Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) fell 2.2% during trading on Wednesday . The company traded as low as $300.87 and last traded at $302.63. 68,162 shares traded hands during trading, a decline of 81% from the average session volume of 353,314 shares. The stock had previously closed at $309.41.
Wall Street Analysts Forecast Growth
A number of research firms have commented on FIX. DA Davidson increased their price objective on shares of Comfort Systems USA from $200.00 to $350.00 and gave the company a "buy" rating in a research note on Wednesday, February 28th. UBS Group increased their target price on shares of Comfort Systems USA from $208.00 to $254.00 and gave the stock a "neutral" rating in a report on Thursday, February 15th. StockNews.com raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Thursday, April 4th. Finally, KeyCorp initiated coverage on shares of Comfort Systems USA in a report on Wednesday, January 10th. They set a "sector weight" rating on the stock.
Read Our Latest Report on FIX
Comfort Systems USA Stock Down 2.4 %
The company has a market capitalization of $10.79 billion, a price-to-earnings ratio of 29.90 and a beta of 1.19. The stock's fifty day simple moving average is $306.94 and its two-hundred day simple moving average is $237.88. 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 released its quarterly earnings data on Thursday, April 25th. The construction company reported $2.69 earnings per share for the quarter, topping 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 business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter last year, the company earned $1.51 EPS. The company'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 earnings per share for the current fiscal year.
Comfort Systems USA Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 13th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date is Friday, May 10th. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.25. Comfort Systems USA's dividend payout ratio (DPR) is 9.90%.
Insider Buying and Selling
In related news, insider Brian E. Lane sold 16,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $312.13, for a total value of $4,994,080.00. Following the sale, the insider now owns 227,926 shares of the company's stock, valued at approximately $71,142,542.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, COO T Mckenna Trent sold 14,185 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $278.55, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian E. Lane sold 16,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $312.13, for a total transaction of $4,994,080.00. Following the completion of the transaction, the insider now owns 227,926 shares of the company's stock, valued at approximately $71,142,542.38. 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 quarter. Company insiders own 1.80% of the company's stock.
Hedge Funds Weigh In On Comfort Systems USA
A number of institutional investors and hedge funds have recently bought and sold shares of FIX. State Board of Administration of Florida Retirement System boosted its holdings in shares of Comfort Systems USA by 0.6% in the third quarter. State Board of Administration of Florida Retirement System now owns 10,115 shares of the construction company's stock worth $1,724,000 after buying an additional 60 shares during the period. Portside Wealth Group LLC lifted its position in shares of Comfort Systems USA by 3.6% in the third quarter. Portside Wealth Group LLC now owns 2,157 shares of the construction company's stock worth $368,000 after purchasing an additional 74 shares in the last quarter. Sound View Wealth Advisors Group LLC lifted its position in shares of Comfort Systems USA by 5.5% in the third quarter. Sound View Wealth Advisors Group LLC now owns 1,434 shares of the construction company's stock worth $244,000 after purchasing an additional 75 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Comfort Systems USA in the first quarter worth approximately $25,000. Finally, Freedom Day Solutions LLC lifted its position in shares of Comfort Systems USA by 1.2% in the first quarter. Freedom Day Solutions LLC now owns 8,552 shares of the construction company's stock worth $2,717,000 after purchasing an additional 98 shares in the last quarter. Institutional investors own 96.51% of the company's stock.
About Comfort Systems USA
(
Get Free Report)
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.
See Also
Before you consider Comfort Systems USA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Comfort Systems USA wasn't on the list.
While Comfort Systems USA currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
