Comfort Systems USA, Inc. (NYSE:FIX) Shares Acquired by HB Wealth Management LLC

Key Points

• HB Wealth Management LLC significantly increased its investment in Comfort Systems USA by 116.4% during the first quarter, bringing its total holdings to $480,000.
• Comfort Systems USA's recent quarterly earnings showed a strong performance with $6.53 earnings per share, surpassing analyst estimates and reflecting a 20.1% increase in revenue year-over-year.
• The company announced an increase in its quarterly dividend from $0.45 to $0.50, effective August 25, indicating financial growth and commitment to returning value to shareholders.

HB Wealth Management LLC raised its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 116.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,489 shares of the construction company's stock after acquiring an additional 801 shares during the quarter. HB Wealth Management LLC's holdings in Comfort Systems USA were worth $480,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Tradewinds Capital Management LLC grew its position in shares of Comfort Systems USA by 49.1% during the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock worth $26,000 after buying an additional 27 shares in the last quarter. Versant Capital Management Inc grew its position in shares of 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 buying an additional 72 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of Comfort Systems USA by 54.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock worth $34,000 after buying an additional 37 shares in the last quarter. Colonial Trust Co SC grew its position in shares of 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 buying an additional 67 shares in the last quarter. Finally, Rothschild Investment LLC grew its position in shares of Comfort Systems USA by 106.9% during the first quarter. Rothschild Investment LLC now owns 120 shares of the construction company's stock worth $39,000 after buying an additional 62 shares in the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on FIX. Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. UBS Group boosted their target price on Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Northcoast Research cut Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday. DA Davidson boosted their target price on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research note on Monday. Finally, Stifel Nicolaus boosted their target price on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. One investment 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 stock presently has an average rating of "Moderate Buy" and a consensus target price of $635.60.

Comfort Systems USA Stock Down 1.0%

FIX stock traded down $7.06 during trading on Friday, hitting $696.24. 552,387 shares of the company's stock were exchanged, compared to its average volume of 406,624. The business has a 50-day moving average price of $532.98 and a two-hundred day moving average price of $442.84. The stock has a market capitalization of $24.56 billion, a price-to-earnings ratio of 35.78 and a beta of 1.49. Comfort Systems USA, Inc. has a 52-week low of $272.92 and a 52-week high of $718.40. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03.

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

Comfort Systems USA Increases Dividend

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

Insider Buying and Selling

In other Comfort Systems USA news, Director Darcy Anderson sold 8,000 shares of the business's stock in a transaction that occurred 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Pablo G. Mercado sold 1,800 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.10, for a total value of $784,980.00. Following the completion of the sale, the director owned 7,236 shares of the company's stock, valued at approximately $3,155,619.60. This represents a 19.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,700 shares of company stock valued at $21,638,967 in the last 90 days. Company insiders own 1.59% of the company's stock.

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.