Comfort Systems USA (NYSE:FIX) Sets New 52-Week High – Here’s Why

Shares of Comfort Systems USA, Inc. (NYSE:FIX) hit a new 52-week high on Wednesday . The company traded as high as $432.19 and last traded at $432.10, with a volume of 1541 shares changing hands. The stock had previously closed at $410.99.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th.

Comfort Systems USA Trading Up 4.2 %

The business’s 50 day simple moving average is $383.20 and its two-hundred day simple moving average is $341.69. The stock has a market cap of $16.45 billion, a P/E ratio of 35.35 and a beta of 1.13. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, topping analysts’ consensus estimates of $3.97 by $0.12. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. Comfort Systems USA’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.74 EPS. As a group, analysts expect that Comfort Systems USA, Inc. will post 13.88 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s dividend payout ratio (DPR) is 10.71%.

Insiders Place Their Bets

In other news, Director Pablo G. Mercado sold 2,500 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $409.46, for a total transaction of $1,023,650.00. Following the completion of the transaction, the director now owns 9,036 shares of the company’s stock, valued at approximately $3,699,880.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Pablo G. Mercado sold 2,500 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total value of $1,023,650.00. Following the transaction, the director now directly owns 9,036 shares of the company’s stock, valued at $3,699,880.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total value of $4,943,250.00. Following the completion of the sale, the insider now owns 219,205 shares in the company, valued at $72,239,007.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,591 shares of company stock valued at $14,835,665 in the last ninety days. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Comfort Systems USA

A number of hedge funds have recently bought and sold shares of FIX. Hollencrest Capital Management bought a new position in shares of Comfort Systems USA in the 3rd quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Comfort Systems USA in the third quarter valued at approximately $38,000. Opal Wealth Advisors LLC bought a new position in shares of Comfort Systems USA during the 2nd quarter worth approximately $41,000. V Square Quantitative Management LLC grew its position in shares of Comfort Systems USA by 59.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after buying an additional 47 shares during the period. Finally, Contravisory Investment Management Inc. increased its stake in shares of Comfort Systems USA by 126.9% in the 3rd quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock valued at $59,000 after acquiring an additional 85 shares in the last quarter. Institutional investors 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.