Comfort Systems USA (NYSE:FIX) Stock Price Up 0.4%

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) rose 0.4% during mid-day trading on Tuesday . The company traded as high as $314.04 and last traded at $311.89. Approximately 58,040 shares traded hands during trading, a decline of 84% from the average daily volume of 352,539 shares. The stock had previously closed at $310.69.

Analysts Set New Price Targets

FIX has been the subject of several analyst reports. DA Davidson lifted their price objective on shares of Comfort Systems USA from $200.00 to $350.00 and gave the stock a "buy" rating in a research note on Wednesday, February 28th. KeyCorp initiated coverage on shares of Comfort Systems USA in a research note on Wednesday, January 10th. They issued a "sector weight" rating for the company. UBS Group lifted their price objective on shares of Comfort Systems USA from $208.00 to $254.00 and gave the stock a "neutral" rating in a research note on Thursday, February 15th. Finally, StockNews.com raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Thursday, April 4th.

Comfort Systems USA Stock Down 0.4 %

The company has a market capitalization of $11.05 billion, a P/E ratio of 30.63 and a beta of 1.19. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.92 and a current ratio of 0.96. The firm's fifty day moving average is $305.74 and its 200-day moving average is $237.43.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The construction company reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the firm posted $1.51 EPS. The firm's revenue was up 30.8% on a year-over-year basis. As a group, equities research analysts predict that Comfort Systems USA, Inc. will post 11.42 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 13th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, May 10th. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 0.39%. Comfort Systems USA's dividend payout ratio (DPR) is currently 9.90%.

Insider Buying and Selling

In related news, Director Constance Ellen Skidmore sold 3,000 shares of Comfort Systems USA stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $299.96, for a total transaction of $899,880.00. Following the sale, the director now directly owns 13,787 shares in the company, valued at approximately $4,135,548.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Constance Ellen Skidmore sold 3,000 shares of the business's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $299.96, for a total value of $899,880.00. Following the transaction, the director now owns 13,787 shares in the company, valued at approximately $4,135,548.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO T Mckenna Trent sold 14,185 shares of the business's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $278.55, for a total transaction of $3,951,231.75. Following the completion of the transaction, the chief operating officer now owns 22,644 shares in the company, valued at approximately $6,307,486.20. The disclosure for this sale can be found here. Insiders have sold a total of 46,614 shares of company stock worth $13,739,345 in the last ninety days. Company insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. State Board of Administration of Florida Retirement System lifted its position in shares of Comfort Systems USA by 0.6% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 10,115 shares of the construction company's stock valued at $1,724,000 after acquiring an additional 60 shares during the period. Portside Wealth Group LLC lifted its position in shares of Comfort Systems USA by 3.6% during the 3rd quarter. Portside Wealth Group LLC now owns 2,157 shares of the construction company's stock valued at $368,000 after acquiring an additional 74 shares during the period. Sound View Wealth Advisors Group LLC lifted its position in shares of Comfort Systems USA by 5.5% during the 3rd quarter. Sound View Wealth Advisors Group LLC now owns 1,434 shares of the construction company's stock valued at $244,000 after acquiring an additional 75 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Comfort Systems USA during the 1st quarter valued at $25,000. Finally, Freedom Day Solutions LLC lifted its position in shares of Comfort Systems USA by 1.2% during the 1st quarter. Freedom Day Solutions LLC now owns 8,552 shares of the construction company's stock valued at $2,717,000 after acquiring an additional 98 shares during the period. Institutional investors and hedge funds own 96.51% of the company's stock.

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.