Comfort Systems USA, Inc. (NYSE:FIX) Plans Quarterly Dividend of $0.30

Comfort Systems USA, Inc. (NYSE:FIX) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Investors of record on Monday, May 13th will be paid a dividend of 0.30 per share by the construction company on Friday, May 24th. This represents a $1.20 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Friday, May 10th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.25.

Comfort Systems USA has raised its dividend by an average of 26.0% per year over the last three years and has increased its dividend annually for the last 11 consecutive years. Comfort Systems USA has a payout ratio of 7.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Comfort Systems USA to earn $12.88 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 7.8%.

Comfort Systems USA Trading Down 3.0 %

Shares of FIX traded down $9.40 during midday trading on Friday, hitting $302.00. The stock had a trading volume of 662,976 shares, compared to its average volume of 297,811. Comfort Systems USA has a 1 year low of $133.24 and a 1 year high of $335.25. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.07. The stock’s 50 day moving average is $303.25 and its 200 day moving average is $234.42. The firm has a market cap of $10.78 billion, a PE ratio of 29.90 and a beta of 1.19.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, April 25th. The construction company reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.43. Comfort Systems USA had a return on equity of 29.68% and a net margin of 6.51%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the business posted $1.51 earnings per share. The company’s revenue for the quarter was up 30.8% on a year-over-year basis. As a group, analysts forecast that Comfort Systems USA will post 11.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. KeyCorp assumed coverage on shares of Comfort Systems USA in a research note on Wednesday, January 10th. They issued a “sector weight” rating on the stock. UBS Group raised their price objective on Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. DA Davidson upped their target price on Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Finally, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th.

Insider Activity

In other Comfort Systems USA news, insider Brian E. Lane sold 16,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $312.13, for a total transaction of $4,994,080.00. Following the completion of the sale, the insider now owns 227,926 shares in the company, valued at $71,142,542.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Comfort Systems USA news, insider Brian E. Lane sold 16,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $312.13, for a total value of $4,994,080.00. Following the completion of the sale, the insider now owns 227,926 shares of the company’s stock, valued at $71,142,542.38. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO William George III sold 8,429 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $278.95, for a total transaction of $2,351,269.55. Following the sale, the chief financial officer now directly owns 62,471 shares in the company, valued at approximately $17,426,285.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,614 shares of company stock worth $13,739,345. Corporate insiders own 1.80% 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.