Comfort Systems USA, Inc. (NYSE:FIX – Get Free Report) has earned a consensus recommendation of “Buy” from the eleven brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $2,057.8571.
Several equities research analysts recently commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Friday, July 17th. KeyCorp increased their price objective on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Stifel Nicolaus set a $1,910.00 target price on shares of Comfort Systems USA in a report on Monday, July 27th. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Finally, Erste Group Bank lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th.
Check Out Our Latest Report on FIX
Comfort Systems USA Trading Down 7.5%
Comfort Systems USA (NYSE:FIX – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.45 by $2.08. The company had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. Comfort Systems USA’s revenue was up 50.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.53 EPS. As a group, equities analysts forecast that Comfort Systems USA will post 46.77 EPS for the current fiscal year.
Comfort Systems USA Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Thursday, August 13th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio is presently 8.85%.
Insider Activity at Comfort Systems USA
In other Comfort Systems USA news, CFO William George III sold 2,554 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the completion of the sale, the chief financial officer directly owned 30,250 shares in the company, valued at $56,254,412.50. The trade was a 7.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Franklin Myers sold 4,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the sale, the director directly owned 8,495 shares of the company’s stock, valued at $14,389,850.40. The trade was a 32.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 17,096 shares of company stock worth $31,186,647. 1.24% of the stock is owned by insiders.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Beacon Pointe Advisors LLC purchased a new position in Comfort Systems USA during the second quarter valued at approximately $1,308,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Comfort Systems USA in the 2nd quarter worth approximately $1,743,000. Glenview Trust Co bought a new stake in shares of Comfort Systems USA during the second quarter valued at approximately $319,000. Empowered Funds LLC purchased a new position in shares of Comfort Systems USA in the second quarter worth $57,223,000. Finally, United Capital Financial Advisors LLC purchased a new position in Comfort Systems USA during the second quarter valued at $2,630,000. 96.51% of the stock is currently owned by 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.
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