Comfort Systems USA, Inc. (NYSE:FIX) Stock Has Consensus Target Price of $2,082.86

Shares of Comfort Systems USA, Inc. (NYSE:FIX) have received an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $2,082.86.

Several equities research analysts have recently issued reports on FIX shares. DA Davidson started coverage on shares of Comfort Systems USA in a research report on Friday, August 21st. They set a “buy” rating and a $2,100.00 price objective on the stock. UBS Group reiterated a “buy” rating on shares of Comfort Systems USA in a research report on Tuesday, September 15th. KeyCorp lifted their target price on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. Weiss Ratings upgraded Comfort Systems USA from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday. Finally, Stifel Nicolaus set a $1,910.00 target price on Comfort Systems USA in a research report on Monday, July 27th.

Insiders Place Their Bets

In other news, CFO William George, III sold 2,554 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the sale, the chief financial officer owned 30,250 shares in the company, valued at approximately $56,254,412.50. The trade was a 7.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Franklin Myers sold 4,000 shares of Comfort Systems USA stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the sale, the director owned 8,495 shares of the company’s stock, valued at $14,389,850.40. The trade was a 32.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 26,078 shares of company stock valued at $43,211,828. 1.24% of the stock is currently owned by corporate insiders.

Institutional Trading of Comfort Systems USA

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new position in shares of Comfort Systems USA during the 2nd quarter valued at approximately $26,000. Glynn Capital Management LLC increased its holdings in shares of Comfort Systems USA by 58.3% in the third quarter. Glynn Capital Management LLC now owns 19 shares of the construction company’s stock valued at $31,000 after purchasing an additional 7 shares during the last quarter. Avalon Trust Co acquired a new position in shares of Comfort Systems USA during the 2nd quarter valued at about $32,000. Field & Main Bank purchased a new stake in shares of Comfort Systems USA in the 2nd quarter valued at approximately $32,000. Finally, Carolina Wealth Advisors LLC increased its stake in Comfort Systems USA by 63.6% during the second quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock worth $36,000 after acquiring an additional 7 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of FIX opened at $1,715.28 on Monday. Comfort Systems USA has a 52 week low of $770.47 and a 52 week high of $2,073.99. The stock has a market cap of $60.36 billion, a price-to-earnings ratio of 42.19 and a beta of 1.66. The business has a 50-day simple moving average of $1,662.51 and a two-hundred day simple moving average of $1,724.24. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, topping analysts’ consensus estimates of $10.45 by $2.08. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the business posted $6.53 earnings per share. The company’s revenue was up 50.3% on a year-over-year basis. On average, analysts expect that Comfort Systems USA will post 48.15 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were issued a dividend of $0.90 per share. The ex-dividend date was Thursday, August 13th. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s dividend payout ratio (DPR) is currently 8.85%.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc (NYSE:FIX) provides mechanical, electrical, and other contracting services for commercial, industrial, and institutional customers. Its work supports the construction, renovation, and ongoing operation of facilities such as office buildings, hospitals, schools, data centers, manufacturing plants, and other complex infrastructure.

The company’s services include heating, ventilation, and air conditioning; plumbing and piping; electrical contracting; building automation and controls; and related specialty services.