Comfort Systems USA, Inc. (NYSE:FIX) Receives $668.60 Consensus Target Price from Analysts

Comfort Systems USA, Inc. (NYSE:FIX) has been assigned an average recommendation of “Buy” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $668.60.

Several brokerages have weighed in on FIX. Stifel Nicolaus increased their target price on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. William Blair initiated coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They set an “outperform” rating for the company. Wall Street Zen upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. DA Davidson upped their price target on Comfort Systems USA from $630.00 to $810.00 and gave the stock a “buy” rating in a research note on Monday, July 28th. Finally, Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 19th.

Comfort Systems USA Price Performance

NYSE:FIX opened at $803.06 on Thursday. Comfort Systems USA has a 52 week low of $276.44 and a 52 week high of $825.00. The stock’s fifty day moving average is $714.31 and its two-hundred day moving average is $536.03. The company has a market capitalization of $28.33 billion, a P/E ratio of 41.27 and a beta of 1.54. 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 (NYSE:FIX) last released its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, topping analysts’ consensus estimates of $4.84 by $1.69. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The company’s revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.74 EPS. Equities analysts expect that Comfort Systems USA will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.00 annualized dividend and a yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.45. Comfort Systems USA’s dividend payout ratio is presently 10.28%.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 8,436 shares of the 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 sale, the chief financial officer directly owned 47,473 shares in the company, valued at $32,879,799.80. This represents a 15.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William J. Sandbrook sold 800 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $733.56, for a total transaction of $586,848.00. Following the completion of the transaction, the director directly owned 11,666 shares of the company’s stock, valued at $8,557,710.96. This represents a 6.42% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,783 shares of company stock valued at $18,710,798. Corporate insiders own 1.59% of the company’s stock.

Institutional Trading of Comfort Systems USA

Several hedge funds have recently modified their holdings of FIX. Sumitomo Mitsui Trust Group Inc. grew its stake in Comfort Systems USA by 13.1% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,556 shares of the construction company’s stock worth $824,000 after purchasing an additional 296 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Comfort Systems USA by 27.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,102 shares of the construction company’s stock valued at $364,000 after buying an additional 239 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Comfort Systems USA by 97.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the construction company’s stock worth $2,377,000 after buying an additional 3,644 shares in the last quarter. Dynamic Advisor Solutions LLC increased its stake in shares of Comfort Systems USA by 256.0% during the first quarter. Dynamic Advisor Solutions LLC now owns 2,040 shares of the construction company’s stock worth $658,000 after buying an additional 1,467 shares during the period. Finally, Spire Wealth Management raised its holdings in Comfort Systems USA by 9.8% in the first quarter. Spire Wealth Management now owns 1,005 shares of the construction company’s stock valued at $324,000 after acquiring an additional 90 shares in the last quarter. 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.