Monument Capital Management Buys Shares of 6,767 Comfort Systems USA, Inc. $FIX

Key Points

• Monument Capital Management acquired a stake in Comfort Systems USA, Inc. by purchasing 6,767 shares valued at approximately $3.63 million during the 2nd quarter.
• Comfort Systems USA recently increased its quarterly dividend to $0.50 per share, reflecting a positive change from the previous dividend of $0.45.
• Following its recent quarterly earnings report, Comfort Systems USA beat analysts' expectations with earnings per share of $6.53, significantly higher than the consensus estimate of $4.84.

Monument Capital Management bought a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 6,767 shares of the construction company's stock, valued at approximately $3,629,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB increased its holdings in Comfort Systems USA by 12.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock valued at $107,000 after acquiring an additional 22 shares in the last quarter. Tradewinds Capital Management LLC increased its holdings in Comfort Systems USA by 49.1% during 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 in the last quarter. Fifth Third Bancorp increased its holdings in Comfort Systems USA by 2.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,739 shares of the construction company's stock valued at $932,000 after acquiring an additional 34 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Comfort Systems USA by 54.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock valued at $34,000 after acquiring an additional 37 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in Comfort Systems USA by 8.7% during the 2nd quarter. IFP Advisors Inc now owns 475 shares of the construction company's stock valued at $255,000 after acquiring an additional 38 shares in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Comfort Systems USA news, CAO Julie Shaeff sold 1,369 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $704.50, for a total transaction of $964,460.50. Following the transaction, the chief accounting officer directly owned 16,023 shares of the company's stock, valued at $11,288,203.50. The trade was a 7.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO William George III sold 8,436 shares of Comfort Systems USA stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $692.60, for a total transaction of $5,842,773.60. Following the transaction, the chief financial officer directly owned 47,473 shares in the company, valued at approximately $32,879,799.80. This trade represents a 15.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,783 shares of company stock valued at $18,710,798 over the last quarter. 1.59% of the stock is owned by insiders.

Comfort Systems USA Trading Down 1.1%

Shares of FIX stock opened at $835.28 on Friday. The stock has a market cap of $29.47 billion, a price-to-earnings ratio of 42.92 and a beta of 1.58. 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, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $852.31. The firm's 50 day moving average price is $744.60 and its two-hundred day moving average price is $559.68.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $1.97 billion. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. Comfort Systems USA's revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the company posted $3.74 earnings per share. On average, 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 declared a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, August 14th. Comfort Systems USA's dividend payout ratio is presently 10.28%.

Wall Street Analysts Forecast Growth

FIX has been the subject of a number of recent research reports. DA Davidson lifted their price target on shares of 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 lifted their price target on shares of 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 upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. UBS Group lifted their price target on shares of Comfort Systems USA from $710.00 to $875.00 and gave the stock a "buy" rating in a report on Monday, September 15th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Comfort Systems USA in a report on Wednesday. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $668.60.

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.

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