Brokerages Set Comfort Systems USA, Inc. (NYSE:FIX) Target Price at $1,573.67

Shares of Comfort Systems USA, Inc. (NYSE:FIX) have received a consensus recommendation of “Buy” from the seven analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $1,573.6667.

Several equities research analysts have commented on the company. DA Davidson boosted their price objective on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 24th. UBS Group reaffirmed a “buy” rating and issued a $1,310.00 price target on shares of Comfort Systems USA in a research note on Monday, February 2nd. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st.

Comfort Systems USA Stock Down 5.8%

Shares of NYSE FIX opened at $1,360.72 on Thursday. The company’s 50-day simple moving average is $1,281.72 and its 200-day simple moving average is $1,031.24. Comfort Systems USA has a 52-week low of $276.44 and a 52-week high of $1,500.00. The firm has a market cap of $47.86 billion, a price-to-earnings ratio of 47.08 and a beta of 1.63. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share for the quarter, topping the consensus estimate of $6.75 by $2.62. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.34 billion. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The company’s revenue for the quarter was up 41.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.09 EPS. Equities analysts predict that Comfort Systems USA will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Friday, March 6th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.2%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.60. The ex-dividend date was Friday, March 6th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 9.69%.

Comfort Systems USA News Summary

Here are the key news stories impacting Comfort Systems USA this week:

• Positive Sentiment: Company reported a stronger-than-expected backlog and improved returns on capital, which analysts say justified recent gains and underpins longer‑term revenue visibility. Why Comfort Systems USA (FIX) Is Up 5.2% After Strong Backlog And Higher Returns On Capital
• Positive Sentiment: Ongoing demand for data‑center cooling and HVAC services is cited as a durable growth driver for Comfort Systems’ service and project backlog, supporting elevated revenue expectations. Data Center Cooling Provider Sees Ongoing Demand. Shares Are Near A High.
• Positive Sentiment: Zacks upgraded FIX to a Zacks Rank #1 (Strong Buy), which can attract additional buy-side interest and supports near-term analyst-driven flows. Comfort Systems (FIX) Upgraded to Strong Buy: What Does It Mean for the Stock?
• Positive Sentiment: Consensus analyst coverage remains mostly bullish (Buy/Strong Buy majority), which supports investor confidence in the company’s strategy and valuation over the medium term. Comfort Systems USA, Inc. (NYSE:FIX) Receives Average Rating of “Buy” from Analysts
• Neutral Sentiment: Coverage pieces reminding investors about analyst recommendations and fundamentals can increase trading volume and volatility without changing the underlying story. Brokers Suggest Investing in Comfort Systems (FIX): Read This Before Placing a Bet
• Negative Sentiment: Short-term pullback appears linked to profit-taking after the recent run-up and visible insider selling (multiple Form 4s), which increases perceived near-term supply and can pressure the stock. Comfort Systems USA shares slide 4.2% amid profit-taking after strong run-up and recent insider sales

Insider Transactions at Comfort Systems USA

In other news, Director Franklin Myers sold 8,636 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $1,472.56, for a total value of $12,717,028.16. Following the transaction, the director directly owned 73,995 shares of the company’s stock, valued at approximately $108,962,077.20. This trade represents a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO William George III sold 9,000 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $1,434.97, for a total transaction of $12,914,730.00. Following the sale, the chief financial officer directly owned 37,824 shares of the company’s stock, valued at approximately $54,276,305.28. This represents a 19.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 37,288 shares of company stock valued at $53,677,038. Company insiders own 1.59% of the company’s stock.

Institutional Investors Weigh In On Comfort Systems USA

A number of large investors have recently made changes to their positions in FIX. Vanguard Group Inc. boosted its position in shares of Comfort Systems USA by 17.0% during the 4th quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock valued at $4,022,597,000 after acquiring an additional 625,567 shares during the last quarter. Norges Bank purchased a new stake in shares of Comfort Systems USA in the fourth quarter valued at about $469,606,000. State Street Corp increased its position in Comfort Systems USA by 35.6% during the fourth quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock worth $1,333,367,000 after purchasing an additional 375,118 shares during the last quarter. Geode Capital Management LLC raised its stake in Comfort Systems USA by 39.0% during the fourth quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock worth $1,103,453,000 after purchasing an additional 332,441 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Comfort Systems USA by 37,987.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 310,031 shares of the construction company’s stock worth $289,349,000 after purchasing an additional 309,217 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.