Comfort Systems USA (NYSE:FIX) Sets New 52-Week High at $348.00

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The stock traded as high as $348.00 and last traded at $348.00, with a volume of 480 shares changing hands. The stock had previously closed at $343.63.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. KeyCorp started coverage on Comfort Systems USA in a research report on Wednesday, January 10th. They issued a "sector weight" rating on the stock. UBS Group lifted their price objective on shares of Comfort Systems USA from $208.00 to $254.00 and gave the company a "neutral" rating in a research report on Thursday, February 15th. DA Davidson raised their price objective on Comfort Systems USA from $200.00 to $350.00 and gave the company a "buy" rating in a research report on Wednesday, February 28th. Finally, StockNews.com upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Thursday, April 4th.

Comfort Systems USA Stock Performance

The company has a market cap of $12.36 billion, a P/E ratio of 34.00 and a beta of 1.20. The business has a 50-day moving average of $310.94 and a two-hundred day moving average of $243.17. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.96 and a quick ratio of 0.92.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, April 25th. The construction company reported $2.69 EPS for the quarter, beating analysts' consensus estimates of $2.26 by $0.43. Comfort Systems USA had a net margin of 6.51% and a return on equity of 28.65%. The company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter in the prior year, the company posted $1.51 earnings per share. Comfort Systems USA's revenue for the quarter was up 30.8% compared to the same quarter last year. On average, sell-side analysts predict that Comfort Systems USA, Inc. will post 11.9 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 13th will be paid a dividend of $0.30 per share. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend is Friday, May 10th. Comfort Systems USA's payout ratio is presently 11.88%.

Insider Activity at Comfort Systems USA

In other news, Director Darcy Anderson sold 3,800 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $316.60, for a total transaction of $1,203,080.00. Following the completion of the transaction, the director now directly owns 43,741 shares of the company's stock, valued at approximately $13,848,400.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Comfort Systems USA news, insider Brian E. Lane sold 16,000 shares of the company's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $312.13, for a total transaction of $4,994,080.00. Following the sale, the insider now owns 227,926 shares in the company, valued at approximately $71,142,542.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Darcy Anderson sold 3,800 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $316.60, for a total transaction of $1,203,080.00. Following the completion of the sale, the director now directly owns 43,741 shares in the company, valued at $13,848,400.60. The disclosure for this sale can be found here. Insiders have sold a total of 46,614 shares of company stock valued at $13,739,345 in the last ninety days. Company insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Comfort Systems USA

Several hedge funds and other institutional investors have recently bought and sold shares of FIX. V Square Quantitative Management LLC acquired a new position in Comfort Systems USA in the first quarter valued at $25,000. Byrne Asset Management LLC acquired a new stake in Comfort Systems USA during the 4th quarter worth approximately $26,000. Rise Advisors LLC purchased a new position in Comfort Systems USA in the first quarter valued at approximately $44,000. VisionPoint Advisory Group LLC acquired a new position in shares of Comfort Systems USA during the 3rd quarter valued at $59,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Comfort Systems USA in the fourth quarter valued at about $61,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

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.