.

Comfort Systems USA 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.

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