Comfort Systems USA (NYSE:FIX) Sets New 1-Year High – Should You Buy?

Comfort Systems USA, Inc. (NYSE:FIX)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $2,045.14 and last traded at $2,028.74, with a volume of 377062 shares. The stock had previously closed at $1,952.37.

Analyst Ratings Changes

FIX has been the topic of several analyst reports. Zacks Research cut shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. KeyCorp raised shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price objective on the stock in a research note on Friday, April 24th. Stifel Nicolaus boosted their price objective on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday, April 20th. Finally, Glj Research initiated coverage on shares of Comfort Systems USA in a research note on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price objective on the stock. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,923.20.

Comfort Systems USA Stock Up 3.9%

The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. The firm has a market cap of $71.41 billion, a P/E ratio of 58.53 and a beta of 1.70. The stock’s 50-day simple moving average is $1,551.03 and its 200 day simple moving average is $1,231.63.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, beating analysts’ consensus estimates of $6.81 by $3.70. The business had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The business’s quarterly revenue was up 56.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.75 earnings per share. As a group, research analysts forecast that Comfort Systems USA, Inc. will post 43.17 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th will be given a dividend of $0.80 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Friday, May 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s payout ratio is currently 8.08%.

Insider Activity at Comfort Systems USA

In other news, Director Franklin Myers sold 8,636 shares of the stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $1,472.56, for a total transaction of $12,717,028.16. Following the transaction, the director owned 73,995 shares of the company’s stock, valued at $108,962,077.20. This represents a 10.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William J. Sandbrook sold 2,500 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $1,443.32, for a total transaction of $3,608,300.00. Following the transaction, the director directly owned 9,166 shares in the company, valued at $13,229,471.12. This trade represents a 21.43% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 56,024 shares of company stock worth $89,864,746. 1.24% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Comfort Systems USA

A number of institutional investors and hedge funds have recently made changes to their positions in FIX. Quent Capital LLC bought a new position in shares of Comfort Systems USA during the 3rd quarter worth about $25,000. Ameriflex Group Inc. boosted its position in shares of Comfort Systems USA by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after purchasing an additional 15 shares in the last quarter. Core Wealth Advisors LLC bought a new position in shares of Comfort Systems USA during the 4th quarter worth about $28,000. Eastern Bank bought a new position in shares of Comfort Systems USA during the 3rd quarter worth about $31,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Comfort Systems USA during the 4th quarter worth about $33,000. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Company Profile

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.