Comfort Systems USA, Inc. (NYSE:FIX) Receives $493.50 Consensus Target Price from Brokerages

Shares of Comfort Systems USA, Inc. (NYSE:FIX) have earned an average rating of “Moderate Buy” from the five brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $493.50.

A number of research analysts recently issued reports on the stock. Northcoast Research started coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They issued a “buy” rating and a $525.00 price objective for the company. UBS Group boosted their price objective on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Finally, Stifel Nicolaus started coverage on Comfort Systems USA in a research report on Friday, November 15th. They issued a “buy” rating and a $524.00 price target on the stock.

Comfort Systems USA Stock Performance

NYSE FIX opened at $435.00 on Tuesday. The firm’s fifty day moving average price is $447.58 and its two-hundred day moving average price is $374.89. The stock has a market cap of $15.48 billion, a PE ratio of 33.28 and a beta of 1.18. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. Comfort Systems USA has a fifty-two week low of $194.30 and a fifty-two week high of $510.79.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.97 by $0.12. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the firm earned $2.74 EPS. The business’s revenue for the quarter was up 31.5% compared to the same quarter last year. On average, equities analysts expect that Comfort Systems USA will post 13.95 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were given a dividend of $0.35 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 0.32%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s dividend payout ratio is 10.71%.

Insider Transactions at Comfort Systems USA

In other news, Director Pablo G. Mercado sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total transaction 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. This represents a 21.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the transaction, the insider now owns 204,205 shares in the company, valued at approximately $91,663,540.40. The trade was a 6.84 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,200 shares of company stock valued at $15,431,250. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Comfort Systems USA

Several hedge funds and other institutional investors have recently made changes to their positions in FIX. Hollencrest Capital Management acquired a new position in Comfort Systems USA during the 3rd quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Comfort Systems USA during the third quarter valued at approximately $38,000. V Square Quantitative Management LLC grew its holdings in Comfort Systems USA by 59.5% during the third 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 in the last quarter. True Wealth Design LLC purchased a new stake in Comfort Systems USA in the 3rd quarter valued at $53,000. Finally, Contravisory Investment Management Inc. lifted its stake in Comfort Systems USA by 126.9% during 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. 96.51% of the stock is owned by institutional investors.

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.