Comfort Systems USA (NYSE:FIX) Sets New 1-Year High at $167.88

Posted by Defense World Staff on Jul 16th, 2023

Comfort Systems USA, Inc. (NYSE:FIX – Get Free Report) shares reached a new 52-week high during trading on Friday . The stock traded as high as $167.88 and last traded at $164.01, with a volume of 11357 shares changing hands. The stock had previously closed at $166.16.

Analyst Upgrades and Downgrades

FIX has been the subject of several research reports. StockNews.com initiated coverage on shares of Comfort Systems USA in a report on Thursday, May 18th. They set a “buy” rating for the company. UBS Group began coverage on shares of Comfort Systems USA in a research report on Thursday, June 1st. They set a “neutral” rating and a $162.00 target price on the stock.

Comfort Systems USA Price Performance

The firm’s 50-day moving average price is $156.90 and its 200-day moving average price is $140.21. The company has a current ratio of 1.04, a quick ratio of 1.01 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $5.86 billion, a PE ratio of 27.25 and a beta of 1.21.

Comfort Systems USA (NYSE:FIX – Get Free Report) last announced its earnings results on Wednesday, April 26th. The construction company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.44. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Comfort Systems USA had a net margin of 4.89% and a return on equity of 21.72%. The business’s revenue was up 32.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 EPS. On average, equities analysts forecast that Comfort Systems USA, Inc. will post 6.79 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 29th. Investors of record on Thursday, May 18th were given a $0.20 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Wednesday, May 17th. Comfort Systems USA’s dividend payout ratio is 13.31%.

Insider Buying and Selling

In related news, Director Constance Ellen Skidmore sold 3,000 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $159.94, for a total value of $479,820.00. Following the sale, the director now directly owns 22,787 shares of the company’s stock, valued at approximately $3,644,552.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.48% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Comfort Systems USA

A number of institutional investors have recently modified their holdings of the stock. North Star Investment Management Corp. bought a new position in shares of Comfort Systems USA during the fourth quarter valued at approximately $1,241,000. Assenagon Asset Management S.A. boosted its stake in shares of Comfort Systems USA by 20.6% during the first quarter. Assenagon Asset Management S.A. now owns 159,437 shares of the construction company’s stock valued at $23,271,000 after purchasing an additional 27,250 shares in the last quarter. HRT Financial LP bought a new position in shares of Comfort Systems USA during the fourth quarter valued at approximately $2,134,000. Toth Financial Advisory Corp bought a new position in shares of Comfort Systems USA during the fourth quarter valued at approximately $538,000. Finally, Summit Global Investments boosted its stake in shares of Comfort Systems USA by 21.8% during the fourth quarter. Summit Global Investments now owns 6,700 shares of the construction company’s stock valued at $771,000 after purchasing an additional 1,200 shares in the last quarter. 94.51% of the stock is owned by hedge funds and other institutional investors.

About Comfort Systems USA

(Get Free Report)

Comfort Systems USA, Inc provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It engages in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) systems; and renovation, expansion, maintenance, monitoring, repair, and replacement of existing buildings.